Having a bank account is pretty common in America, and it’s easy to see why. Banks don’t just keep your money safe; they offer a lot more, like credit cards and loans, and many free resources you might not even be aware of.
For many people, a bank is the first place they go to learn about managing their money. Opening a checking account at most banks is free, and by maintaining it properly, you can take advantage of various free services they offer. Here are some of the perks you can get:
1. **Breaking Down Your Cash**: With the economy always changing, breaking large bills into smaller amounts can be tough, but you still have the right to do it. This can be a helpful way to budget and control your spending. Most banks will give you smaller bills without charging you. If you often deal with cash, it’s smart to pick a well-known bank with multiple branches nearby.
2. **Account Opening Bonuses**: You can actually earn free money just by opening a new bank account. Some banks offer bonuses that could add up to hundreds of dollars. Usually, though, you’ll need to meet some conditions like depositing a specific amount for about 90 days or setting up a direct deposit. Be sure to check the requirements to make the most of these bonuses.
3. **Stop Payment Fee Waivers**: Some banks will waive the fee for stopping a payment as a courtesy. This can come in handy if you notice a suspicious transaction or if a payment goes through too early. Make sure to report such issues to customer service right away.
4. **Notary Services**: Many banks offer free notary services to authenticate legal documents. Always call ahead to check if a notary will be available when you visit.
5. **ATM Fee Waivers**: Even though digital payments are on the rise, ATMs are still essential for getting cash. Some banks waive ATM fees, which is great if you need cash often.
6. **Free Checks**: While digital payments are very popular, checks are still useful. Some banks provide free checks, which can be particularly helpful for those who don’t use the internet much or for older adults.
7. **Fraud Protection**: Despite ongoing efforts, fraud remains an issue. Banks offer free resources to help protect you, such as fraud alerts and security features like special passwords and two-factor authentication.
To make the most of these free services, find a bank that suits your needs. While some freebies are pretty standard, their availability might depend on the bank’s policy. It’s always good to chat with your bank to get all the details.