How to Shop for the best checking account

If this is your first countdown or your fifteenth, the choice of a bank account should always be done with careful consideration. If random or whim, your new account can cause many unnecessary headaches, and even end up costing a lot of money in controlling rates. There are some questions to ask yourself to determine whether a bank meets the appropriate criteria for the appropriate bank for you.

1) The first thing to determine is what type of bank account you need, and it's yours to be completed by the bank. For example, do you want to have a brick and mortar bank you can walk and talk to a banker, if necessary? Or is it mainly operates online or distance, and thus requires a bank with strong capabilities online? This is a personal account or a business account? Some banks specialize in personal accounts or business, so it will be a good factor to consider. In addition, it is a good idea to determine the type of services you want in a bank, such as direct deposit, mobile banking, ATMs practice, etc. Once you know what you want and what you need, it is easier for a single bank account properly for you.

2) Ask your friends and family on which they do business and why. This is one of the best ways to tour, depending on their interests and word of mouth from people you trust. Doing research online is also crucial to reduce the list of banks that you listed. One of the biggest advantages of the Internet is the ability to read reviews of online businesses, and it is best taken with a grain of salt.

3) whether the gift banks are insured by the FDIC. This means that the bank is insured and regulated by the Federal Deposit Insurance Corporation. Before moving any background or the creation of a direct deposit into a bank account is a good idea to ensure that the bank provided by the FDIC to protect your money.

4) Do some research on the different types of accounts. If you know for sure what kind of account you are looking for step 1 (above), then you can perform this step, however, it is a good idea to know what options are available for reference another account type. Make sure you know the difference between a checking, savings and money market accounts, and what interest rates are available to the money market, savings accounts interest-bearing accounts and win current interest.

5) One of the most important parts of choosing a new bank account, is to know about checking rates. A bank that does not charge is the best choice, but there are banks with low rates or minimum requirements. The key is to ask questions on any and all costs associated with the account, the bank charges in particular hidden and minimum monthly fees for are not met. It's also a good idea to ask about overdraft protection, taking savings to cover the money taken from your checking account. Many banks offer no additional charge.