How To Choose A Checking Account That Will Save You Money
A checking account is an essential money management tool, and there are an abundance of options available in the market. Do a simple search for “checking accounts in Brevard County,” “banks near me,” “open a checking account”, or even “best bank near me,” and you will return numerous local and national results. In a world saturated with financial options, how do you know which financial institution you should open a checking account at? Do not worry. Here are five essential qualities you should look for in a checking account that can help you save big money in the long-run.
Open A Checking Account With One Or More Of These Offerings
- No Minimum Balance
Let’s face it, it can be very difficult to keep a minimum balance of $1,000 or more in your checking account at any given time. We all have bills and other financial obligations that may make this impossible any given month. A great checking account will have zero minimum balance to help you avoid fees, and allow you to keep the majority of your money in your savings account where you can earn interest. At Launch Federal Credit Union, we are all about saving our members money. That’swhy we have zero minimum balance on our Classic Checking Account. We are here to help you reach your financial goals, and eliminating a minimum balance requirement is one way to help you avoid fees, and achieve your goals faster.
- No Monthly Service Fee
Make sure that when you open a checking account, the account you choose does not have a monthly service fee. There’s not many things that are more frustrating than paying a company to do business with them. At Launch FCU we strongly believe that your money should stay yours. We appreciate our members, and are thankful for their business. That is why our Classic Checking Account has no monthly service fee. We’re here to help you bank for less. - Low Initial Deposit
Some banks and credit unions will require you to open an account with a large initial deposit. Seek out a financial institution in Brevard or Volusia County that will allow you to open your checking account with a low initial deposit. Launch FCU recognizes that it is not always possible to open your account with $25, or even $500. All it takes to open an account at Launch FCU is $5. Our goal is to make banking affordable, and easily accessible to everyone in the communities in which we serve. - ATM Availability
There is nothing worse than stopping at an ATM to take cash out, only to be faced with a $3 ATM service fee. If you rely on an ATM to withdrawal cash on a regular basis, it is essential to choose a financial institution with a large network of fee-free ATMs. Launch FCU does not believe in having our members pay outrageous ATM fees to access their money. All Launch FCU members have access to a large ATM network. This includes the ability to utilize any Publix-Presto ATM fee-free with a Launch FCU ATM/Debit Card! Stop throwing your money away on ATM fees, and seek out an option that will keep more money in your wallet. - Additional Fees
One of the best ways you can save money on checking is to thoroughly research all fees charged by a financial institution before opening an account. Make sure you understand every fee the financial institution charges, so you do not run into trouble or confusion down the road. Saving money on unnecessary fees is one of the top ways to build your savings faster. Your money is yours. Keep it that way.
Choose The Right Checking Account For You
If you’re looking for a bank in Brevard County or bank in Volusia county, make sure to research all fees associated with the account type, as well as any minimum balance requirements. You are now armored with five traits of a checking account that can save you money. Finding the perfect checking account for you starts with understanding your financial goals, and picking an account to help you achieve those goals. Regardless of your goals, it’s silly to spend money on unnecessary bank fees and monthly service charges. Your money should remain yours. That is a philosophy that we at Launch FCU strongly believe. Stop into any of our 12 convenient branch locations for more information on our low-cost checking accounts, or give us a call any time.
© Launch Federal Credit Union and www.launchfcu.com, 2017. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Launch Federal Credit Union and www.launchfcu.com with appropriate and specific direction to the original content.
Blog
- 4 Tips On Snagging a Lower Interest Rate Mortgage
- 7 Tips for Avoid Cyber Criminals on Cyber Monday
- Avoid Gift Card Scams This Holiday Season
- Make Your Auto Loan Process Seamless: Here’s What You Need to Refinance!
- If It Connects, Protect It: Maximize Security on Devices
- How to Stay Safe Trick-Or-Treating This Year
- How to Stay Safe on Social Media
- 5 Tips on How You Can Be #CyberAware
- 7 Tips For Donating to a Charity
- 8 Tips for Creating Account Passwords
- 5 Tips to Prepare for a Hurricane
- 6 Tips for Back to School
- Should You Buy A New Or Old Home?
- Will Refinancing Your Auto Loan Hurt Your Credit Score?
- How To Do Valentine’s Day On A Budget
- Top 5 Ways To Save For A Car
- 10 Ways To Improve Your Finances In 2019
- 4 Best Ways To Budget For A Baby
- How To Overcome Impulse Purchases
- What Items Should You Inspect When Buying A House?
Archives
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015