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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About Philip Taylor, CPA

Philip Taylor, aka "PT", is a CPA, blogger, podcaster, husband, and father of three. PT is also the founder and CEO of the personal finance industry conference and trade show, FinCon. He created this website back in 2007 to share his advice on money, hold himself accountable (while paying off over $75k in debt), and to meet others passionate about moving toward financial independence. He uses Personal Capital to track his wealth. All the content on this blog is original and created or edited by PT.