Posted on Wednesday 26 September 2012
In today’s difficult economic times people are looking for ways to save money. With expenses for everything from gas to groceries being high, cutting expenses in every way possible is often the main focus for families and individuals across the country today. That is why people are looking to cut expenses on in how they handle simple things like their banking. For people who are looking for great checking accounts there are few main things to look for in an account.
The three main things to look for in a great checking account are no monthly fees, easy access to banking across the country, and great customer services.
No Monthly Fees
Having a checking account with no monthly fees can save consumers a significant amount of money yearly. In addition to the $10.00 to $15.00 monthly savings, free checking accounts can save consumers from potential overdraft fees. Especially with accounts who charge a monthly fee depending on usage, this fluctuating monthly account fee can cause account holders to overdraft by a few dollars if they are running on a tight budget. Each overdraft fee can range from $25.00 to $40.00 per check and can add up to significant losses for bank account holders.
Easy Bank Access
Another important factor for checking account holders is bank access. For people who travel for business and several annual vacations, having access to their banking can be an important asset. While online banking is helpful, finding a bank branch in the middle of the night for deposits and withdrawals without fees can be a great advantage for account holders.
Great Customer Service
Finally, one of the most important account features for a checking account is customer services, free debit cards, online banking, telebanking, extended phone customer service, zero liability for unauthorized transactions and easy interbank account transfer of funds. While small town banks can be great for customer service, they may not provide the personal care for these items that can be very important to an account holder.
People who are looking for a good checking account should be thorough to ask their bank what services they provide and see how they match up on these important issues. A good bank will have good answers for these important consumer issues. Certainly in the long run a good banking relationship can help a family to excel and thrive, and a bad one can be oppressive. For this important reason the decision to find a good bank is an important one to make.
Bio: Aaron B. writes for CashWire Online Payday Loans and is an under-graduate writer who enjoys writing financial articles that help readers understand their options and how they can save money.