One way to get information on banks, credit unions, banking products and licensed money service business that cash checks is to ask for it. You can walk into the customer service desk at your local bank or credit union, stop by the bank branch in your supermarket or retailer or look online.
Here are some key topics you should ask about
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Hours of operation
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Details about accounts (costs, fees, minimum balance requirements and interest rates)
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ATM locations – how many ATMs do they have and will these be convenient?
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Will a debit card be available? What fees (if any) does it carry?
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Charges for non-bank or credit union ATM use.
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Are there specific fees if you overdraw an account?
Much of this information can be found on bank or credit union websites. This makes the search quick and easy.
If you are purchasing a prepaid card from a retailer, the card packaging should describe the terms and conditions , as well as fees.
For more information:
Budgeting & Money
