Checks and Checking Accounts

1. Compare accounts. Banks usually offer several accounts to choose from with different features, fees, interest rates, opening balance requirements and so on.
   
   And remember that what's good for your parents or your friends may not be best for you.
2. Keep your checkbook up to date by recording all transactions, including ATM withdrawals, bank fees, purchases you make using a debit card, and any other deductions that do not involve writing a check.
   
   Also promptly compare your checkbook with your monthly statement or review your account information online or by telephone.
3. Avoid "overdrawing your account," which can happen if you write a check or otherwise attempt to withdraw (by mistake) more money than you have in your account. It also is possible to overdraw your account using your debit card at the ATM or when making a purchase. These transactions can be costly.
4. Consider Internet (online) banking. This service allows you to make payments or move money from one account to another through your bank's Web site instead of (or in addition to) writing and mailing paper checks. This saves on the costs of postage and buying paper checks.
   
   Online banking also allows you to monitor your account without having to wait for a statement in the mail.

First Federal provides this information as a convenience to its customers. It is not intended to be professional advice.  First Federal encourages you to consult with a qualified advisor before making any decisions based on this information.

Source: FDIC Consumer News