5 Things to Ask When Opening A Checking Account

It's time for you to open a checking account, but which one is the best? Here are 5 things to look out for when choosing a #checkingaccount!

Fees. This is a big one. You want to take a look at all the fees an institution will charge you to have the bank account. Look for things like paper statement fees, fees if you go negative in your account, bounce checks, or need a debit card replacement. If you aren't careful, the fees can add up and eat away at your money pretty quickly.

Minimum requirements Along the same lines as fees are minimum requirements. Do you need to have direct deposit? Many institutions will have several checking accounts to choose from, each of them having their own assortment of requirements. The hard part is finding the one that fits your needs with requirements you feel you can meet.  Is there a minimum balance necessary? And if those things are not met, what are the fees associated with it?

ATM Network We still live in a cash world, so access to your money is pivotal. Where will you get service charges for using an ATM and where will you be able to pull out money free of charge? There may be a situation where having a checking account at a particular institution is just the right fit for you, but their ATM network is very small. Other things to look for are if they have shared branching abilities or other ways you can get to your funds no matter where you are.

Technology Today, having an app is so important for a financial institution. What features are available through the app? What Person to Person platforms (such as #CashApp, #Venmo, etc.) do they support? Also, on their website, are there functions you can use such as dispute a transaction or wire transfers digitally vs. coming in to a branch?

Insurance Above all else, is your money insured? Banks should be protected through the #FDIC and credit unions through the #NCUA.

At #SuperiorCreditUnion we pride ourselves in having few fees, and only $5 to keep an account open. Our ATM Network is large, our mobile app extensive, and we are Federally Insured by the NCUA. All of that plus the hometown relationship you can trust. Stop in to one of our branches and open a checking account today!