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When shopping for a bank, there are several things to consider. Fortunately, here in the United States, we do not need to be concerned about the safety of our money. The Federal Deposit Insurance Corporation (FDIC) insures our deposits up to $100,000.
What to look for:
- Convenience - A bank nearby your home or work will save you time.
- Hours of Operation - Some banks are open evenings and weekends.
- Lower fees/penalties - Some banks offer free checking and overdraft protection.
Be sure to check out several banks before choosing the one that is right for you.
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