Watch Related Videos
comments
If you want to open a new bank account, the best thing that you can do is exercise some due diligence and shop around for the right deal. Here is the process:
Step #1: Determine What Banks Are Local
Find out what banks are available in your local area. Not only are there banks, but also other financial institutions such as credit unions for you to choose from. Once you know what banks and other financial institutions are available, you can start weighing your options.
Step #2: Examine Fees and Accounts
Different banking institutions have different types of accounts and different fees to take advantage of. Call each one or visit their website to find out what their current offering is. What incentives are they offering in order to get you to join their bank? Will you benefit only on the short term or in the long term as well?
Step #3: Compare and Contrast
In order to open new bank account on the cheap, you should compare and contrast the information that you have to figure out which banking institution is going to best serve your needs. Try to find one that offers low or no fees as well as free checking and free bill pay for the best results.
Open A New Bank Account On The Cheap
