Old National Bank - Personal Finance

Old National Bank

The first option they give is the saving plus account which when you're just starting out and want to earn interest. There is also something called a select savings which is when you save more you can earn more. Lastly, kids start saving, and this is an account for children under 18 and there is no minimum balance requirement.

There is ONB checking for everyday needs, which is a basic checking package with money and time-saving benefits. There is ONB preferred checking,which is an interest earning account. Lastly they give an option of a ONB classic checking, which is an account for peope 50+ years.

Yes the credit union offers online banking.

Yes I would choose this bank as my credit it union because first of all it is very family/user friendly. This is important because when my children need to put their money into a bank account they are able to do that and to start saving at a young age. Another reason I would choose this bank is because there are many different checking and savings accounts that are different to fit peoples needs.

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PNC Bank

This bank offers a savings account that has a minimum balance of $25 and Old National bank did not list the minimum balance requirement. Old National bank has a no minimum balance requirement for children under the age of 18, at PNC for children the minimum balance requirement is one dollar. PNC offers a virtual wallet that helps you manage your accounts and Old National Bank does not.

The biggest bank risk I think is someone hacking onto my account at PNC Bank and stealing money because most of the money is regulated from an online source. The bank should protect itself from this risk by providing a high security system that makes sure that the only person that owns the account has the ability to log on.

If I had an account at PNC Bank, I think my two most used methods would be the ATM and walking into the bank to complete a transaction.

Bank Statement

8 checks were written from this account

A bank statement is a document from the bank showing the deposits and withdraws and the total balance at the end of the month. A check register is created by the bank recording all of the payments and the reason for payments or the account to be debited. Another difference is the check register is more specific and tells exactly why each check was written. The bank statement just shows the amout that was taken from the account.

I think it is important to keep track of finances through both bank statements and check register. I think it is important because then you will always have a record of what you deposited, withdrew, or paid someone. It is important to keep track of this because