From depositing checks to transferring cash to paying bills—your checking account is likely the primary method by which you control and monitor all of your finances. The right checking account can be one of the most important tools in your financial arsenal, but you need to ensure you pick the best account for you (and use it correctly) to reap all the possible benefits. With that in mind, here’s how we can help you avoid five common checking account mistakes.
1) Paying ATM Fees
ATM fees may seem small in the grand scheme of things, but they can certainly add up quickly. With us, you don’t need to go out of your way to find in-network ATMs because our RITE Checking Accounts will reimburse any charges you experience. Not only can we provide you with unlimited ATM surcharge reimbursements, but there are no minimum qualifications needed to automatically receive these rebates.
2) Not Taking Security Seriously
Almost everyone shops online, but not everyone does it safely. For example, you need to be careful when paying for a transaction online with your debit card. Make sure you’re on a network you trust, or use a secure third-party payment app
We can also help on our end: with Cornerstone Plus, you’ll receive ID Theft Aid1,2, which offers payment care fraud resolution, $2,500 in personal identity theft benefits, and identity resolution. Our website can help you learn more about safe banking practices, and these FTC videos can help you stay up to date on FTC laws and regulations.
3) Ignoring Your Balance
It’s always a good idea to stay on top of what payments are being deducted from your checking account. If you aren’t tracking your transactions on a regular basis, there is a decent chance you could miss duplicate or fraudulent transactions. To receive notifications when there are withdrawals from your account, set up a push notification, text, or email alert within online banking. To learn more about our online banking features, visit our online banking FAQs.
4) Not Understanding Checking vs. Savings
Do you manage all your finances through a single checking account? If so, you could be losing money. Checking accounts are great for daily use as well as a variety of transactions, but your money will grow at a faster rate if you set some aside in one of our savings accounts.
5) Not Using Special Banking Perks
You work hard for your money; your checking account should work hard for you. With Cornerstone Plus, a plethora of perks are available directly at your fingertips, including:
- Roadside Assistance: available 24/7 and free to use, this benefit provides up to $80 in covered service charges.
- Health Savings Card: usually an optional supplement to your employer’s health care plan, now you can make this must-have benefit part of your RITE Checking account. You’ll save on prescriptions, eye exams, lenses and frames, hearing services, and more.
- Cell Phone Protection1,2: if you pay your cell phone bill with your RITE Checking account, we’ll pay to have it repaired or replaced if it’s damaged or stolen, up to $400 per claim (maximum of $800 per year).
- Shop Local, Save Local*: you can experience a wide variety of discounts from local establishments and deals from national retailers.
Choose a Checking Account Today
We offer three distinct checking account options: RITE Premium Checking, RITE Extra Checking, or Basic Checking. Both of our RITE Checking options are accompanied by our Cornerstone Plus app, which provides the tools you need to avoid the common checking account mistakes listed above.
At Cornerstone Bank, we’re committed to helping you save money! That’s why our checking accounts offer an array of options and features to fit your specific needs. Contact us today to discover a better way to bank.
1Subject to the terms and conditions detailed in the Guide to Benefits.
2Insurance products are: NOT A DEPOSIT. NOT FDIC-INSURED. NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY. NOT GUARANTEED BY THE BANK.
*Participating merchants on BaZing are not sponsors of the program, are subject to change without notice, may not be available in all regions, and may choose to limit deals.