Choosing the right checking account is important and we want to help guide you the right best account for you.
Few things are as important to your finances as your checking account. It’s where you store the money you earn to use on essentials like your home, vehicle, food and clothing.
Having the right checking account can make your life infinitely easier, while having the wrong checking account can make your life much more difficult. But with all the checking account options available these days, how do you know where to start when choosing an account?
These five questions will help you narrow down the list:
- Are you single or married? Some checking accounts have balance requirements or benefits that are triggered at various balance levels. If you are single, your balance will probably be lower than if you are married with a joint checking account that two people contributing to the account.
- What services are included? These include things like a debit card, online banking access, access to an online bill pay feature, electronic bank statements, direct deposit, remote check deposit or other services that make managing your money easier.
- What are the balance requirements? Some accounts incur a fee when your balance drops below a certain amount. For instance, if you use most of your paycheck between pay periods, you would be better off with an account with a low minimum balance requirement.
- Are the fees minimal, or can they be avoided? Fees can include monthly maintenance fees, fees for not hitting a certain number of transactions and so on. Most accounts have stipulations to help you avoid fees, such as a certain number of debit transactions per billing period.
- What are the account benefits? Many checking accounts have perks associated with them, including interest earned on the balance, cash back, or other account benefits like rewards programs. Make sure you understand your benefits so you can maximize them.
By answering these questions, you can better determine which type of checking account is best for you. You can also stop by or call any Heartland Bank office to ask our banking staff for help when trying to decide on a checking account.
We look forward to seeing you soon!
Heartland Bank, Member FDIC