Choosing the right checking account can save you money. But keeping track of the jungle of offers is not easy. Our guide shows what really matters and how you can find the perfect account for your needs.
1. Understand costs and fees
Most banks offer checking accounts with different conditions and it is worth checking them carefully. Pay attention to whether the account has a monthly account management fee and how high it may be. Some banks offer free accounts, but often only under certain conditions, such as regular salary receipts. It’s best to compare the different offers to find the accounts with the lowest or no fees.
Editor’s recommendation: Consorsbank Essential checking account*! New customers will only receive a starting bonus of up to €200 for a short time. Fee-free Visa debit card and Girocard included. Free account management for monthly inflows of 700 euros or more or for people under 28 years of age. Find out more here and open an account for free!*
2. Online banking and mobile apps
Modern checking accounts usually offer comprehensive online banking functions and mobile apps for smartphones. These make it possible to access the account anytime and anywhere. You should check whether the online platforms are user-friendly and what functions they offer, for example setting up standing orders or accessing electronic account statements. When it comes to security, it is also important to ensure that the bank meets the latest security standards for its online offerings.
Pay attention to interest and overdraft interest
While interest on current account balances is usually very low, overdraft interest is often very high. That’s why it’s important to pay attention to the interest rates that apply to the overdraft facility. Some banks offer the option of a free overdraft up to a certain amount, which can be helpful. Check your account balance regularly to avoid unwanted overdraft fees.
4. Explore additional bank services
Many banks offer additional services that you can get with a checking account. These include, for example, credit cards, insurance offers or discount systems. Such extra services can offer real added value, but it is important to examine them in terms of their costs and benefits. Sometimes they can incur fees that are not obvious at first glance.
Secure attractive interest rates with this Consorsbank daily money account*! New customers receive 3.50% pa for the first three months and a €40 starting bonus. No minimum investment and your deposits are protected up to €1,000,000. Open an account here for free!*
5. Customer support and accessibility
A bank with good customer support is worth its weight in gold, especially in the event of unforeseen problems. Check how and at what times customer service can be reached – be it by phone, chat or email. Ensuring that the bank offers reliable customer support can be crucial in many situations in order to get help quickly and effectively.
A well-chosen checking account can make daily life much easier. By paying attention to the points mentioned above, you will ensure that you have an account that suits your needs without incurring hidden costs. A regular check of bank offers can also help you find and take advantage of better conditions if necessary.
Compare the best current account providers
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