How to Choose a Checking Account that Works for You

By Jennifer Tucker
October 21, 2022 | 3 Min. Read

If you think all checking accounts are created equal, you might be in for a surprise. While checking accounts are one of the most common banking products, you now have more choices than ever before. With all the options available, how do you know which bank account is right for you?

Before you open a free checking account, it’s helpful to consider whether it meets your everyday banking needs. Here are some of the most important things to think about:

Access to mobile banking

These days, there’s an app for that. Your checking account is no exception. Mobile banking can change how you use your checking account and often makes managing your money easier. Depending on the account you choose, mobile banking will enable you to:

  • View your balance in real-time
  • Deposit checks
  • Make bill payments
  • Make loan payments
  • Transfer money
  • Lock and unlock your debit card
  • View your FICO score
  • Find nearby ATMs

Mobile Banking at Marine Credit Union gives you a better, faster, and easier way to take control of your finances.

Fees and fee avoidance

Many financial institutions charge a monthly service or maintenance fee for a checking account. Be sure to understand these fees or what’s required to avoid them. For example, some banks or credit unions require a minimum balance, a certain number of debit card purchases, or other transactions. Research the requirements before opening an account so you aren’t caught off guard by fees you didn’t expect. Compare accounts and their rules to see which account is best for you and your everyday banking.

Overdraft protection

Many banks offer options to help you avoid fees if you overdraw your account, like enrolling in overdraft protection. This allows an automatic transfer from another account—like your savings account—if the balance in your checking account becomes negative. While it’s still important to monitor your account daily, overdraft protection can help keep your account in good standing.

At Marine Credit Union, you can add our CoverIt overdraft program to your checking account and breathe easier when money gets tight. CoverIt gives you a $50 grace zone each month, so you have a safety net for life’s ups and downs.

Features to help you take control of your money

Opening a bank account gives you control over your finances. The features and tools tied to your checking account will help you set up direct deposit, manage bills, make payments, and more. Plus, many accounts have debit card controls, which can help you manage your spending or create new money habits by turning your card off and on with the click of a button.

Digital account opening

For added ease and convenience, many financial institutions offer digital account opening, saving you a trip to the bank to open an account. Whether you decide to open your account online or in person, it pays to be prepared with all of the information you’ll need for account opening.

Open a Checking Account with Marine Credit Union

When you open a Marine Credit Union Checking Account, you open new possibilities. We can help you find the checking account that’s right for you.