Better Banking That Keeps Accounts in Good Standing

By Norm Clark – SVP of Fargo, Moorhead & West Fargo

In a nutshell, an account in good standing means that you’re adhering to some originally agreed-upon terms:

• Making payments on time

• Making at least the minimum payment on your balances

• Not exceeding your credit card limits

• Not withdrawing more than you have in your checking account

There are multiple tools you can use to help keep your accounts in great shape, including:

• Online and Mobile Banking: Easily and quickly monitor your balances, view transactions and complete transfers.
• Online Bill Pay: Ensure bills are paid on time.
• Direct Deposit and Mobile Check Deposit: Securely get your money where you need it.
• E-statements: Go paperless while easily knowing what you owe and when it’s due.

While it may seem daunting, mastering your finances by using the helpful tools available to you will help protect you from fees, boost your credit score and ensure that all your accounts stay in good standing!