Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies.

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Presentation transcript:

Considerations: Size of institution Location Years in business Rates of interest Availability for emergencies

Considerations: Types of checking accounts Monthly service charges Insured Convenience for making deposits & withdrawals / cash machines Personal services

Considerations Cont. Atmosphere & community support Fees Types of loans offered Checkless transactions When deposits are available to you Direct deposits/withdrawals

Expenses: Overdraft fees Stop-payment fees Return check charges ATM charges Replacing a lost ATM card Account balance statement

Expenses cont: Debit card fees Closing an account within the first year Inactive accounts Too many withdrawals from savings account Automatic transfers from savings to checking

Expenses cont. Using counter checks Visiting a safe deposit box too often Depositing bags of coins - lost coins Teller assistance Getting a check certified Traveler’s checks fee