Smart + Frugal Banking | Best Online Banks + How to Choose One

<p>We all have to put our money somewhere, but how do we decide the best banking solutions? On this episode we explore whether an online bank is right for you, if credit unions live up to all the hype, and if you do choose multiple accounts how you should organize your money in them. We&apos;ll also go through our recommendations for the best banks with no or low fees!</p><p><b>Sponsors: </b></p><ul><li><b>Current:</b> is a mobile bank with an awesome user interface, no overdraft fees and no minimum balance requirements. Its app has a free built in budgeting tool, that gives you purchase notifications, and insight to your spending. Premium users can even break up their savings account into different pods which is super helpful if you’re saving for multiple things at once. And when you set up direct deposit you can get paid up to two days early! So, if you’re looking for another bank account to hold your emergency fund or something big you’re saving for then you’re definitely gonna want to try Current because we’re giving $10 to the first 10 people who sign up using our promo code &quot;FRUGALFRIENDS” for each episode. That’s FRUGALFRIENDS, all one word.</li><li><b>Being Uncomfortable:</b> that feeling of slight awkwardness and uncertainty about what’s happening next. Sort of how talking about things I am not an expert on makes me feel! Eleanor Roosevelt is quoted to have said ‘do something everyday that scares you’ well - for some of us that’s talking about and/or learning about intricate financial details so you can check that box for the day. Being uncomfortable: it’s less scary when you have your friends with you!</li></ul><p><b>Notable Notes:</b></p><p><b>What the Internet has to say:</b></p><p>This article comes from <a href='https://www.creditkarma.com/advice/i/how-to-choose-a-bank/'>Credit Karma</a> and outlines what you need to look for when choosing a bank</p><p><b>What Jen + Jill have to say:</b></p><p>Consider the following:</p><ol><li>What is your current financial situation?</li><li>What are your cur