By Morgan Kelsey
High school is when most students get their first checking account. Sometimes it is their own, and sometimes it is linked to their parents’ account, but either way there is a new-found freedom with carrying that plastic card around to pay for meals, shopping and gas.
Having a checking account makes life a little easier by not having to carry a lot of cash that can be easily stolen or lost and never found again. Also, when you pay for items, you are not limited on purchases you get because you don’t have the cash. You can easily transfer money from a savings account to a checking account from a mobile device. Unity One Credit Union has a mobile app you can use to quickly search surcharge-free ATMs, pay a bill and even make a deposit.
Direct deposit into your checking account is available for your job, so you don’t have to wait for your check to arrive in the mail. When pay day arrives, your money will be deposited directly into your account and is ready to use. This convenient service saves time and gives you a chance to spend more time doing the things you love.
Some students go a little overboard, do not pay attention to how much money they have in their account and get to the point of over drafting. With e-alerts you can know when your account balance is low and when a large amount is withdrawn. This also helps with card theft.You will be notified, and you can contact your credit union to shut the card down to prevent further fraud.
At Unity One CU, there are also many new features that you can get with a checking account such as e-statements, express online bill pay, overdraft protection, free ATM services and much more.
Morgan Kelsey is a incoming sophomore at the Texas Tech University and a credit union advocate.