• Tips for Managing Your First Checking Account

    Opening your first checking account can be exciting, but it is important to be careful. You will need to keep an eye on your debit card as well as the balance in your checking account in order to prevent fees and penalties. You must also keep your cards and information protected. Here are a few tips for managing your first checking account.

    Consider Overdraft Protection

    Your first checking account will teach you to be responsible with your money; in some cases, it will also teach you about the consequences that may occur when you fail to do so. Fortunately you can make use of a safety net called overdraft protection. An overdraft occurs when the amount of money you attempt to spend or withdraw exceeds the amount of money you have in your account. This typically incurs fees, but overdraft protection can give you some extra flexibility.

    Keep Your Cards Safe

    Just because your credit and debit cards have your name on them does not mean that other people cannot get away with using them. This is why it is crucial that you keep your cards in a safe place and refrain from giving them to others. Do not enter your information or make online purchases if the seller does not appear to be completely trustworthy. If you lose a card, cancel it or freeze your account as soon as you notice; if someone else has it, this will prevent them from using it.

    Use Online Banking

    Today’s technology makes it much easier to manage your checking account. Online banking can provide you with electronic statements at any time of the day or night. You can also use this feature to transfer money from your savings account into your checking account or vice versa.

    In addition to checking accounts, GCS Credit Union offers online banking and home mortgage loans in O’Fallon. You can learn much more about our credit union by giving us a call at (618) 797-7993 or visiting our website. If you live in the area, feel free to stop in and meet with us today.

  • Convenient Ways to Manage Your Credit Union Accounts

    Whether you are looking to manage your savings account or your checking account, it has never been easier to do so. Between mobile alerts and online banking, it is simpler than ever to keep an eye on your money. Read on for a few convenient ways to manage your credit union accounts.

    A substantial amount of our society now exists online, and your credit union accounts should be no different. With online banking services, you are never more than a few clicks away from your balances and account information. You can even use online banking to pay your bills and transfer money between different accounts, and you can do it all from home. Similarly, mobile banking will keep you connected no matter where you go. Sign up for text alerts so you know when your accounts are running low and can manage accordingly.

    GCS Credit Union is proud to offer different types of credit union accounts. If you are looking to get a checking account in O’Fallon, give us a call at (618) 797-7993 to talk about our online checking accounts. You can also visit our website or stop by and see us to learn about our auto and home mortgage loans.

  • How to Help Students Build Good Financial Habits

    The earlier you learn how to make smart financial decisions and be responsible with your money, the better off your financial future may be as you grow into an adult. You can help your children form the right habits by helping them open up a checking account and teaching them how to save. Here is a look at how to help students build good financial habits.

    Many young adults have their sights on a life of luxury, but it is important that they learn about the stepping-stones that lead the way there. It is wise to help your student set up a basic checking account early on. Many modern banks and credit unions offer mobile or online banking, which can help students keep track of their funds. Teach your student to use an ATM, balance a checkbook, and maybe even open a credit card.

    Would you like to help students build good financial habits? Have your son or daughter open a checking account at GCS Credit Union in O’Fallon. We offer the convenience of online checking accounts as well as online bill paying. You can learn much more about our services by visiting our website or calling us at (618) 797-7993.

  • Is Now the Time to Teach Your Kids About Money?

    At some point your children will probably make use of checking accounts of their own, but for now it is a good idea to start by introducing them to certain financial concepts. Watch this video clip to find out if now is the time to teach your kids about money.

    The sooner your children learn about money and financial responsibility, the more time they will have to integrate these positive habits into their adult lives. Teach your children about the concept of money, currency, and value when they are as young as three years old. As your children age, offer them allowances and teach them about saving money.

    GCS Credit Union specializes in home mortgage loans and online checking accounts in O’Fallon. If you would like to learn more about our credit union, please feel free to visit our website or call us at (618) 797-7993 for more information today.

  • How to Open a Bank Account

    Opening a bank account at your credit union makes it easier to manage your money and track your spending. The process of opening an account is simple and can be accomplished in a few simple steps. Watch this video to learn more.

    Opening an account, be it checking or savings, is the same at most financial institutions. You will need to complete an application and provide the identification required by your credit union. You will also need an opening deposit. Having an account gives you access to things like online banking to make money management even easier.

    If you’re interested in opening an account, contact GCS Credit Union today. Our credit union in O’Fallon offers a range of account options for members as well as auto and mortgage loans. Call (618) 797-7993 to learn more.

  • Understanding How Checking Accounts Work

    A checking account is one of the most essential tools you can have to manage your finances. When you use your checking account to spend money, you will be able to easily track where your money is going, which can help you stick to your budget and make financial decisions. Checking accounts are easy and straightforward to use—here is how they work.

    Checking Accounts in O'Fallon Opening an Account
    To open a checking account, you will need to complete an application either online or in person at your credit union. You will be asked to provide identification and your Social Security number, and you may also need other documentation, such as proof of your current address. Once your account is set up, you will need to make an opening deposit to fund the account. Depending on the type of account you select, there may be no minimum deposit requirement, or you may be required to deposit at least a certain amount.

    Choosing Your Account Features
    You can choose to have paper checks, a debit card, or both for your account. You can also use your checking account to receive direct deposits and set up automatic bill payments. Ask your credit union about all of the features available to you and what fees are associated, if any.

    Managing Your Account
    You can manage your checking account using a written check register or an online banking system. Simply enter all of your deposits and expenditures and periodically ensure that your information matches the information your credit union provides about your account. When you spend money with a debit card, in most cases, the merchant will automatically verify the amount with your credit union, and the withdrawal will be made from your account. Paper checks essentially go through the same process, though it may take a day or two for the money to leave your account.

    The representatives at GCS Credit Union are available to help you set up and manage your checking account at our credit union in O’Fallon. If you have questions about checking, online banking , or other financial services, please call (618) 797-7993.

  • Essential Checking Account Management Tips

    Checking account management is an essential part of online banking in O’Fallon. If you are wondering how to make sure that your checking account remains in good shape, there are several steps that you can follow. For example, it is important to make sure that you always maintain a positive balance in your checking account. To learn more essential checking account management tips, check out this video.

    When you are seeking a credit union in O’Fallon, be sure to contact GCS Credit Union. Our credit union offers online checking accounts and a variety of other convenient and innovative services. To learn more about banking at our credit union , give us a call at (618) 797-7993.

  • Common Checking Account Mistakes to Avoid

    Checking Account Mistakes to Avoid

    A checking account offers convenient access to the funds that you will use on a day to day basis. By working with your credit union to get a checking account in O’Fallon, you will be able to easily manage your finances. Today’s banks also offer updated services, such as online checking accounts that can be accessed at any time of the day or night. Whether you are considering opening your first checking account or are an experienced banker, here are some common checking account mistakes that should be avoided.

    Forgetting to Stop Automatic Payments
    When you set up online checking, you can arrange for some or all of your bills to be automatically deducted from your account. When you switch accounts, it is important to make sure that you cancel these automatic payments. If you neglect to stop the payments, you could run the risk of overdrafting your previous checking account.

    Writing a Check for More Than Your Account Balance
    While writing paper checks may seem like a notion of the past, there may be certain situations in which you must write a check to make a payment. When you write a paper check, it is highly important to make sure that you have sufficient funds in your checking account.

    Cashing a Post Dated Check Too Early
    When you write a paper check, you have the option of post-dating the check. This means that the check will be written out for a date that is later than the day that it has been issued. When writing or receiving a check, be sure to check the date before you make your deposit.

    For assistance with all of your checking account needs, be sure to visit GCS Credit Union. We proudly provide our customers throughout the O’Fallon area with a full range of highly rated banking services . Give our O’Fallon branch a call at (618) 797-7993 to learn more about how you can set up a checking account at our institution.

  • Tips for Managing Your Bank Account

    When you join a credit union in O’Fallon, you will be ready to open your first checking account. To get the most out of your first baking experience, there are several steps that you can take to manage your bank account. For example, if you will be using your bank account to pay bills, you may want to open a checking account. Online checking accounts offer easy and convenience access to your funds. To read more tips for managing your bank account, be sure to check out this video from Howcast.

    To open a checking account in O’Fallon , be sure to pay a visit to GCS Credit Union. We are pleased to offer a variety of financial services, and we can help you set up online bill pay with your account. Call us at (618) 797-7993 to learn more about setting up a bank account today.

  • Tips for Managing Your Checking Account

    Checking Accounts in O' Fallon How you manage your checking account can have an immediate impact on your debit history. Although not as important as your credit score, your debit history can affect your ability to open up new checking or savings accounts in the future. Mishandling a checking account can also result in fees, overage charges, and insufficient funds. To help you save money and maintain a good debit history, here are two tips for managing your O’Fallon checking account .

    Monitor Your Account Balance
    One of the best ways to keep your account in good standing and avoid over drafting is to monitor your account balance daily. You want to know exactly how much is in your account before you make any big purchase with your debit card. And if you setup automatic online bill pay, keep your due dates in mind so your account always has enough to cover your payments.

    Review Your Monthly Bank Statements
    Each month you will receive paper or electronic statements from your credit union. These statements provide an overview of your account activity over the previous month. Look over the statement and make sure there aren’t any unauthorized charges on your account. It’s not uncommon for businesses to accidently charge your account twice for a single transaction. In cases like these, a quick phone call to your credit union can resolve the issue and return your funds as soon as possible.

    GCS Credit Union offers numerous personal checking options that make managing your money easy. Whether you’re interested in a free checking account that pays high dividends each month or pays cash back on your debit card purchases, GCS Credit Union has the checking account for you. Visit our website to learn more about our personal checking and savings accounts , or call us at (618) 797-7993 to speak with one of our representatives.