Opening A Checking Account in 3 Easy Steps
Opening a checking account can be confusing for some, but it doesn’t need to be. The key is to be informed and to plan ahead. Here are three easy steps to guide you through the process.
Step 1: Do your homework – Research the banks you are most interested in and compare them with the items that are most important to you when it comes to banking. Review the various account options, benefits, and always be sure to read the fine print. If there’s too much fine print and you’re overwhelmed, it’s a good bet that the account isn’t for you.
Step 2: Be prepared – Switching your checking account from one bank to another is the most difficult part of the process, but advance preparation will make this go smoothly. Make a list of automatic payments and direct deposits you will need to move to your new checking account. Determine how much money you’ll need to leave in your current account to cover transactions that are still outstanding. If you’re sure you have enough, it’s then safe to begin transferring automatic payments and direct deposits to your new account. Once all outstanding transactions have cleared, you can now withdraw any remaining funds and close the old checking account.
Step 3: Stop by a branch – Now that you’re ready to officially get started, visit the website of your newly chosen bank, find a branch location nearest you, and schedule a visit. While you’re there, talk to the bank personnel opening your account about any future financial plans you’re considering. They may be able to help you plan and even suggest solutions to help you attain your financial goals. Finally, get to know your bank tellers, representatives and other personnel. The more you trust them, the better you’ll feel about the decision you made.
Check out ENB and learn more about our community bank approach and our truly free checking account.Back to Blog >