Why do I need a checking account? Benefits and more

GRAND RAPIDS, Mich (WOTV) – There are numerous advantages to checking accounts. Checking account holders have access to online and mobile banking, ATMs, and the use of debit cards and checks to make purchases or withdraw funds from the account. With direct deposit, you save time and avoid trips to cash paychecks. Credit union checking accounts are Federally Insured with the NCUA (National Credit Union Administration) which ensures an account holder that their money is safe and insured up to $250,000.

Having a checking account can actually help you save money.  By using automatic bill pay, which is free at most credit unions, you can make bill paying easy and convenient and ensure timely payments which means no late fees.

Interest.  With interest bearing checking accounts like the one at Adventure Credit Union, you earn upwards of 4%.  And…it’s FREE.