Managing your finances can be challenging. Having a personal checking account with a community bank like us makes it easier. When you open a personal checking account, you create a safe place for your money to keep track of your finances and build a vital banking relationship. We all have financial goals; a personal checking account is a powerful tool to reach them. If you do not currently have a bank account, here are five reasons why a personal checking account with us can benefit you:
- Keep Your Money Safe. Keeping your money at home–even if it’s in a safe place–is risky. When you open a personal checking account, your money has a paper trail. Federal laws protect your personal checking account from fraud and erroneous transactions. In addition, our bank accounts are backed by the Federal Deposit Insurance Corporation (FDIC), which means your money is insured for up to $250,000 per person. Keeping your money in a bank account keeps it safe.
- Access Your Money from Anywhere: When you deposit your money in a personal checking account, you can access your money simply by swiping your debit card. And if you need cash, you have access to a network of no-fee ATMs where you can withdraw money. With us, you not only have access to ATMs at our two branches in The Bronx and Harlem, but you also have access to any ATM in the MoneyPass and Citibank domestic branch networks for free.
- Build a Banking Relationship: You also establish a relationship when you open a personal checking account with your bank. You gain access to a banking team that can introduce you to financial products, like our personal loan of up to $2500, to help you achieve your financial dreams. As one of a few community banks in New York City, we take pride in getting to know our customers. We offer personalized services that help our clients – whether they have a personal checking account or a business checking account – gain access to wealth-building opportunities they can’t get elsewhere.
- Pay Bills & Send Money Effortlessly: If you don’t have a bank account, transferring money to your loved ones or paying a bill can be extremely time-consuming. A personal checking account gets rid of the hassle. A bank teller can make the transfer for you, or even better, use a mobile app. We offer a user-friendly app and online banking system that allows you to transfer money or pay bills in seconds from home or when you’re on the go.
- Manage Your Finances: It’s easy to lose track of how much money you are spending when you don’t have a record of your transactions. When you open a personal checking account, you can see your income and expenditures online and create a budget that works for you. If you are interested in saving, you can open a personal savings account that connects to your personal checking account. We offer an automatic savings transfer option that can help you increase your personal savings for a rainy day or a future goal.
Financial inclusion is what we do and strive for: We believe that everyone should have access to their money when they need it. That’s why we offer an extensive ATM network and an app that allows you to access your money from wherever you are. We also believe that everyone should have a bank account.
Please let us know how we can help you achieve your financial goals by opening a personal checking account.
