A Banking Package That Suits Your Needs

Tree Langdon

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The right debit card will suit your banking needs.Photo byChristian Pérez on UnsplashonUnsplash

I used to get frustrated with my bank because I would pay a monthly fee. Then they would charge more for things that I thought should be included.

One month, I realized I’d been charged over $25!

When I called them, they were happy to review my account. They suggested I switch to a different monthly package that cost a bit more than the one I had. It included more transactions, so overall, it saved me money.

I spent some time checking out the options they had to offer and realized they were right. The package they suggested was the best one for me.

How do you know which package to choose?

The best package depends on your needs. It can depend on your relationship with the bank. Having several different products or cards with the same bank can sometimes be beneficial.

Banks charge for each transaction, although deposits are usually free. It can get costly if you use your debit card a lot. Some packages give you a set number of debit transactions. Other packages allow unlimited debits.

If your needs are simple and you don’t have a lot of transactions each month (under 10 or so), you can get the account with a lower fee. When your banking needs change, you can upgrade your package to suit you.

If you are a student, most banks will reduce their fees. You may need to bring proof of registration to the bank to show that you are currently registered.

If you bounce a check, the penalty charged is quite high, often around $30. If this is something you might do, ask for overdraft protection. This is available for a monthly fee, which might save you a lot of money if you do tend to bounce checks.

Reduce fees by closing accounts at other banks if you’re not using them.

If you have a credit card, it should be with the same bank as your main accounts. Sometimes there is a reduced annual fee on the card if you are a customer of that bank.

Check your Banking in 6 Easy Steps

1. Look at your monthly statement. See if there is one monthly charge plus additional fees during the month.

2. Do a bit of research online to see what options are available. It’s always a good idea to be informed about what is out there.

3. Call your bank and ask to speak with a customer service representative or call their helpline. You can change your banking package without visiting the branch.

4. Ask if you have the right package for your banking needs. Also, ask if there is anything that you could do to be eligible for a lower fee.

5. Based on what you know from your research and what is offered, chose the best package for your situation.

6. One final step, watch your bank account for a couple of months to be sure that the fees are correct and that the package you chose is a good one for you.

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I love to connect humanity to technology. I write news, and fiction, exploring Worldview plots. Was a CGA/CPA in a past life. I have a lot of life experience. Parenting, Art, Finance, Investing, Auditing, Project Management, Writing, Story Grid Method, Science, Forensic Anthropology, Extensive overseas travel including Asia, Greece, Thailand.

Seattle, WA
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