Want to get the most out of your 401(k)? Learn the key guidelines on how you can choose the best investment options for you! Making the Most of Your 401(k) Chances are if you’re investing for your retirement, the bulk of that money is stashed away in your 401(k). For those whose employers offer them, […]
In order to produce the podcast and keep content up free for you, I work with partners so this post may contain affiliate links. Please read my full disclosure for more info.
This week we’ve been discussing looking at credit unions if you’re not happy with your family’s current checking and savings system. I know some listeners have businesses and wonder if they can move over those accounts to a credit union.
[smart_track_player url=”http://media.blubrry.com/couplemoney/traffic.libsyn.com/couplemoney/QA_Session_25_Credit_Unions_Better_Banking.mp3″ ]
While more and more credit unions offer business checking and savings, you have to look at your business’ specific needs to know if they would be a suitable option for you.
- What type of business do you have? Freelancers may simply need an account to handle their online deposits and payments. A big business may need invoice and payroll services.
- Are there minimum daily or monthly balances required to avoid fees? You want to have an account where you avoid or minimize their fees.
- What’s your average transaction amount?
If you’re in the market for a business account and you want to see if a local credit union can provide what you need, you can use this tool from the National Credit Union Administration.