7 Key Benefits of Having a Checking Account

June 7, 2023

Figuring out banking can be a daunting task

What bank to choose? What accounts to open? Do you have enough money to open an account?

These are all valid concerns, but at Newton Federal we simplify it, because we know that we are better together. Over 90% of all U.S. households use a checking account. Checking accounts ensure that your money is safe and you are able to live your day to day life with ease. With access to everything being in the palm of your hand, why not make banking better. We have determined some of the key benefits of having a checking account so you don’t have to.

1 Low Cost to Open

Checking accounts can be open with as little as $25 to your name. If you are worried about the process of opening a checking account, don’t stress. Newton Federal makes the entire process run smoothly.

2 Automation, Early Paychecks, and Savings Deposit

With a checking account you have the ability to set up direct deposit. Get your paychecks deposited directly into your checking account without lifting a finger. That’s easy money right in your pocket! Get access to a savings deposit account to simplify any financial planning.

3 Money is Easily Accessible

The best way to keep your money safe is in your checking account. However, if you ever need cash, it’s as simple as going to an ATM and making a withdrawal. Newton Federal provides a full reimbursement of any ATM fees.

4 Money Management & Financial Planning

Planning for the future financially can be stressful. Plan smarter by tracking your spending. Take away the worry by managing your money right in the palm of your hand.

5 Money is Protected

Through secure online banking your money is less likely to be stolen. If your money is unfortunately stolen, you can quickly stop a payment and report a problem. Let Newton Federal protect you.

6 Establish Credit

Build up your credit by opening a checking account and paying your bills on time. Bill pay has never been made easier with digital and mobile banking. Having good credit opens you up to a world of possibilities, like better loans, better interest rates, and more.

7 Accurate Financial Records

Gone are the days of keeping track of your spending by hand. See every transaction with just the click of a button. View your finances anytime via your phone or computer. Or stop by to say hi to one of our friendly faces behind the counter.

Newton Federal knows that managing finances can be tedious.

With decades of experience and a shining history in Georgia, we are dedicated to helping our customers in any way we can. When banking with Newton Federal you not only get a bank but a new team member. We dedicate our success to helping you succeed. Set yourself up for a better tomorrow, today.

Check out our tools and resources at NewtonFederal.com.

Have any further questions? We would be happy to assist. Check out our Checking Account FAQs.