If you’re working as part of a family, chances are that you’re always working for better ways to save money. There are a number of ways to save, but one of the best is to make sure that you have a great family bank account. Family bank accounts can be a good way for you and your partner to save and spend money together. However, maximizing the usage of your can be tricky. Here are four things you can do to get more from your account.
1. Look for a Premium Account Option
Premium account options can help you do more with an account for a small monthly fee. Monthly fees for bank accounts may be something that you’ve previously tried to stay away from, but they can be a great way to access more benefits overall. For example, Aspiration Plus, which is the premium account for the Aspiration debit card, allows you to get extra cash back on purchases at certain retailers.
2. See Whether You Can Earn Interest on a Savings Account
Savings accounts are often attached to normal bank accounts. This can be an amazing way to save money more easily; just select a specific amount of money to send to your savings account whenever you have some extra money. If you want to earn interest, make sure you check your bank account to see what the current interest rate is, as rates can vary dramatically from month to month and account to account.
3. Check for In-Network ATMs
ATMs are a great way to get physical cash from your account whenever you need it. However, if an ATM isn’t in your network, chances are that you’re going to need to pay a fee. Check to see what in-network ATMs are available in your local area. In-network ATMs typically don’t charge a fee if you need to withdraw cash, making it a great way for you to save more money on your purchases when you decide to pay with cash instead of a card.
4. Use Your Debit Card for Cash Back
Many companies offer cash back on debit card purchases in a variety of ways. People no longer have to settle for just making purchases like normal; it’s common to get a significant amount of cash back on your card just for using it on purchases across a number of different categories. Check to see what the categories are and what categories offer the best cash back. Using different debit and credit cards for different categories can help you maximize your savings.
Conclusion
Family bank accounts are a great way to save money over time, but maximizing the amount of usage you get out of yours is another question altogether. These four tips can be a great way for your family to get more from your account on average. Even just checking in on the way your account works may make it easier for you to save on a daily basis.
