Indications You Should Change Your Bank Account

Have you banked in the same institution for years? Have you maintained the same account since college? Is your bank meeting your needs, and are you growing your money? If your current bank account is not offering what you need, it may be time to make some changes.

You can find the best free checking accounts to help you make better money management decisions. The following are indications that you should change your bank account. 

You Are Paying High Fees 

Banks charge fees for offering different services and products. You may not be aware of some of the fees you are paying. They range from account maintenance fees, ATM fees, transaction fees, and more.

The fees can add up, cutting into your budget. Changing your bank account can help eliminate the high cost. Do your homework to get a better deal from a different account or bank. 

Inadequate Customer Service

If you are not happy with the quality of service that you are receiving from your current bank, it is time to change. With the numerous banking options available, both physical and online, you can get the service you desire.

When considering the quality of service, you need to realize that high quality may come at a cost. Determine what you need and look at the options available. Reading customer reviews will help determine the type of service you can expect. 

Convenient Banking

If banking is not convenient for you, it is time to change your bank account. You need to be able to access your funds when you need them. If you need to access cash regularly, finding a convenient ATM is essential.

If it is difficult to get money in an emergency, consider applying for online banking. The advantage of online banking is that you are not restricted to working hours, location, and other factors. Mobile banking will allow you to monitor your account conveniently. 

Account Safety 

Account safety is a crucial factor when choosing a bank account. You need to know that you can get your money back if the bank shuts down. If your account is not protected by the Federal Deposit Insurance Corp. (FDIC), it is time to change.

FDIC is responsible for the regulation of the banking sector and covers deposit accounts. Knowing that your money is safe in any eventuality will give you peace of mind. 

Paying Monthly Fees 

If you are paying monthly fees for your checking account, you should consider changing accounts. Most traditional banks charge a monthly fee for a checking account. In some cases, you can avoid the fees by maintaining a minimum balance or meeting the guidelines provided. To avoid the fees, you can open an online checking account. Many online banks offer checking accounts that are free of monthly fees. 

Limited Online Options

If your bank account has limited digital banking options, it is time to change. You need to be able to monitor and manage your account conveniently. Bank apps and websites make it easy to keep track of your financial matters. You can pay bills, make purchases, and transfer money without visiting the bank. 


If you have recently changed your lifestyle, you may need to change your bank account to suit your new responsibilities. You can also get a new bank account if you move to a new location.