What are important things to consider before opening an account?
- Maintaining Balance: Choose that which you are most comfortable with and which you can maintain every month, otherwise, you will be charged if you go below the maintaining balance.
- Overdraft protection: This bank feature links the funds to another account that will cover it in cases when you go below zero balance. It is also relevant that you ask for the overdraft interest since it is wise to choose that with a low overdraft interest.
- Interest Earning: Check if the bank offers competitive interest earnings and see if they require a minimum balance along with this earning.
- Charges and Fees: Check if there is a monthly fee for the account or if there is a charge for checks written.
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