What is a Checking Account?
Checking accounts are designed to be used for everyday expenses. You can access your funds via your debit card, paper check, ATM, in-branch withdrawals, online transfer or through online bill payment.
Transactions using your debit card, through an online account, or in branch/ATM will have a direct and instantaneous impact to your account. Paper checks are also linked to your account, but can take a couple of business days to clear.
It’s important to ensure there are enough funds in your account before making a purchase so it does not result in an insufficient account and fee.
Managing a Checking Account is as simple as 1-2-3:
1. Know Your Balance
It’s important to know how much is in your account. This way, you can avoid an overdrawn account. Being aware of how much money you have will also help you stick to a budget and spend within your means. You can check your balance by phone to the credit union’s automatic system or via online checking through the credit union’s mobile app or a synced budgeting app.
2. Automate Your Finances
Make life a little easier by setting up automatic bill-payment through the credit union’s mobile app or online banking (It’s free. Sign up now!). You won’t miss the hassle of paying your monthly bills, and you won’t be late with your payments.
As a bonus, you’ll prevent the cost of postage and your bills won’t need to be dropped off in the mail! You can also set up direct deposit to have your paycheck deposited directly into your account. Automate your finances now!
3. YOU’RE BACK ON TRACK WITH YOUR FINANCES