Top 5 tips for getting the most out of your checking account

Top 5 tips for getting the most out of your checking account

In this article, you will find a few tips that can help you manage your money and get the most out of your checking account. Get ready to learn the best way of administrating your account. Keep reading to learn all about your checking account!

In this article, you will find a few tips that can help you manage your money and get the most out of your checking account. Get ready to learn the best way of administrating your account. Read on to find out all the details!

A checking account is probably the account you’ll use most often every day to pay bills, access cash, transfer funds and probably to deposit your paycheck. One of the easiest ways to get the most out of your checking account is to set up a direct deposit. Direct deposit is a fast and safe way to deposit money into your account, without you having to lift a finger.

A checking account is probably the account you’ll use most often every day to pay bills

Secondly, you must enroll in mobile and online banking! Enrolling in online banking means you can monitor your accounts, including your transaction history and your balance, simply by logging in. Mobile banking allows you to do the same via your phone or tablet. Additionally, by banking online you can quickly order checks, pay bills, transfer money, track spending, set alerts and travel flags, and manage your accounts from almost anywhere. 

You also need to take advantage of your debit card. With a debit card, you can access your checking account conveniently and securely, without the hassle of cash or checks. You can use a debit card at millions of locations worldwide, including places that don’t take checks, such as online merchants. 

Debit cards can also be used at ATMs for deposits, withdrawals and transfers between your accounts, and they work with digital wallets. With debit cards, your purchases and withdrawals are deducted directly from your checking account. Debit cards also offer security if your card is lost or stolen or if fraudulent purchases occur.

Debit cards can also be used at ATMs for deposits

What is more, if you have a checking and savings account at the same bank, it’s fairly easy to transfer money between your accounts. If you’re working toward a savings goal, like a spring break trip or a security deposit for your new apartment, consider setting up automatic transfers to your savings account at a time each month when you know you have a certain amount of money in your checking account. 

Finally, if you’re enrolled in online banking, you can set up alerts to notify you via email or text of certain activity. For example, you can set up balance alerts for when the funds in your account drop below a certain amount, which can help you avoid overdraft fees. Just make sure your bank has your up-to-date cell phone number and email address.

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