If you’re thinking of setting up bank account there are few reasons you are going to do this, the first would be to save money second is a way to secure you’re hard earn money. No matter whatever reason is there are few simple steps to take note of:

Setup fees – find out this before you sign anything and there are some financial institution might charge from new setup account; be cautious if some willing to charge money you want to give them.

• Monthly fees – over the years something about the process change, instead of a being a free service bank started to charging for their use. First find out the fees and charges, some banks will charge annual ‘maintenance fees’ others will charge these fees monthly. Even though it sees like a small amount each month, it all adds up in the end.

• Transaction accounts – these accounts are typically designed to cover day-to-day banking needs.

• Savings accounts – saving accounts can be a good option if you want to save money, with some accounts providing specific incentives to save for example, depending on your bank and the account, you may be rewarded with higher interest if you maintain a balance above a certain level for a given period others may allow you to opt out having ATM access to make a little bit harder to spend your money and therefore make it more likely that you’ll save instead.

• Interest – compare interest rates between banks.

• Overdraft protection and forgiveness– from time to time we all make mistakes, the hope is that it’s not too costly of a mistakes check if the banks you are considering have over drafted protection and forgiveness. Protection means if you accidently write a check that your account doesn’t have the fund to cover, the bank will cover if you and expect you to pay them back. This keeps you from being hit with check bouncing charges from the business, you wrote the check to. Additionally overdraft forgiveness means the bank will allow you to make this mistake a time or two, without hitting with hefty fines.

• ATM (Automatic Teller Machines) Fees – ATM can be used to withdraw cash from an account by using the ATM card which is available with most bank accounts. Using ATMs of your bank will generally cost less money than if you use another bank ATMs. Fees for using ATMs can vary between banks and between account and find out ATM charges for non ATMs bank withdraws.

• Telephone banking – find out the telephone banking facilities.

• Internet banking – Internet banking allows you to view and check your accounts review recent transactions, apply for loans and credit cards or transfer money and pay bills all online.

We hope that you appreciate and are able to use some of the ideas on how to save money on your bank account. If you would like to share your own suggestions or ideas on How to save money with your bank account you can do as below.