October 10, 2016
Every penny matters and can add up quickly to help pay for those ramen noodles you’re having for supper….again.
Make sure you ask about what fees are charged on the checking accounts you are considering and if you can see a fee schedule. Then, take a closer look at ways in which the fees may be able to be offset.
In some cases, you’ll need to use direct deposit or keep a certain minimum balance in the account, but there could be many ways, so don’t be afraid to ask your banker about them.
It’s important to be able to access your funds easily and on the go. It depends on what your preferences are, but there should be online and mobile options for viewing balances, depositing checks, transferring money, or paying bills. And a debit card will save you from having to carry cash, allow you to pay online, or withdraw cash at an ATM.
And speaking of ATMs, don’t forget to ask if you have to pay fees at an ATM that is not affiliated with your financial institution. Fees of $2.50 to $3.00 every time add up each month and cuts into that ramen noodle budget.
Corinne Safford is a VP Senior Retail Manager with Great Western Bank.