With so many monumental events taking place, many individuals reaching adulthood overlook the importance of opening a checking account. Using cash is often sufficient enough when only dealing with an allowance, but once you receive regular paychecks or bills, it's time to take the next step in financial responsibility. If you haven't opened your own account yet, here's a closer look at why you should.

Benefits of Opening a Checking Account

Convenient Bill Pay

The rise of the digital age has changed the process of paying bills forever. With the simple click of a button, you can skip the post office and avoid unexpected mail delays. A checking service allows you to make digital payments using your debit card. You even have the opportunity to arrange automatic, recurring expenses — two qualities unattainable with cash.

Easy Record Keeping

From taxes to proof of payment, maintaining financial records is a vital necessity for every adult. But relying solely on paper receipts isn't enough. Thankfully, all transactions made through a checking account are logged from beginning to end, putting all questions of authenticity to rest. Plus, with online banking, you're able to easily access all of your records and track transaction statuses through your online account. 

Financial Protection & Perks

You work hard for your earnings, so it's important that they're protected. Money placed in a checking account is immune to common disasters, like fires and tornados. Even if anything happens to the physical bank location, the capital is fully insured up to $250,000 as long as the bank is an FDIC member. Along with safeguards, customers with checking accounts enjoy the added perks of no-fee check cashing and deposits, as well as the opportunity to earn interest, depending on the style of their account.

Ready to reap the benefits of your own checking account? Turn to First State Bank of Russellville in Pope County, AR, for an exceptional level of service. For more than 80 years, the FDIC-insured bank has assisted businesses and residents throughout the Arkansas River Valley with their financial needs. From checking and savings accounts to loans and mortgages, their team is committed to honest, reliable, and friendly service. Get started on the process by learning more about their account options online or by calling (479) 498-2400.