Go2bank is the latest bank to make headlines in the financial news industry by promising to offer consumers lower fees, more rewards, and more personalized customer service. While it’s still early in the game to predict whether or not Go2bank will live up to its promises, it certainly has the potential to become a major player in the banking industry. Let’s take a closer look at this new bank and see how it stacks up against some of its competitors.
Is a Bank Account Right For Me?
If you’re not sure if a bank account is right for you, consider the following questions:
Do I want to save money or have an easy way to spend it? If you want to save money and don’t need an easy way to spend your money, go ahead and open a savings account. If you want an easy way to spend your money and don’t care much about saving, a checking account could work well. Do I need access to my money?
Consider Online Banks, Free Checking Accounts and Credit Cards
Online banks offer a way to avoid most fees, but they may not be the best option if you want to be able to talk to someone in person.
Do I Really Need an Account at My Local Branch?
Banking is all about convenience, and some people are happy to bank in person. But many others find that there’s no need to have a branch nearby and prefer the ease of banking online.
An Alternative to Banking – Cash-Only for Life
Cash is king and the best way to go about your finances. After all, you can’t get a payday loan if you don’t use a bank account in the first place. Plus, cash doesn’t incur interest rates or transaction fees.
Take Advantage of All Available Tools
There are a number of tools that Go2Bank offers to take advantage of.
* You can create a budget with the goal of saving money or paying off debt by using their save and payoff tabs.
Choose One Way To Focus On Saving Money
– If you’re looking to save money, the best way to do it is by putting that money in a savings account. Plus, the interest rates are much better than what you can get with a credit card.