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How to get your moneys worth from a bank account [Video]

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Medical Emergency Insurance and Financial Planning

(InvestigateTV) — A Forbes Advisor survey showed that the most important feature to consumers when shopping for a checking account is no fees.

Leslie Tanye, a debt relief attorney with 25 years’ experience, said today’s banks are still the safest way to keep money.

Many banks are insured by the Federal Deposit Insurance Corporation (FDIC), which is an independent agency created by Congress to maintain stability and confidence in the nation’s financial system.

“As long as it’s FDIC insured, your money is generally safe,” Tayne explained. “If you’re exceeding the insurance amount because there is a limit on the FDIC, then you might want to open up separate accounts with separate banks.”

Tayne said different people may have different banking needs.

“When you’re looking at banks, you want to be sure it’s a bank that fits your needs. So, you might be more inclined to going into a bank and getting customer service that way.” Tayne advised. “Or you …

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