Some Questions to Ask Before Opening That Free Checking Account
With so many options available, finding a checking account that works for you can be confusing. Whether it’s your first time or your fifth time opening a new account, it’s now more important than ever to perform your due diligence before making a decision. Doing so will help you avoid unexpected fees and find a banking partner that provides the convenience you require.
Some things to consider before opening a checking account are:
- Is there a minimum balance or other requirements to avoid a fee?
- Is there convenient access to fee-free ATMs?
- Can I access my account easily?
- Is the financial institution FDIC insured?
- Will I be charged to receive statements by mail?
- What are the fees if I overdraw my account and can the bank help me avoid them?
- Will I be charged for using any online services?
- Will I be charged to talk to a live person?
Once you’ve considered these items and made your decision, you’ll need to gather some information before opening your account. You’ll need identification, an initial deposit, (most banks allow cash or checks), and a parent, if you’re under 18.
Some banks let you open a checking account online, which can be a convenient option if you know exactly what you want. If you have questions, especially about fees and how to avoid them, we advise speaking with someone in person. At ENB, we’ll answer your questions and find the checking account that works best for you. Best of all, we offer truly FREE checking with no minimum balance, direct deposit or transaction requirements.