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Tips for Getting the Most out of Your Checking Account

Tips for Getting the Most out of Your Checking Account - The Beacon

09-2016

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By: Jackie

Tips for Getting the Most out of Your Checking Account

The Federal Deposit Insurance Corporation (FDIC) Consumer News Summer 2016 has just been released, and your BBB® would like to pass on some of the tips it contains on choosing and using the right bank account.

The FDIC article offers these tips before you open an account:

Think about how you handle your money:

Compare bank products and services:

According to the FDIC article, federal rules require certain information to be disclosed to consumers before opening an account. Read the bank account’s terms and conditions carefully to make sure you understand potential fees and when they may be assessed.

The FDIC article offers these tips after you open an account.

Follow your transactions and balance your account:

Learn how to avoid overdraft fees

Have your pay direct deposited

Investigate ways to earn more interest on your money

Protect your accounts from theft and fraud

For more information you can trust, visit bbb.org/evansville.

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Jackie

Jackie is the Operations and Education Foundation Assistant with the BBB. She assists consumers with business inquiries, and does presentations to senior groups and high school students. She is a regular contributor to the blog.