Module 2: Check It Out Participant Guide Choosing a Bank and a Checking Account Checklist *If the financial institution is a credit union, be Bank Name/ Bank Name/ Bank Name sure you are eligible to join. Account Type Account Type Account Type . . . . Bank Information Does the bank offer the services I need? Convenient branches and ATMs? Bank hours? Do employees speak my language? Is it insured by FDIC/National Credit Union Administration (NCUA)? Accounts Requirements for opening account? Checking Accounts Minimum opening balance? Minimum monthly balance? Fees? Fee waivers available? Number of withdrawals per month without a fee? Earns interest? Deposit hold times? Overdraft Programs Low balance alerts offered? Overdraft fees? Link to a savings account to cover overdrafts? Opt-out options? Savings accounts Minimum opening balance? Minimum monthly balance? Annual percentage yield (APY)? Fees? Fee waivers available? Withdrawal limits per month? Services available? ATM Cards Fees? Fee waivers available? . Money Smart for Young Adults Page 15 of 45 Module 2: Check It Out Participant Guide Location number of ATMs? Debit cards Fees? Fee waivers available? Rebates or bonuses for use? Locationumber of ATMs? Debit card transactions requirements or limits? Mobile/online banking Is it available? Transaction types and limits? Fees? Fee waivers available? Online bill pay? Other Information? Total Monthly Costs Total Annual Costs