Personal finance management can be compared with how you got your money from your piggy bank as a child and spent it on whatever you want. Something similar happens when you get older, but with completely different priorities. Managing your capital goes from cash to current and savings accounts, as well as to credit cards. It is time to open a checking account in a bank today in order to be able to manage your money qualitatively, regardless of your goals for which you want to use it.
However, it is worth remember that there are various bank accounts and you need to choose the most profitable among them in order to get the most out of your money. Therefore, when you open a checking account, you must understand its features in order to get more benefits.
We have prepared a selection of the five best options to open a checking account, which are now available on the banking market.
- Chase Total Check
Chase The total check is worth considering because of the higher sign-up bonus and low monthly fee, subject to certain rules. If you don’t receive a $ 500 direct deposit every month, maintain your account balance daily at $ 1,500, and save $ 5,000 in linked Chase accounts, then you will be charged a monthly fee of $ 12.
Before you open a checking account in Chase Bank, ask your banker about all the details so that you do not overpay $ 12 each month, which will turn into $ 144 per year. You must understand all the requirements that apply to your account.
As for the registration bonus, you can get it in the amount of $ 300, subject to receiving any amount of a direct deposit within the first 60 days. To do this, you need to open a checking account in one of the branches of the bank.
- PNC Performance Checking
Another of the best bank accounts from PNC Bank is PNC Performance Checking. However, you should pay attention to the fact that PNC also has the programs Performance Select and Performance Spend, which make more demands when you want to open a checking account.
Basic Performance Checking would be the best option for you if you are not too experienced in managing your personal finances. You can open a checking account online at the bank’s website, and if you follow certain rules, you can receive a $ 200 bonus.
In order to receive the bonus, you will need to make at least 10 purchases using a PNC debit card, receive direct deposits in the amount of $ 2,000, and these conditions must be met no later than in the first 60 days from the date of opening the account.
There is another additional condition – it is maintaining the payment cycle at an average level of $ 2,000, and then you will avoid the monthly fee of $ 15 for non-compliance with the latter condition.
- TD Bank Convenience Checking
You have a good reason to open a checking account in TD Convenience Checking, because you will receive a $ 150 sign-up bonus. This is certainly an attractive offer, but you must also understand that the direct deposit condition is attached to it. You need to accumulate $ 500 in direct deposits in less than 2 months.
In addition to this condition, there is also the fact that you should not go below $ 100 a day to avoid paying a monthly fee of $ 15. Always try to keep no less than $ 100 in your account.
A fee of $ 15 is the only requirement attached to your account. You can also open a checking account using the online service. The registration process is very simple, and the money is always available to you, wherever you are. Download the TD Bank application and you will be able to use all the features offered by your Convenience Checking account.
- Consumer Credit Union
Also you can open a checking account not in the bank. Consider doing this in one of the consumer credit unions, which usually offer zero fees, and also offer to earn on interest rates for their members. In addition, there are no rules for storing certain amounts of money and minimum deposits.
When you achieve gradual contributions of a balance of $ 10,000, then you will begin to receive income as a percentage. Yes, at first it may seem like a difficult sum, but over time it is quite realistic.
- Simple Checking Account
Now, besides traditional banks and credit unions, there is such an opportunity to open a checking account using online banking systems such as Simple. It is a traditional bank, simply created for convenient management via a smartphone, without the need to visit any branches of banks or other financial companies. There are no restrictions on the balance of funds or overdraft.
The entire banking system here is presented in the application on your smartphone, through which you can do almost anything with your account. You can pay with a card everywhere, but if you need cash, the application will show the ATMs nearest you from the entire 40,000th network.
You can open a checking account in Simple and get all the opportunities that any banking system provides you.
You are the only person who can best determine for yourself the best options for storing your money, although in some cases you may have questions or doubts. In order to dispel doubts and get answers to all your questions, you can contact the specialists in finance. Just email us and we will provide a full consultation.