Check It Out: Finding a Checking Account that Works for You

You need a checking account that works for you, not against you. Look for accounts with a very low minimum balance requirement and no maintenance fees. I know that many banks waive maintenance fees as long as you set up direct deposit, but, in this economy and depending on your circumstances, I don’t think you can count on that direct deposit protection. You shouldn’t be paying maintenance fees while you’re looking for a job or if you go back to school, or, even worse, you don’t want to lose your job, and, on top of that, pay for it.