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Choosing a personal banking package

When it comes to personal banking, there are many options available to you and your family. The right choice will help you not only manage your personal finances but also achieve your personal financial goals. That’s why First Utah Bank listens to you intently to help you choose the personal banking account that will be appropriate for you and your objectives.

Your personal financial goals will change through your life. A young person might use personal banking services to save for a college education, for example, while those moving out on their own for the first time might be paying off student loans and managing day-to-day financial transactions.

Young families, meanwhile, often spend time juggling payments on regular monthly bills and saving for a down payment on a house. In many cases, these families also are saving money for their children’s college education.

As you grow older, your long-term goals usually shift to saving for retirement or achieving other long-term goals such as opening a business or traveling. All of these goals are attainable when the proper steps are in place.

Your regular banking needs

In addition to your long-term financial goals, you also have regular banking needs, including:

  • tracking deposits such as paychecks
  • paying bills
  • tracking balances and payments.

Most people also use a debit card to make purchases using funds taken directly from their personal banking accounts and to withdraw money from automatic teller machines (ATMs).

If you have a family, you’ll probably need more than one personal banking account. You might need a checking account for day-to-day transactions, such as depositing your paycheck and paying bills, and a savings account for meeting medium- and long-term goals.

You will probably also need at least one joint account, accessible by both you and your spouse, as well as individual accounts for your own needs.

Banking in the 21st century

In today’s world, most people also look for the ability to do their personal banking without coming to the bank. This means online and often mobile banking. First Utah Bank’s eStatement is an easy, convenient and secure way to view checking and savings account statements on your computer. And it’s also environmentally friendly because it avoids the use of paper.

Mobile banking from First Utah Bank offers more than just the convenience of being able to check your balance, deposit checks, pay bills and transfer funds at any time, from anywhere. It’s also just as secure as, well, a bank. If you use Quicken personal finance software, First Utah Bank’s Quicken Web Connect allows you to download your account information into Quicken format so that you can organize and manage your personal finances.

Choosing options

With so many available options for personal banking, how do you know which ones are right for you? Knowing your needs is the first step, but it’s not the only one.

To make your choice, be sure to double-check:

  • charges or fees on accounts — a helpful bank will lay them out and explain them in clear language.
  • interest paid, if any
  • overdraft protection — the limits and the costs
  • rules about transferring funds between accounts and between financial institutions
  • deposit insurance to protect your savings — First Utah Bank is a member of the Federal Deposit Insurance Corporation (FDIC)
  • security protection — confirm measures your bank is taking to protect access to your account and the security of your personal information
  • complaint handling process — verify how your bank will respond in case something goes wrong

What do you need?

Talk to your banking representatives about how they’ll meet your needs and your short- and long-term personal financial goals. Shop around—we’re confident you’ll come to First Utah Bank for your personal banking in Mill Creek Utah and throughout the Salt Lake Valley.