Most of us have been through the process of opening a checking account at some point in our lives, but it’s important to understand that not all bank accounts offer the same features or benefits.
The average checking account comes with a slew of features, but it’s important to know what kinds of checking accounts are out there and how they compare. The best one for you will depend on how you like to bank, how often you need to use ATMs and where you shop. You will maximize convenience and avoid bank fees by choosing the correct type of checking account.
To find the best banks checking accounts for your needs, check out the guide below:
Types of Banks Checking Accounts
1. Traditional Checking
Traditional Checking is an affordable checking account for anyone 62 years or older. There’s no minimum balance required, and you’ll even get a waiver on your monthly service charge if you meet this age requirement.
With Digital Banking Included, you can access Bill Pay, Mobile Check Deposit, and P2P Payments from your computer or mobile device. And with surcharge-free ATMs nationwide, it’s easy to get cash when you need it most.
Traditional Checking is the best fit for you if you want to easily keep track of your finances, with a mix of convenience and protection. First Order of 40 Standard Checks Included allows you to start writing checks right away and optional paper or eStatement allows you to choose how you want your statements to be delivered.
2. Plus, Checking With Cash Back Rewards
If you’re looking for more than just a checking account, Plus Checking offers many features to help you save on ATM fees and enjoy cash back rewards. You’ll get your first order of 40 standard checks at no charge.
The Plus Checking account has many perks including an Overdraft Line of Credit that is available when you apply and are approved for credit. Save more with Overdraft Transfer from Savings Account, too. You can withdraw from surcharge-free ATMs nationwide. This comes with digital banking features like P2P payments and Bill Pay.
3. Premier Checking Account
The Premier Checking account is a great option if you’re looking for flexibility and more benefits. You will get cashback rewards, earn interest, and get better rates.
You’ll also enjoy digital banking with mobile check deposits and have access to free ATMs nationwide. There is also an overdraft line of credit available, which is subject to credit approval and application. The account also includes a savings overdraft sweep (Overdraft Protection), unlimited check writing, and an optional paper or eStatement.
If you pay your bills with direct deposit or have a relationship or mortgage loans or other consumer credit accounts, Premier Checking can be the most convenient way to handle your financial business. You can get ATM fee credits each statement cycle and preferred rates on home equity and personal loans. The account also has no money orders and cashier’s check fees. Also, if you want to earn interest on your money, this is the account for you.
If you overdraw your premier checking account, the bank may transfer your funds from your savings account at zero cost. There are also several ways to save money, including earning cash back on debit card transactions.
4. Progress Checking
Progress Checking is a checking account with all of the features you need, including no overdraft fees, no minimum balance, or monthly service fees. With the Progress Checking account, you can take advantage of digital banking features like Bill Pay, P2P Payments, and Mobile Check Deposit. You’ll also have access to surcharge-free ATMs nationwide. Plus, there are no overdrafts or NSF fees.
You can also take advantage of our free money orders and optional paper or e-statement options. If you want to make payments online or through a mobile app, the digital banking features Bill Pay and P2P Payments features are included.
Summary
You can use a checking account to transfer money, write checks, make purchases, receive your paycheck, pay bills, and other services. The bottom line is that a checking account can be a useful resource for you and your family, whether it’s simply checking, interest, or membership perks. Make sure you and your loved ones pick the checking account that best fits your needs and interests.
