beat checking account

Submitted by Longjumping_Bad9373 t3_yii988 in personalfinance

best checking account for 23rd y/o? i can’t get approved for capital one 360. discover isn’t offering checking accounts either i prefer a online bank with very minimal fees, any tips? thank you all!

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punkfreak75 t1_iuit06t wrote

I know you said you prefer an online bank but would research local credit unions as they have low to no fees for having an account. Fees will apply for transfers, overdraft, extra checks etc.

Some might have requirements, such as schools first near me requires you or a family member to be a school district employee, but many have no requirements other than a small minimum deposit.

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Longjumping_Bad9373 OP t1_iuiuyel wrote

i have looked into it but found that like going through some of them can be a hassle or they do very little to help you if something goes wrong

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punkfreak75 t1_iuiyfcc wrote

I've had a different experience. I walked into Altura Credit Union and had a checking account open in ~20 min, with most of that being spent on printing and filling out paperwork.

Customer service has also been top notch answering my questions.

Just like banks, not all credit unions are equal. Look at the one's in your area and research them. They'll often have lower rates for car and other loans than many other institutions.

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What do you expect might go wrong?

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Longjumping_Bad9373 OP t1_iuiznh2 wrote

i live in central new york and i as well as my family have had some not so great experiences with credit unions, i had $3000 stolen from me and they did nothing about it. my mom she had her card frozen then they just closed her account i don’t know the full details but due to this i’m wary about going with a credit union

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nozzery t1_iuit19d wrote

Fidelity Cash Management Account. No ATM fees worldwide, no NSF fees, no Wire fees. If you buy SPRXX as your money market fund then you earn 2.95%, fully liquid.

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Werewolfdad t1_iuis1ns wrote

Why can’t you approved for 360?

Essentially any checking account is fine if you have no requirements

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Longjumping_Bad9373 OP t1_iuisq5l wrote

i honestly don’t know why so it’s kind of frustrating me. i have a decent credit score along with two credit cards and the saving accounts so i prefer to have the checking account as well. but i do prefer to have none or very minimal fees.

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