Which Bank Should You Use?
Welcome to our Hoyes Michalos Debt Free Digest where we round up personal finance topics from around the web to help you live, and remain, debt free.
These days, there are many factors to consider when it comes to banking, like account fees, whether it has an app, free money management tools, and other perks. We want to help you make an informed decision when opening up a new bank account.
Choosing The Right Bank For You
Will you be better off with an online-only bank or one that also has a branch? Do you need a simple chequing account or multiple products? What other tools will you need?
Tune in to this discussion to learn about all the different types of banks, fees, and service options out there so you can choose the right bank for you.
Good Reads From Around the Web
How Many Bank Accounts Should You Have?
If you’re happy with just one bank account – that’s fine. But if you were considering opening a second account with a different bank, there some benefits to doing so. For example, if you’re ever locked out of one account, you would have access to another.
In this post, Doug Hoyes outlines the other benefits to banking at more than one bank.
Should You Have a Joint Bank Account?
There are several types of joint accounts. The most common ones being joint chequing and savings accounts. You can also enter into a joint credit card. Joint accounts can be convenient but they also come with some risks.
Learn more about the pros and cons of joint accounts, and joint credit cards to help you decide whether to enter into one.
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