of bank services and associated fees. This may help you determine your needs. To get started, ask these questions: How often will you have to withdraw money from your account? Do you have enough cash available to meet a minimum balance requirement for a no-cost or interest-bearing checking account and will you be able to keep that amount in your account? Do you have time to get to the bank during banking or do you need a bank that is open nights and weekends? Would you like the option of banking online or over the phone? What to Look For When you choose a bank, you should first decide what type of bank you want to use. Once you have decided on the type of bank that best suits your needs, you can narrow your options by comparing different banks’ interest rates, fees and locations. Remember, credit unions also provide banking services. For a breakdown of the different types of banks see the table below: Type of bank Pros Cons National/regional Hundreds Charges banks or for services of are often branches higher Full May have range of large services minimum balance Multiple teller machine locations Some online banking Local/community More Fewer banks personal branches service
of bank services and associated fees. This may help you determine your needs. To get started, ask these questions: How often will you have to withdraw money from your account? Do you have enough cash available to meet a minimum balance requirement for a no-cost or interest-bearing checking account and will you be able to keep that amount in your account? Do you have time to get to the bank during banking or do you need a bank that is open nights and weekends? Would you like the option of banking online or over the phone? What to Look For When you choose a bank, you should first decide what type of bank you want to use. Once you have decided on the type of bank that best suits your needs, you can narrow your options by comparing different banks’ interest rates, fees and locations. Remember, credit unions also provide banking services. For a breakdown of the different types of banks see the table below: Type of bank Pros Cons National/regional banks Hundreds or of branches Full range of services Multiple teller machine locations Some online banking Charges for services are often higher May have large minimum balance Local/community banks More personal service Fewer branches
MoneyTalk%20Student%20manual.docx