finding the right bank account

FINDING THE RIGHT BANK ACCOUNT

Finding the right bank account seems to be very difficult. Many people have several checking and savings accounts running simultaneously with no actual benefit.

It would be better than have one efficient checking account and one efficient savings account running and then you don’t have to worry anymore about your day-to-day banking. There are two main issues you have to resolve wheCHOOSING A BANK ACCOUNT

Banks rely on your laziness
If you have a bank account you are probably paying fees on items you have no idea what they are. Most people happily carry on paying these fees every month and banks rely on this. This is how they make a lot of money. If you are paying $10 per month in fees and there are 1 million other people like you a bank will make $120 million a year just on laziness alone. What value do you get in return? Very little probably. So, make a decision today to find the right account.




Know how you bank
• Do you visit your bank a lot or do you do a lot of online banking? • Do you write a lot of checks or do you make mostly electronic transfers?• How much money are you keeping in your checking account and how much are you saving?

These questions, and more, are all critical to selecting the correct bank account for you. There are accounts which offer free internet banking and penalize you for visiting a bank teller. If you hate internet banking and like visiting your bank then clearly that is the wrong account for you.

Some accounts have high fees for writing checks and low fees for electronic transfers. So if you are a check writer then that is also the wrong account for you. Don’t be dazzled by offers of a free $50 deposit into your account when you open or a free gift. They will make their money back in the first month because you haven’t got the right account for your needs.

Finding the right bank account is really that simple, make a decision to change and then find features that suit your style of banking. This will save you time and money guaranteed. If you are concerned about bill payments being debited from your account automatically, many banks will sort out all the transfers for you. After all, they want your business.n finding the right bank account.