What types of questions should I ask to make sure that I choose the right bank account?
There seems to be a dizzying amount of banks, bank accounts and special promotions available. How do I pick?
You need to focus in on the specifics that actually matter to you. Below is a nice list of questions that may not be comprehensive, but will lead you in the right direction in making your choice.
Is there a specific account for students / young people / lower income earners?
If I am considering a Credit Union, is it NCUA insured?
What is the monthly fee for having an account? (hopefully $0 if a minimum balance is met)
What is the minimum balance requirement? (aim for $25 or less)
Is there an ATM card?
Is there a fee to use other banks’ ATM machines?
Is their ATM machine near me?
Can I get a debit card with my account?
Can I link an account with my parents’ account so they pay any fees/maintain a minimum balance?
Are there overdraft fees? What are the overdraft policies?
Do I get free checks with the account? How many & how often? If not, how much do they cost?
Where is a branch nearby?