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By Miriam Caldwell, About.com Guide to Money in Your 20s

Make Your Bank Work for You

Thursday July 2, 2009

Are you making the most of your checking account? There are a lot of options when it comes to a checking account. The key is to finding an account that provides the best services at the lowest cost to you. To make your life simpler you should have an account that does not limit debit card usage and allows you pay your bills online for free. You should also look for an account with no minimum balance requirement and no service fee. Often if you sign up for direct deposit the bank will waive the service fee.

Beyond your checking account your bank may offer you several different services. You can often get a slightly lower rate on loans or higher rates on savings accounts if you stick with the same bank. It makes completing your transactions easier. Be sure to include credit unions when you begin the search for the right bank for you.

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