People have had a checking account for years. Many accounts were opened when they were in college, and people continue to remain loyal customers without giving much thought to it. Checking accounts are simple, convenient, and easy to operate. While they may not yield as much interest as a savings account, they offer a safe and familiar method to manage money.

The banking industry frequently innovates and adds features and facilities that provide some great benefits. However, banks may not always share updates and information with their clients. It’s up to you to accessorize and add value to your checking account when you want to leverage the benefits. This can also help you optimize your savings, reduce bank charges and fees, and avail of all the rewards offered at better interest rates. Your financial adviser can provide a range of useful tips to optimize a checking account.

Bundled digital services
Bundled services may have an open, closed, or dynamic type where several services are slightly cheaper than individual bundles. Bundling also helps consolidate these services under a single umbrella or package. Data breach and identity theft protection services can be bundled with your checking account along with the regular cell phone damage protection that many banks regularly offer. Other bundled services may include disability and death benefits and retrenchment.

Financial education
Studies show that a large majority of customers would give their banks more business if the bank offers good-quality, reliable financial education services. This empowers customers and gives banks a bridge to build a better relationship with clients. Similarly, budgeting and saving tools can help you manage money better.

Live Video
Banks who provide 24×7 live video customer service are known to be customer-friendly. Speaking to a real, live person gives reassurance and credibility.

Tax assistance
Many people do not have the time or information to stay in compliance with tax regulations. Some banks offer qualified tax expertise from taxation professionals to help customers meet their tax commitments and avoid a financial crisis.

Reward programs
Customers can use their debit cards to get fuel rewards, travel and entertainment points, and shopping rewards. Some banks don’t charge any foreign transaction fees too. This is a great option if you travel frequently. Many people open checking accounts to get those discounts and bonuses. If you don’t use a credit card, you could be entitled to cash-back offers.

Reimbursements
Some banks offer a monthly reimbursement of ATM fees. The bank may also charge a fee for using an out-of-network ATM. Find out whether your bank has a reimbursement of fees facility on your checking account.

Special accounts
Some banks offer special category accounts like senior citizen, student or youth accounts. These accounts are known as accounts with lifestyle benefits. These may be regular checking accounts with certain added features and can add value and help you save money.