We all have to put our money somewhere, but how do we decide the best banking solutions? On this episode we explore whether an online bank is right for you, if credit unions live up to all the hype, and if you do choose multiple accounts how you should organize your money in them. We'll also go through our recommendations for the best banks with no or low fees!

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that feeling of slight awkwardness and uncertainty about what’s happening next. Sort of how talking about things I am not an expert on makes me feel! Eleanor Roosevelt is quoted to have said ‘do something everyday that scares you’ well - for some of us that’s talking about and/or learning about intricate financial details so you can check that box for the day. Being uncomfortable: it’s less scary when you have your friends with you!Being Uncomfortable:

Notable Notes:

What the Internet has to say:

This article comes from Credit Karma and outlines what you need to look for when choosing a bank

What Jen + Jill have to say:

Consider the following:
What is your current financial situation?
What are your current banking habits?
What do you anticipate your future needs to be?

Put your money in one of the following:
Traditional, brick and mortar bank: great for getting lots of financial products, interact with tellers, great for depositing  cash, access to ATM's
Online Bank: many of the same products as traditional banks, not as easy to deposit cash, free ATM use (sometimes internationally), often offer high yield savings/checking accounts
Credit Union: non-profit, member-owned organizations, lots of financial products

Pay attention to:
Make sure the bank is either FDIC or NCUA insured! If it's not insured you are at risk of losing that money.
Insurance rates; check out the APY rates
Minimum balances, services fees, overdraft fees, etc.
ATM fees
ATM location

More from the Internet:

This article is from The Balance and provides a list of the best no-fee checking accounts for 2020

More from Jen + Jill:

What makes for a good checking account:
minimal fees
deposit insurance
easy access to cash
mobile deposit
online bill pay

Recommended Banks:
Ally - high yield savings and checking, don't need high balance to get good APY
Discover - can earn cash back rewards with debit card
Radius - also provides rewards for debit card use
Simple - has a great (free!) app for budgeting and money management
Schwabb - unlimited rebates on ATM fees, high yield investor checking account (great for traveling internationally)

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