Three Tips To Make Your Checking Account Work For You


When your to-do list seems never-ending, it pays to take time and make a few simple changes to your financial picture. One thing to consider is your checking account. This underutilized tool has the ability to maximize the amount of free time that you have and make boring errands a thing of the past.

1. Take Advantage of Online Bill Pay

Though most individuals have ditched mailing paper checks in favor of paying bills online, there is a simpler way to pay your monthly obligations. Instead of taking the time to visit the website of each and every company that you need to pay, set the company up as a payee using your checking account's online bill pay service.

It only takes a few moments to set up a new payee. Make sure you have your account number and the company's mailing address for the setup process. Then, when it is time to pay the bill, all you have to do is enter the amount to be paid. You can even set the bill up so that it is paid automatically, if you prefer.

2. Set Up Automatic Transfers

Automatic transfers have a couple of advantages, such as promoting better budgeting and saving. Each month, a specified amount is transferred to your savings account or secondary checking account. This ensures that you are funding your emergency fund and slush accounts before you spend the money on fun expenditures.

Some individuals prefer to have their savings accounts at a different bank, such as FCN Bank. If this fits your situation, set the transfer up using online bill pay. All you have to do is set your savings account up as a payee, and each month, a specified amount is sent to the savings account from your checking account.

3. Get Mobile Using Your Smart Phone or Tablet

If your bank offers a mobile app, take advantage of it. Mobile apps offer a plethora of valuable services. 

With the mobile app, you can deposit checks from anywhere. This saves you from having to make rushed and inconvenient trips to the bank before it closes.

You may also use the app to pay bills and monitor your transactions. Some banks allow their customers to set up alerts. Alerts may be set up to notify customers when a deposit clears or when the account balance dips below a designated point. Customers may receive alerts via phone notifications, text message, or email.

When life feels overwhelming, it makes sense to take a few moments to check that you are getting the most from your bank account. Follow these easy tricks to save time and money by taking advantage of your account's features and benefits.


30 September 2016

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