How to choose and open a bank account! (By: Amen Desta)

Bank accounts can help you manage your money and make good financial decisions. One of the very first steps in opening a bank account is choosing which type. They can be used as an easy access to money, and a place to keep money for both short and long term goals. This blog will discuss how to choose and open a bank account. Some tips that can help you find a bank account is searching for one that does not require large fees, offers a lenient overdraft policy, and high interest rates.To choose what type of bank account you would like to open it is important for you to also determine what you would like to get from it. Checking accounts offer different types of access to your money. For example debit cards, ATMs and personal checks. To open a checking account  you'll need a Social Security number, driver’s license and in some cases, a minimum deposit. Savings accounts are different in that they offer a safe place to keep your money, however they do allow access to funds in the event of an emergency. Like checking accounts, it is recommended to for a savings account to have lower fees and higher interest rates. Once you have set up your bank account(s) it is important that you monitor and manage them constantly. One way of doing this is signing up for notifications, and getting instant alerts.

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https://www.nerdwallet.com/blog/banking/faq-choose-checking-account/?trk=nw_gn_4.0
https://www.wellsfargo.com/goals-going-to-college/first-account/