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5. Find a bank that fits your lifestyle - 8 tips for choosing a new bank


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5. Find a bank that fits your lifestyle

The bank you choose should meet your needs. If you’re entrepreneurial, you’ll want a bank that can provide support as you build a business.

If you’re trying to save more money, Ben Brown, founder of the investment advisory firm called Entelechy, recommends looking for a bank that lets you open and name separate accounts.

“What I typically do is have clients open their main checking account, which acts as sort of a clearinghouse and then multiple savings accounts for different goals,” Brown says. “You might have a travel fund, a gift fund and a regular expense fund, just to make budgeting much easier.”

Considering your spending habits is also a good idea when deciding where to bank. Many banks have budgeting tools built into their websites or apps that make it easy to track your expenses and see where your money is going.

bankrate.com

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