Finding a Bank You Can Trust

One of the most important decisions you can make is choosing the bank where you will put your money. If you have recently moved to a new city, you may be on the hunt for a local bank where you can open a checking or savings account.

Below are some ways you can determine the best bank to keep your money.

Interest Rates

While most banks have very low interest rates on checking and savings accounts, there may still be some discrepancies between various banks.

Make a list of all the banks in your area like Columbia Bank Linden and some other banks. Assess their checking and savings account interest rates and make a direct comparison. The two that are at the top of the list should remain in your consideration.

Overdraft Policy

It is not pleasant when you end up getting an overdraft fee of $25 or $35 each time there is a charge on your checking account and you do not have enough money.

The best banks have a policy of not charging any overdraft fee. They will decline the transaction, inform you of the decline, and give you a chance to add money to your account before you retry the purchase.

Columbia Bank
701 N Wood Ave, Linden
NJ 07036, United States
Phone: +1 908-925-1111

Overdraft fees add up very quickly, which is why you must ensure they are not a policy of your next bank.

ATM Fees

Most local banks will have ATM machines at all their branches, along with machines in select parts of the city. Depending on how much you travel, you may want to assess the availability of the bank’s ATM machines in the areas you visit.

It is much better to use your bank’s ATM, as you may be hit with a $1 to $5 charge when you use a third party ATM machine to withdraw money.

By following these steps, you can pick the best bank to put your money when you move to a new place.