How To Choose a Checking Account

 In theory, choosing a checking account is a simple and straight-to-the-point process. But if you’re wondering how to choose a checking account that offers more value, you may need to do a little more research to find the right checking account for you.

 Woman on laptop looking up how to choose a checking account

CCCU shares four tips that can guide you in choosing a checking account.

1. Pay attention to monthly fees and minimum balances

Most financial institutions charge a monthly fee between $4-$25 but it can be waived if you meet certain requirements. Some will require you to maintain a minimum balance in your account or set up a monthly direct deposit that will help waive the monthly fee.

2. Ensure that online banking and in-branch banking are accessible

Choose a financial institution that offers both online and in-branch banking. Online banking is one of the convenient ways to pay your utilities, deposit checks, and monitor your banking activities 24/7. However, if you require assistance regarding a serious matter, you have the option to visit a physical branch.

3. Don’t miss out on different perks and incentives

Some checking accounts offer a variety of perks and incentives. For example, some accounts can waive ATM fees if you use out-of-network ATMs. Others will offer a cashier’s check and money orders at no charge. Many credit unions offer more specific perks like mobile phone protection, identity theft protection, and other member-exclusive discounts.

4. Get paid for using a checking account

Unlike banks, credit unions will typically offer a checking account that pays dividends. Qualified members of the credit union can receive a dividend that gets deposited into their checking account every month.

Talk to your local credit union to find out how their dividends work so you can get the most out of your checking account. At Clark County Credit Union, Bonus Checking pays its account holders 4.07% APY on balances up to $25,000!

5. Choose a financial institution that prioritizes your needs

When you partner with a financial institution, you should carefully review their checking account options to find the specific account that aligns with your finances. Whatever direction you go, choose an institution that puts you first and deeply understands your financial needs.

At Clark County Credit Union, we offer a variety of checking accounts that are suited to the needs of each member. Visit our checking products page to learn more about our checking account options or call us at 702-228-2228!