Many people take their New Bedford Share Savings and checking accounts for granted. They are a necessary part of banking and taking control of our finances. While the savings is used to open our credit union accounts and put money aside for future events or purchases. We use our checking accounts to pay bills, deposit money from our paychecks and pay for the things we need in our everyday lives. However, through proper checking account management and a little knowledge about how a credit union checking account works, you can make the most out of your experience at the local credit union in New Bedford.
Tip #1 – Use Your Debit Card
One of the biggest advantages associated with a credit union checking account is the ability to use your debit card to help manage your money and take control of the flow of your cash for bills and other expenses. Debit cards are used by millions of credit union members at millions of locations, such as grocery stores, gas stations, movie theaters, restaurants and even online shopping. While they work similar to a credit card, debit cards help you pay for things instantly by taking the money out of your credit union checking account instead of increasing your credit debt. You can even use your debit card to deposit money, check balances, transfer money between accounts or to take money out of your New Bedford Share Savings or checking on the go.
Tip #2 – Avoid Overdraft Fees
One of the most frustrating things about checking account management is staying on top of all your purchases to avoid overdraft fees. If you spend more money than you have in your account and go overdraft or negative, you could incur overdraft fees. Fees range widely depending on the bank or credit union in New Bedford that you use. Make sure to find out about overdraft fees and policies regarding over-spending on your checking account. Some financial institutions allow you to tie your New Bedford Share Savings to your checking account to cover any purchases that you make that could put you into overdraft. Record all checks that you write to pay your mortgage, car payment, church tithe or other regular bills, as well as small purchases with your debit card, which can really add up. Knowing how much you have in your account at all times can help you avoid overdraft fees.
Tip #3 – Take Advantage of Mobile Banking
In addition to recording all of your purchases, you can monitor the status of your New Bedford Share Savings and credit union checking account by taking advantage of the mobile banking opportunities that are available through St Anne Credit Union in New Bedford. Mobile banking allows you to pay your bills wherever you are without having to go into a utility payment center or dropping a check in the mail. To find out more about all of the benefits associated with mobile banking for your credit union checking account, speak with a customer service representative.
Tip #4 – Check Out Auto-Pay Features
Another perk to learning all you can about checking account management is the ability to use auto-pay features, either through your credit union in New Bedford or directly through the website for your utility company, credit card company, mortgage lender, insurance company or any other service. Auto-pay features help you to stay on top of your bills and avoid late fees or other penalties. Setting up an auto-pay feature at a specific date after your paycheck is deposited can help eliminate worries associated with paying bills on time whether you are at home or on vacation.
Tip #5 – Know What to Do in an Emergency
Make sure to speak with a representative at your local St Anne Credit Union in New Bedford about what to do if you lose your debit cards, checks or any other identifying information for your credit union checking account or Share Savings account. When it comes to using debit cards, there are security features that can be enacted to help protect you against fraudulent activity, should your information or card be stolen. Our team of friendly representatives can help you with all areas of your savings and checking account management to help you defend yourself against potential issues such as loss, theft or other fraudulent activity.
Get your finances under control with a New Bedford Share Savings or credit union checking account at St Anne Credit Union. We are a member-owned, non-profit financial institution which serves Bristol and Plymouth Counties in Massachusetts. St Anne currently serves over 3,100 members and has over $18,000,000.00 in assets. Established on August 3, 1911, St Anne Credit Union is the oldest credit union in Southeastern Massachusetts. Give us a call today at 508-993-0011 or stop by our location on Union Street in New Bedford, MA.