Here are six tips that can help you to better utilize your checking account to fit your needs.
Automate Your Bills
One of the best things about having a checking account in the 21st century is you can utilize it to send out automatic payments for your bills. This means that you don’t have to sit down and write out checks. You don’t even have to remember to log in to your online accounts to make transactions.
Get Direct Deposit
Yes, there are still some banks that don’t offer this for your checking account. You should ensure that the checking account you sign up for allows direct deposit. This way, you can get directly paid by your employer and get access to your money sooner.
Look Into Cash Back Benefits
Many checking accounts will offer you a cashback bonus percentage for specific types of purchases. For example, some banks may offer you five percent cash back for purchases from grocery stores or gas stations.
By understanding the benefits, you can more knowledgeably use your debit card to earn cashback rewards for your checking account.
Opt for Low Balance Alerts
One great feature that many banks offer is the ability to get notifications when your balance hits a certain amount. You can set the threshold at whatever number you want to. This will allow you to know when your bank account is getting low so you don’t end up overspending and getting charged overage fees.
Use Bill Pay
One nice feature that many bank accounts offer is bill pay. This feature allows you to pay bills for your regular monthly expenses via your checking account. This takes the effort out of having to log into all your individual billing accounts to submit payments.
other valuable tips:
Take Advantage of Mobile Deposit
Most banks offer mobile deposit as a feature for their checking accounts. This easy deposit feature allows you to simply take a picture of your signed check and submit it to your account. You’ll typically get credited within a few minutes.
Your checking account is something that you should pick with care. When you choose the right one, it can provide you with tons of cool features that will make your life easier. To get you on the right track, make sure you choose a checking account with the above six features.
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