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03.27.12 FREE Checking with Georgia’s Own
Posted under: Checking Posted by:

I’m sure by now, you have all seen or heard about fees that many banks are beginning to charge for checking accounts. What you may not know however, is that Georgia’s Own Credit Union offers a FREE All Access Checking Account for all members. A recent article by Nerd Wallet even listed Georgia’s Own All Access Checking as a top alternative to banks that are charging for a checking account. Here are just a few benefits of an All Access Checking Account from Georgia’s Own:
-Checking (with no monthly service fee) that pays dividends on every dollar
-FREE first order of checks
-FREE Check Card
-FREE Access to your money at 4,400 affiliated branches worldwide
-FREE Unlimited ATM transactions at 71,000+ “surcharge-free” ATMs (Publix, Target, Walgreens, CVS, Sam’s Club, Costco, etc.., more ATMs than the largest national banks)
-FREE e-Services (Bill Pay, e-Statements, and Home Banking services)

To get started with your All Access Checking today, visit georgiasown.org.

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11.18.11 Money 101: Balancing a Checkbook
Posted under: Checking, Money Management Posted by:

Balancing your checkbook sounds like an ancient term today. With the decreasing use of checks and the increase of home banking on the web, some may feel it’s not even necessary, but balancing your checkbook is one of the most basic habits for good money management. It’s important because it can verify that your records match your institution’s records.

Financial institutions make thousands of transactions daily and although most are accurate, some mistakes can be made. If you balance your checkbook regularly, you are more likely to catch any error that occurs. It also helps you avoid bouncing checks or over-drafting funds. If you’re just starting out on your own, or you have your first bank account, or you just never got in the habit of balancing your checkbook regularly, the following steps from studentfinancedomain.com can help you out. 

1. Divide your receipts & statements into deposit piles and withdrawal piles.

2. Write your bank balance on line 1. 

3. Compare all of your deposits against the bank statement. Record any deposits that are still in transit and have not yet been processed. Write this on line 2. 

4. Compare the total withdrawals against the bank statement. Record any “outstanding” unprocessed checks that are still in transit and have not yet cleared with the bank. Write this on line 3.

5. Add lines 1-3 to find out your total checking account balance. It may be different from the bank statement because the bank might not have processed all transactions. The final number will be your adjusted bank balance. Write this on line 4. 

6. Check to see if you were charged any bank fees, and subtract this from the bank balance. Add any incurred interest to the balance. Finally, check to see if all transfers that you made have been processed. Add or subtract this amount from the adjusted balance, and you will have your ending bank balance on line 5. 

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10.05.11 FREE CHECK CARDS with GOCU All Access Checking
Posted under: Check Card, Checking Posted by:

Hey guys and gals! So I’m sure you’ve read or heard recently about monthly fees on checking accounts…well there is good news for you here at Georgia’s Own! Georgia’s Own is proud to continue offering FREE All Access Checking* accounts! All Access a checking is one of the most convenient and competitive checking accounts on the market. In addition to a myriad of perks such as online banking and bill pay, access to over 71,000 surcharge-free ATMs, and dividends paid on every dollar, we also offer free check cards on every account and ScoreCard Rewards that accumulate with every purchase…not to mention every time you use your Visa card from now until December 27th, you will be entered to win a trip for you and 10 friends to Super Bowl XLVI.**

*For more info about the benefits of checking with Georgia’s Own and to get started today, click here.
**For details on a chance to go to Super Bowl XLVI, click here.

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05.04.11 BALANCE
Posted under: Checking, Credit, Debt, Investing, Loans, Money Management, Saving Posted by:

So I wanted to let everyone know some exciting news from Georgia’s Own.  GOCU and i[x] are proud to announce your newest benefit of membership: BALANCE Financial Fitness Program.

BALANCE is a free and confidential money management tool to help you stay on the path to financial freedom.  Whether you’re interested in developing an easy spending and savings plan, getting out of debt, taking a look at your credit report,  or buying a home, i[x] and BALANCE can help.   They have chapters for you to look over and even provide a quiz to allow you to test your knowledge of the subject.

BALANCE also has counselors available throughout the day to answer any questions you might have.  To use the program, visit BALANCEpro.net or call 888-456-2227 to begin taking advantage of this FREE resource!

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02.04.10 Skip the PIN and Sign
Posted under: Checking Posted by:

Checking accounts are one of the most common financial accounts that people have, and now, the debit card has revolutionized it. Before the debit card, we all wrote out our checks, but now, we just have to swipe and we’re out the door.

As you’ve probably noticed, when you use your debit card the machine usually automatically prompts you to enter your PIN number. While it is easy to enter the PIN and continue on, the better option is to sign for the transaction. All you have to do is ask the person behind the register how you can proccess your debit transaction as credit. They’ll tell you to hit enter, or cancel, and then instead of entering you PIN, you sign for the purchase.

A few reasons skipping the PIN is a good idea:

  • Signature-based transactions are accepted at more places, and don’t require you to enter a PIN
  • Signature-based transactions can provide extra security against fraud (because no one can steal your PIN if you don’t enter it)
  • Signature-based transactions can entitle you to the Zero Liability Policy (based on your card issuer and financial institution), aka, you won’t be held responsible for fraudulent charges, whereas if you enter a PIN, the burden is on you

So, next time you’re checking out, try asking for your transaction to be processed as credit, instead of debit, and see for yourself how easy it is to make the switch!

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