Whether it’s an account at your financial institution, your credit card or even paying your bills – it’s important to keep your accounts in good standing. But why? And what does “good standing” even mean? Fret not, we’ve got all these answers (and more) outlined just for you.
In a nutshell, an account in good standing means that you’re adhering to some originally agreed-upon terms:
There are multiple tools you can use to help keep your accounts in great shape, including:
While it may seem daunting, mastering your finances by using the helpful tools available to you will help protect you from fees, boost your credit score and ensure that all your accounts stay in good standing!
When it comes to maintaining a checking account, be sure to know your overdraft protection options and the fees you could face if you draw more money than is actually in your account.
Balancing your checking account isn’t just important – it’s easy! Especially with online and mobile banking. Learn about how you can avoid spending more money than you actually have and dodge costly overdraft fees.