When you’re just starting out, it can be difficult to find the right balance between features and eligibility. Many personal bank accounts have strict requirements when it comes to income, residence, or other factors. This can make finding the right account a stressful experience.
Fortunately, there are many great personal checking account offers from lenders across the country. Finding the best one for you is just a matter of knowing what to look for.
Here are some things to look for in personal banks checking accounts:
A Low Base Monthly Fee
One of the first things you’ll want to look for in a personal checking account is a low base monthly fee. This fee is the standard fee charged for having an account and is usually charged on a monthly basis. The fee amount will vary depending on the account provider and the account you choose, so you’ll want to make sure to check the fee charged by each account.
Easy To Receive Money and Make Payments
Another thing to look for in bank checking accounts is an easy way to receive money and make payments. Many people use their checking accounts to make regular and one-time payments to vendors, contractors, family members, and others. You’ll want to make sure the account you choose makes it easy to make these payments so you don’t have to worry about making extra trips to the bank.
ATM Access and Unlimited Withdrawals
Another important feature to look for in a personal checking account is ATM access and unlimited withdrawals. You’ll want to make sure the account you choose allows you to withdraw money from ATMs without incurring a fee. This way you can withdraw money from an account without having to make an extra trip to the bank and without having to pay a fee just to use the ATM at the bank.
In addition, you’ll want to make sure the account allows you to make a certain number of withdrawals from the account each month without incurring a fee. Some accounts have a monthly withdrawal limit, and others have a per-transaction withdrawal limit.
Good Customer Service
Many banks offer great customer service, but you should always make sure the account you choose provides you with a level of service you’re comfortable with. You’ll want to make sure you can easily contact representatives at the bank if you ever have questions or concerns about your account.
You can usually do this by calling the bank’s customer service number or going online to the bank’s website and using the customer service chat feature. You should also try to find an account that offers 24/7 customer service so you can contact the bank whenever you have a question or need assistance with your account. This way you can feel confident that you’ll always have a way to get help when you need it with your account.
Online Access
Another feature to look for in a personal checking account is online access. Many banks offer online checking accounts, which means you can access your account online to see your current balance, upcoming payments, recent transactions, and more. This feature can save you a lot of time and effort by allowing you to check your account online at any time and from any location.
In Conclusion
Personal bank checking accounts are a great way to simplify your financial life. With a checking account, you’ll be able to easily make payments and manage your money. However, finding the right checking account can be tricky unless you know what to look for. This will make it much easier to find an account that meets all of your needs.
