Hey There, Had Enough of Those Pesky Monthly Checking Account Fees?
Well, mate! It sounds like you might want to give credit unions a whirl. Longing for greener pastures in the realm of finance? A credit union could just be your pot of gold at the end of the rainbow.
Free Checking Accounts – Not Yet a Thing of the Past!
Now here’s a little nifty fact for you! According to the diligent folks over at Bankrate.com, a whopping 72% of the largest credit unions in our star-spangled United States still bless us with genuinely free checking accounts. Plus, throw in another 26% who are more than happy to wave those pesky fees goodbye if members aren’t lazy with doing simple tasks like opting for e-statements or setting up direct deposit.
Little Big Banks – Losing Their Lustre
How do they stack up against the might of our national banks? Well, let’s just say, remember those free checking days just five years back when they enticed us with a majestic 65%? Yeah, they’re down to a rather unimpressive 38%. Not so mighty now, eh? Indeed, credit unions are starting to look like the belle of the ball in this financial dance.
A Penny Saved is a Penny Earned
Yes, there might be the occasional stumble when credit unions charge for checking account fees. But hey, we’re talking about a mere $2 – $3 per month – that’s like half of what the big names in banking demand! Worried about overdrawing your account? You’re not alone my friend. Lucky for you, credit unions will charge you an average of $26.78 instead of the much fatter $32.74 bill the banks serve up.
One Size Doesn’t Fit All
Ok, before you bolt to the nearest credit union, take a deep breath. These are unicorn zones and they may not be the right fit for every Tom, Dick, and Harry. To find out how to get the perfect shoe fit, check out our handy-dandy guide. Feeling resourceful? Bankrate.com has a pretty comprehensive list of credit unions who give you free checking accounts.
Wanna Learn Some More?
- Check out Money’s Bank Matchmaker – you’ll love it!
- Ever questioned if the bank is the best option? Think again.
- Wanna retire with more money? Who doesn’t? Let’s show you how.
- The behind-the-scenes names businesses pull on us without our knowing – juicy, isn’t it?