Finding the checking account that’s right for you can seem incredibly daunting with so many options to choose from. CNBC recently released an article on what to look for when you’re on the hunt for the best checking account. You can view the full article here, but below we’ve listed what to look for, and compared it to our Associated Checking account to see how the guidelines match up to what we offer.

• Insurance
  • CNBC advises finding a checking account that is insured through either the Federal Deposit Insurance Corporation (FDIC) or National Credit Union Administration (NCUA).
  • All of Associated Credit Union’s products are insured by the NCUA. 
• Minimum Balance Requirements and Fees
  • If you’re going to sign up for an account with monthly fees, you want to make sure you’re getting your money’s worth.
  • Associated Checking doesn’t require a monthly minimum, so long as your account remains positive. Additionally, the $4.95 monthly fee includes many added perks such as Identity Theft Protection, Cell Phone Insurance, and discounts on events.
• ATM Network
  • If you tend to pay with cash, you’re going to want a large network of ATMs to withdraw cash without fees.
  • Associated Checking allows you access to over 30,000 ATMs nationwide, that won’t incur a fee when pulling money from your Associated Checking account. You can use the ACU Mobile App or the location finder on our site to locate the ATMs closest to your home, or while you’re traveling.
• Interest and Rewards
  • Checking accounts aren’t meant to hold large sums of money for long-term interest. Some checking accounts do, however, some have an above average interest rate – which is something to consider when looking for the perfect checking account for you.
  • Associated checking accounts with $2500 and above receive a compounding monthly interest rate of 0.0499%. 
• Mobile App Features
  • While the financial terms are important, the additional features of a checking account are important to look for as well. Looking for a user friendly app that gives you benefits on the go will be a great resource.
  • The ACU Mobile App and ACU Wallet App allow for mobile check deposit, ATM location services, turning your card ON and OFF, real-time transaction alerts, and much more that will keep you safe and accessible on the go.

Defining the checking account essentials is the first step to finding the checking account that meets your needs. To find out more about Associated Checking or opening an account with ACU, visit our site.