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More specifically, how to know when you might want to close it.
Here are seven common reasons you might considerclosing your checking account.
High Fees
Some banks charge a ton of money just for having an account, Rachael said.
you’re free to find places with free checking accounts pretty easily.
Literally 70% of my job is to be nice to customers, Rachael said.
If your bank teller cant manage that, definitely look around.
Inconvenient ATM and Branch Locations
Banking should be easy, Rachael said.
If there arent ATMs or branches near you, consider switching to a bank with more convenient locations.
Before you decide on a bank for a new checking account, see whats convenient to your location.
Its important to have easy access to your account.
Low Interest Rates
While most checking accounts dont earn much interest, some do, Rachael explained.
Shopping around can seriously save you, so put some time into it, she said.
Outdated Online and Mobile Banking
I worked in a bank with theworstapp ever, Rachael said.
And it was horrible for everyone involved!
In todays online world, good mobile banking is incredibly important.
This … goes back to the earlier point about inconvenient branch locations, Rachael said.
This is probably the biggest one your moneys security shouldalwaysbe a top priority, Rachael said.
Before closing your account, remember to do these things.
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