What should I look for when choosing a checking account?
When choosing a checking account, look at monthly fees, minimum balance requirements, ATM access, debit card features, online and mobile banking, bill pay, overdraft options, and any benefits such as interest or rewards. It’s also important to consider the level of personal service you’ll receive. A community bank like Citizens Bank can offer convenient digital banking along with access to local bankers who can provide personal assistance when you need it.
How do I open a checking account?
Opening a checking account is easy. You’ll generally need a valid form of identification, your Social Security number or taxpayer identification number, and money for your initial deposit. Depending on the account, you may be able to open your account online. Certain account openings must happen at a local branch. Once your account is open, you can set up direct deposit, order checks, activate your debit card, and enroll in online and mobile banking.
How much money do I need to open a checking account?
The minimum opening deposit for a checking account can vary by bank and account type. Most personal checking accounts at Citizens Bank can be opened with just $50.
How much money do I need to keep in a checking account?
Just as the minimum opening deposit for a checking account can vary by bank and account type, so can the balance you must keep in the account. Most personal checking accounts at Citizens Bank do not have a minimum balance requirement.
Are there checking accounts with no monthly fee?
Yes. Some checking accounts have no monthly maintenance fee, like Citizens Bank's Advantage Checking or Cash Back Checking, while others may waive the fee when certain requirements are met, such as maintaining a minimum balance or meeting qualifying transaction requirements. When comparing checking accounts, be sure to look at both the monthly fee and the requirements for avoiding it. Citizens Bank can help you find a checking account that fits the way you bank.
What are the benefits of having a checking account at a local bank?
A local, community bank can provide the convenience of modern banking technology while maintaining a personal approach to banking. Customers can typically access online and mobile banking, debit cards, and other digital tools while also having the opportunity to work directly with local bankers who understand the community. At Citizens Bank, we believe banking is about more than transactions—it’s about building relationships and helping customers reach their financial goals.
How do I switch my checking account to a new bank?
Switching your checking account to a new bank can be easier than you might think. Start by opening your new checking account, then move your direct deposits and automatic payments to the new account. Transfer any remaining funds, make sure outstanding checks and payments have cleared, then close your old account once everything has been moved. Citizens Bank can help you create a checklist and make the transition as smooth as possible.