The Necessary Extras: Premium Checking Account Features

In the modern financial industry, checking accounts have become joint financial accounts that many individuals are currently handling. You can also consider this account when addressing various economic issues. A checking account has shown multiple benefits because it offers cell phone protection to users. Also, this account provides checking account travel discounts to the holders.

What Is Premium Checking?

What comes to mind when you hear the term “premium checking”? For some people, premium checking refers to a checking account with no monthly maintenance fee. Others might think of a premium checking account that offers interest on the balance.

In reality, premium checking accounts can offer both these features and more. Here’s a look at what you might find with a premium checking account:

• No Monthly Maintenance Fees

One of the most common features of premium checking accounts is that they do not have monthly maintenance fees. This can be a welcome advantage if you maintain a high balance in your checking account or don’t want to worry about a fee.

• Interest on Your Balance

While not all premium checking accounts offer this feature, some do pay interest on the balance in your account. This can be a great way to earn a little extra money on the money you already have. This means that your money can work for you even when not using it.

• Free Checks and Other Perks

Some premium checking accounts come with free checks or other perks, such as free online bill pay. This can be a great way to save money on the services you use most often. Also, many premium checking accounts offer special services, such as concierge service or 24/7 customer support.

• Higher ATM Withdrawal Limits

If you frequently use ATMs, you may appreciate the higher withdrawal limits of some premium checking accounts. This can be helpful if you often need to withdraw cash or travel frequently and need access to money while away from home.

What to Look for in a Premium Checking Account

When you’re considering a premium checking account, there are a few things to keep in mind. First, consider what features are most important to you. For example, if avoiding monthly maintenance fees is your top priority, look for an account that doesn’t charge them.

On the other hand, if you’re interested in earning interest on your balance, you’ll want to find an account that offers this feature. Also, compare the rates offered by different versions to ensure you’re getting the best deal.

Another thing to consider is whether you’re willing to pay a higher minimum balance requirement for premium features. Some accounts require a higher balance to avoid monthly maintenance fees.

Conclusion

When it comes to choosing a premium checking account, there are a few things you’ll want to keep in mind. First, consider what features are most important to you. If you maintain a high balance in your checking account or don’t want to worry about a fee, look for an account that doesn’t charge monthly maintenance fees. Contact OUR Credit Union to learn more about OUR premium checking account options.