While every person and situation is unique, there are a few basic ITTT scenarios when it comes to checking accounts. For example,
If you regularly carry a balance of more than say $2,500, then you might as well enjoy the benefits of a high-yield checking account. These come with no monthly fees and offer you a chance to get your money working for you.
If you have bounced many checks, had an account closed in the past, or have many unresolved bills, you may be limited to which accounts you can open. If this is your situation, a second-chance account may be your best option.
If you need to share your account with a business partner, spouse, or older child, a join account is helpful.
If you’re still not sure, read through some of our other articles about checking accounts to get a better idea of which one is suitable for every situation.