You have an income. You have a budget. You're paying your bills. But do you go to the electric company to pay in person? Or to the cell phone or landline company? Do you pay your bills with cash or expensive money orders? If you do, you might want to think about putting your paycheck in a bank. Then you can write checks to pay your bills, send out checks by mail, or call and use your debit card. This will save you a lot of time and energy.

Also,  a bank will pay you money if you keep your savings there.  And loans are easier to get if you have a bank account.  Banks lend money for cars and other things. 

The banks are not all alike.  Your money helps banks make money. Some offer certain services to get your business.  Others charge for the same services.  It pays to shop for your bank just as you would for a car. 

It helps to choose a bank you can get to easily.  You'll also want a bank that offers good bargains on it accounts.  Banks have different kinds of accounts to fit different kinds of income. Choosing the best account for you is important.  Find out what you need from a bank.  First, find out about your checking needs.

Its important to know how many checks you need to write each month.  This helps you decide what kind of checking account will be best for you.  Read the chart below. It describes three kinds of checking account. Look for the different, notice the keeping of a high balance sometime brings in extra money for you.  The extra money is interest. 

Types of Account charges     monthly service charge        interest for $1000 balance.

budget acct           first 4 free              $2.50                             none

                              75cent per chk

regular acct           12 cent per chk      $6.00                            none

Interest-Paying       all checks free       $7.50                              $4.00 per month

** I hope this will help  when deciding to put your money in the bank.