How to choose a checking account

In this article we present a series of elements that you must take into account to choose a current account . Current accounts are those bank accounts that allow the necessary operations for day to day, so you must choose it taking into account your needs. Basically there are two types of current accounts : those that are aimed at young people and do not charge commissions (or are very low); and payroll accounts where the basic requirement is the payroll domination.

one

Good current accounts do not usually have commissions . However, many entities apply maintenance fees or for certain operations that are performed. In any case, before opening a current account it will be necessary to know the commissions that are going to be applied and if there is any possibility of their being withdrawn. In this way, you can compare before deciding on a bank and opening the account, since some banks do not apply maintenance fees, for example.

two

Currently many current accounts offer profitability . Before deciding on an account or another, it would be necessary to be informed about whether the APR applies to a specific period. Many times, what seems like a higher return is only for a small time.

3

Another element to look for before choosing a current account is the return of receipts . It is about returning a percentage of your main receipts to a certain amount (for example, 2% of your main receipts up to 20 euros). If you calculate it carefully, this element can be more important than a high profitability; but it is always convenient to make numbers.

4

Another aspect to consider in order to carry out the election is the payroll advance. Some current accounts offer the possibility of anticipating your payroll if you need it a certain number of times. In this way, you could face defaults in your case and avoid commissions of the discovered type, for example.

5

Before choosing your current account you should inform yourself about the possible cards . Whether they are credit or debit you must ask for their cost and the associated interest rate in their case.

6

Think about your needs and your usual way to carry out banking operations . You can save good money, for example, with a current account that operates exclusively online. Remember that according to your needs, these operations can be done by phone, in the office and / or online.

7

Finally, it is a great claim. More and more users open their current accounts for promotions and gifts offered by entities. Many banks launch attractive promotions or give away products when selling their current accounts . It will always be necessary to take into account the commitment of permanence that supposes and if we are going to apply some type of commission with the passage of time.