Considerations:

• Size of institution• Location• Years in business• Rates of interest• Availability for emergencies

Considerations:

• Types of checking accounts• Monthly service charges• Insured• Convenience for making deposits &

withdrawals / cash machines• Personal services

Considerations Cont.

• Atmosphere & community support• Fees• Types of loans offered• Checkless transactions• When deposits are available to you• Direct deposits/withdrawals

Expenses:• Overdraft fees• Stop-payment fees• Return check charges• ATM charges• Replacing a lost ATM card• Account balance statement

Expenses cont:• Debit card fees• Closing an account within the first year• Inactive accounts• Too many withdrawals from savings

account• Automatic transfers from savings to

checking

Expenses cont.

• Using counter checks• Visiting a safe deposit box too often• Depositing bags of coins - lost coins• Teller assistance• Getting a check certified• Traveler’s checks fee