| Our first bank visits as adults tend to be | | | | features like zero balance or negative |
| quite an event. I remember reading a short | | | | balance when it comes to getting a bank |
| story entitled "My Financial Career" by | | | | account. However, (s)he will be looking for |
| Stephen Leacock. The story related the | | | | high rates of interest for this would mean |
| harrowing, humiliating and hilarious | | | | that his/her money is growing. A high |
| experiences of a man who wanted to have an | | | | interest saving account might be just what |
| account in the bank despite his phobia of | | | | the doctor ordered for a young bank account |
| banks. By the end of the story he is such a | | | | seeker. Different banks offer different rates |
| mess that he withdraws all his money, closes | | | | of interest on their various deals. So it |
| his account, and goes home. All this takes | | | | makes sense to look at a wide variety of |
| place during his visit to the dreaded bank -- | | | | deals prior to picking the winning deal. |
| the beginning and end of his financial | | | | |
| career. | | | | Regardless of what advice you are receiving |
| | | | from all and sundry, one important point to |
| However, this need not be the case with | | | | keep in mind is that you need to look out for |
| anybody else. In my opinion, most people are | | | | the best deals in bank accounts. Many people |
| fairly adept at dealing with the banking | | | | will tell you that "a bank account is a bank |
| institution. That first trip to the bank may | | | | account is a bank account." That is just not |
| be quite bewildering. However, this confusion | | | | true any more. Some banks will give you a |
| is likely to be due to the wide range of bank | | | | better network of branches, others will give |
| accounts today. There are savings and current | | | | you more freebies, and still others will |
| accounts to choose from. There are accounts | | | | offer better interest rates. Then there is |
| that are meant for personal savings and those | | | | the ever important customer service, not to |
| that have been designed for businesses. There | | | | forget shorter telephone holding queues. |
| are accounts that offer high rates of | | | | |
| interest for people who want to invest their | | | | Finding out about the various kinds of bank |
| cash. At the same time, there are accounts | | | | accounts that are available will stand in |
| that provide incentives to make people save. | | | | good stead a person who is unfamiliar with |
| | | | the whole process. (S)he will become aware of |
| Someone who is new to the bank account may | | | | the various kinds of accounts that are |
| find himself being inundated by bank accounts | | | | available. Thus, (s)he will be able to make |
| of all kinds. "Which account do I choose" is | | | | the most of this information. The institution |
| a question that every new account holder | | | | of banks is a necessary one for modern life. |
| finds himself asking. When the person in | | | | These days, not having a bank account is not |
| consideration is a student, the aim is to | | | | a possibility. |
| encourage savings. A student will not need | | | | |