The Main Goals of My New Bank Account Setup

I recently changed the way my bank accounts are set up.

The main goals of my new setup are:

1. Automate bill payments and money transfers – ING DRIECT has these capabilities. It’s nice.

2. Take advantage of free services – BOA’s Bill Pay is FREE and easy to use.

3. Avoid fees – I pay no fees with any of these accounts.

4. Maximize interest – While I’m not getting the best interest rate compared with some online only savings accounts, I am doing considerably better than by only having my money in BOA.

5. Convenient access to ATMs and a brick and mortar bank – If I need to visit an ATM, both banks have these. And if I need to actually go inside a bank for any reason I can always find a BOA to go into.

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Last Edited: July 26, 2017 @ 5:14 pmThe content of is for general information purposes only and does not constitute professional advice. Visitors to should not act upon the content or information without first seeking appropriate professional advice. In accordance with the latest FTC guidelines, we declare that we have a financial relationship with every company mentioned on this site.
About Philip Taylor

Philip Taylor, aka “PT”, is a CPA, financial writer, podcaster, FinCon Founder, husband, and father of three. He created PT Money back in 2007 to share his thoughts on money and to meet others passionate about managing their finances. All the content on this blog is original, and created or edited by PT. Read more about Philip Taylor, and be sure to connect with him on Twitter, Facebook, or Google+. Listen to the new podcast, Masters of Money!