What to Look for When Opening a Checking Account

When you decide to open a checking account, it’s essential that you find the best one to fit your needs. You can’t just search “open checking account near me” to choose a bank. It’s essential that you find a checking account with specific features that will benefit your financial life.

When you decide to open a checking account near me, it’s more than just a place to park your money. It’s a place to protect and grow your savings, mitigate potential risk, and limit withdrawal access to those named on the account. While each account is different and may offer different features, here’s what to look for when deciding to open a checking account near me.

Interest Earning

When you open checking account near me, you aren’t just parking your money. You are partnering with a bank to protect your finances and grow your savings. It’s essential that you find a bank that offers checking accounts that earn interest. Since you’re parking your money in their institution, there should be a small reward for your balance. A checking account that earns interest is critical when you open a checking account near me.

Not only will you open checking account near me that earns interest on the money in the account, but the best banks will offer a way to avoid ATM surcharges and service fees. Everyone needs cash now and then when the bank is closed, and the ATM is the only option. When you use another bank’s ATM you often get charged twice for doing so. When you open a checking account near me at a great bank that values your business, they will help you avoid those fees with statement credits to offset the charges.

Preferred Rates

When you open checking account near me at a great bank that wants to partner with you and earn your business, they will offer you special incentives to convey that message. You may get preferred rates on deposit accounts or free money orders and cashier’s checks. There are banks with incredible service that offer both for their customers who open checking accounts near me. You may even get lower rates on home loans and personal loans.

Cash Back Rewards

To open a checking account near me with the best features, look for one that offers cash-back rewards. Since not all accounts are created equal, they don’t all offer this benefit so it’s important to ask. For instance, you may earn a small cash-back reward for each ATM transaction over a certain number in the statement period. You won’t earn a ton of money, but you will get some of your hard-earned money back at the end of the month.

You’ll also want to look for standard features like unlimited check writing and digital banking access. When you open checking account near me you should have the choice between paper and digital statements along with an overdraft line of credit. It’s more for peace of mind than anything else.

Open a Checking Account Near Me Today

If you’ve searched out ‘open checking account near me’ and you’re ready to start seriously looking for the best checking account for your purposes, consider a Five Star Bank near you. Look for a checking account that earns interest on the money deposited and offers preferred rates on other services just for being a valued customer. Cash back rewards on your checking account per monthly statement period is like the icing on the cake that says, “We want your business.” Look for these specific features when you’re ready to open a checking account near me today.