Savings accounts or banks with the advantage of free interbank transfers have often been the choice of many people lately. Apart from making savings activities more profitable, free transfer fees to many banks also give people many options to choose where they save.
But behind it all, you must pay attention to not just free interbank transfer fees. There are many other aspects in determining the choice of a bank where to save besides the advantages of free transfers anywhere.
Factors and aspects other than free inter-bank transfers must be considered when determining the most appropriate savings option. The reason is that in saving, each individual must take various things into account. Everyone will certainly have different goals and aspirations in the prepared savings.
Here are some things to pay attention to, as well as tips for choosing savings other than free transfers to any bank!
1. Get to know more about the type of savings needed
The first tip for choosing savings is to recognize the need to save. Many types of savings are available, and you can choose according to your needs. Starting from conventional savings, term savings, children's, Hajj savings, and even marriage savings can be found so easily.
If you already know your need for saving, of course, you can't just choose savings just because the bank offers a free interbank transfer, but you also have to find out whether the offer is in line with the savings needs you are looking for.
If indeed savings that can be transferred for free between banks are considered according to your needs. So, choosing savings with the admin transfer fee is acceptable. This will undoubtedly make your saving activities more enjoyable later. The reason is that by saving at MASSaving, you can make transfers between banks without maximum usage.
2. Initial deposit amount
Another tip for determining savings is knowing the amount of the initial deposit that must be submitted. The reason is that all customers can use not all savings with the advantage of free interbank transfers with a minimum deposit. For this reason, the initial deposit amount must also be considered in determining savings that suit your goals.
If you need savings with a manageable deposit amount, you can choose several banks that offer products with a low initial deposit amount, which will be more beneficial for you. You can get MASSaving only by making an initial deposit of IDR 100,000.
On the other hand, if you want savings with a sizable initial deposit, you can see some of the benefits that banks offer today, such as free transfers between banks or even other benefits that are no less tempting.
3. Availability of branch offices and ATM networks
Available branch offices and ATM networks can also be another consideration in determining which savings account and bank to use. The ease of making transactions at ATMs and branch offices will undoubtedly make you more comfortable in carrying out saving activities at the bank.
In addition, with easy access to branch offices located in many places, it will provide a sense of security to its users if they experience unwanted things at any time. So, the availability of branch offices and ATM networks must also be included in the tips for determining where to save.
MASSaving from Bank MAS also provides the advantage of cash withdrawals across the ATM network without being charged an admin fee for the transaction. For that, you can consider these benefits as one of the determining factors in your savings choice.
4. Convenience and facilities are also considered in tips on choosing savings
Tips for selecting other savings are the convenience and facilities for using the savings you will choose later. This is because the banking services facilities provided will make it easier for you to make transactions or various other activities related to your savings and finances.
You can assess banking facilities by looking at the ease of accessing an ATM for your cash withdrawal needs. In addition, the current digital era also requires you to have digital banking facilities that can support your daily transaction activities—from mobile banking, internet banking, e-wallet, or QRIS services, which you need right now.
5. Free Monthly Admin Fee
You can consider free admin fees in tips on choosing the best savings that suit your needs. The reason is that almost all banks currently charge admin fees to their customers. The amount is still varied, ranging from IDR 5,000 to IDR 21,000 depending on the policies of each bank.
With the advantage of free admin fees currently offered by banks, you can use this one reason to determine which savings you will choose.
6. Free inter-bank transfers that can't be missed
Tips for choosing savings that you must pay attention to last are interbank transfer fees which are made accessible. As we know, transfers between banks are often accompanied by deferred admin fees for the account owner. This makes interbank transfers difficult because it is felt to be burdened with administrative costs.
With this anxiety, many people are interested in various ways to make free interbank transfers, including opening a savings account at a bank with these advantages. MASSaving can also be the answer to this problem. By opening a MASSaving account, you can transfer to all banks without a maximum usage or minimum balance to get these benefits.
It's no wonder that currently, many banks are offering their savings products with the advantage of free interbank transfers. You can make free inter-bank transfers as another consideration.
Determining the type of bank or savings that will be used requires much consideration according to individual needs. However, you need to pay attention to some of the tips above so that the savings you will choose later can be the savings that best suit your needs and set savings goals.
Don't just be tempted by savings and banks that offer benefits such as free transfers between banks and other benefits, but you also need to pay attention to other points that are equally important to consider. You can also rely on MASSaving from Bank MAS to answer your banking needs.
With a relatively low initial deposit and other benefits ranging from free admin fees, transfer fees to various other banks, and many other benefits that can spoil you. Get savings with lots of benefits from MASSaving!