Get Free Financial advice on Baltimore Savings Accounts
Get Free Financial advice on Baltimore Savings Accounts:
You may have already heard of credit unions in Baltimore. If you are a resident of the state, then there is no doubt that you might have heard of the Maryland Credit Union. There are many people that use this as their bank. This is one type of bank that gives its members a lot of perks. It provides free checking accounts. There are several reasons why people use credit unions in Baltimore Savings Accounts.
Free checking accounts: Most credit unions is offers Baltimore Savings Accounts to its members. This means you can get your own checking account with just a few clicks of the mouse. Aside from free checking account, you will also get a loyalty card. This card can be used by the member for purchases at local stores.
Free Financial advice
Free financial advice: You can always get free financial advice from a credit union. A credit union member can always consult with financial experts at their local branch. There are also online financial advisers who are available twenty-four hours a day. Just make sure that you do not go too far with your advice as the adviser might try to sell you something.
Financial counseling: There are many credit unions in Baltimore that offer their members consulting services. These consulting services are usually done by a non-profit organization. They will help you improve your financial status and will give you tips on how you can save money. If you are financially overloaded, then these consultants will also give you ways on how you can manage your finances better. Aside from financial counseling, some unions also conduct free debt management workshops.
Referral programs: Some unions have referral programs. Under their program, once a member joins, he or she will be given a free check each month. The first time that a member uses this check, he or she will have to visit a credit union member’s office and sign a membership card. After a year of using this card, a credit union member will receive a higher bonus amount.
Get Free Financial advice on Baltimore Savings Accounts
The above mentioned are just some of the advantages of having credit unions in Baltimore. However, you should remember that there are also some disadvantages. Credit unions may require you to pay for certain operating costs. You have to pay for advertising space and other promotional expenses.
As much as there are advantages, credit unions also have their share of disadvantages. One disadvantage is that members will only be given cash or checks as contributions. They cannot access any of their accounts. If they wish to, they can withdraw their money, but they will have to fill out an application. Also, because credit unions are not-for-profit, they are bound by certain rules. These rules will ensure that the money of its members are properly invested.
Free checking accounts are very helpful for those who are still learning how to maintain a good credit rating. Credit unions in Baltimore are one of the many types of institutions that offer such services. You do not have to spend much just to get a free checking account. Just make sure that you are going with a credit union that is legitimate and reliable.
