Personal Finance Tips : Checking Account Benefits

Transcript

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This is Financial Adviser Patrick Munro, talking about how to bank with the most benefits.
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Basically, as a consumer, it’s important for you to look at the overall situation of a
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bank, and how you want your relationship to be with that institution. One of the logical
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places is location. Location is a convenience for you. If it’s close to work, many times
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that will save you time, and of course money in this high cost of gasoline world that we
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live in. Also benefits; say if the bank offers pretty much a fee free environment; that is,
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they’re not going to charge you junk fees on checking accounts or savings accounts based
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on a certain amount of deposit that you give them. The more deposit that you give them,
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the less fees that they will have. That’s important to look at as well. Also, look to
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see if they have a mortgage department, a trust department, a credit card department
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as well, and and make sure that all those financial vehicles are at your disposal going
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forward. You can also go to bankrate.com to find many other banks, and find the one that
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will work with you the best. This is Patrick Munro, talking about how to bank with the
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most benefits.