At this very moment, you’re losing money. With each second passing by, your next vacation to the Bahamas, that flat screen TV you’ve been eyeing, the luxury car you know you should be driving, they’re all slipping through your fingers. Why? Because you have the wrong type of bank account. Or worse, you don’t have one at all. And that simple decision is ripping. you. off.
So you must be wondering, how does that checking account mean that next vacation? Your financial institution has never, not even once, flown you out to the Bahamas (rude, I know, we’re sorry). However, each type of account comes with a variety of benefits that can help get you there.
Proof
Many Americans lose money everyday because they pay their bills with cash, leaving no proof of payment. Companies don’t always keep documented proof of receiving cash payments, which can lead them to believe you still owe the $600 you paid in cash a few days ago. It’s much more secure and convenient to do payments through an account where a transaction history is recorded as proof of payment, saving you hundreds of dollars in lost fees.
How SafeAmerica Can Help You:
With our free Online Banking & Bill Pay, you have total financial freedom with convenient and secure access to your account balances and transaction history for savings, checking, money market, credit card and loan account anytime, anywhere. We understand the stress of monthly bill payments and finances, and make it easier on you with 24/7 access to free bill pay to pay bills, receive electronic bills, and send money to family or friends—from the convenience of your laptop or mobile phone. Set up a free account today and save money like you never have before!
Get Paid More
Many people receive their income in the form of a check, which many institutions charge a hefty fee to cash. By having to pay for cashing that check, you’ve already lost a portion of your hard earned money. By setting up deposits to your checking account, you get paid in full and you’re doing your time—and salary—justice.
How SafeAmerica Can Help You:
With our simple and straightforward direct deposit system, get paid—for free. We believe making money shouldn’t mean losing money. Live your paycheck to the fullest with SafeAmerica Credit Union.
Keep Track
Let’s be real, shopping is fun. Whether it’s for that designer dress or for new speakers in your car, it’s gratifying— and growingly easy—to spend a lot of money in one place. Using cash for such spending can quickly get out of hand, and before you know it your wallet’s empty and you’re not quite sure where that $1,000 went. Virtually all financial institutions allow for mobile tracking of your account, so as soon as you spend money on your debit card you can see how much has been removed from your account and how much you have left. There are even apps like Mint which log how much money you have spent and how it relates to your monthly budget, your savings goals, and your income. Totally simplifies keeping track of how much money you have saved up for the Bahamas, doesn’t it?
How SafeAmerica Can Help You:
Tracking your spending shouldn’t be another full time job, you have one already! Our online banking gives you access to money management tools to build a budget, categorize monthly expenditures, and keep track of your monthly spending. With our help, you’ll be getting on your flight to the Bahamas sooner than you think!
Returns
Many financial institutions also offer great returns on checking accounts. Most credit unions tend to offer higher returns than those of banks, and you actually make money just by keeping your money in a checking account. Instead of having your money quietly sit at home, you could put it in a checking account and watch it grow!
How SafeAmerica Can Help You:
SafeAmerica offers 2.00% APY* on its Kasasa Cash Checking accounts, giving you the most bang for your buck. Let your money grow with SafeAmerica Credit Union.
With our smart banking tips and a little bit of help from your local SafeAmerica Credit Union, you’ll be in the Bahamas in no time!
Citations
“5 Reasons Why You Should Have A Checking Account.” Everything Finance.
