What should someone look for in an online bank? So where are the branches? And if I am to go out of town or something, how accessible is my money to me?" "How can that bank grow with you? If you are 25, single or newly married, and all you need is a checking account, that's going to look very different 15 years from now when you may have had a couple of jobs, you may have an IRA roll over, or you may want a financial adviser." Tania Brown, certified financial planner at SaverLife: What should someone look for in a brick-and-mortar bank? I would make sure the account pays a higher interest rate than the average bank account." If I'm searching for an interest-earning bank account I'll pay attention to interest rates. I would look to see what the requirements are for waiving the monthly service fee and whether I think I could feasibly meet those requirements each month. For example, some banks have accounts that charge monthly service fees. "I would create a list of what I prioritize most in a bank account. Sophia Acevedo, certified educator in personal finance, banking reporter, Personal Finance Insider: And a lot of people don't think about that, because there are places that don't accept MasterCard or don't accept an Amex." 1 thing about a checking account is you should know what provider the debit card is coming from. Mykail James, MBA, certified financial education instructor, : How can someone determine whether a bank is the right fit for them? (Some text may be lightly edited for clarity.) Here's what they had to say about finding a bank. We're focusing on what will make a bank most useful, including customer service, fees, rates, and more.
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