If you’re like most people, keeping all of your money in cash is not an option. After all, with online bill pay, shopping, and security concerns, cash is no longer king. Instead, you’ll want to open a checking account at your local bank. However, even with modern technological advances, many people are still hesitant to open a bank account.

Here are a few distinct benefits of opening a checking account at your local bank:

• Safety: Even if you have a great home security system, there’s always the chance that someone will break in and steal your belongings. Any cash you have on hand or choose to store at home is at risk and cannot be traced or recovered should it go missing. Every reputable bank in the United States has insurance that protects your money while it’s kept at the financial institution. This means you’ll have the backing of the federal government should your account suddenly get drained by a cyberthief or withdrawn by an imposter.
• Access to ATMs: When you’re out and about, you may not always have access to your cash, especially if you’re far away from home. Opening a checking account gives you access to an ATM through your debit card, which allows you to withdraw cash when you need it. However, should you not have access to an ATM, you’ll be able to use your debit card to pay for items as needed. All you need to do is enter a personal identification number and approve the amount.
• Easy Check Cashing: When you don’t have a bank account, you’ll need to find a place to cash your paycheck. Many of the businesses charge you fees for each check you cash and, over time, they can add up. Banks allow you to deposit and cash your checks for free, as long as you have an account with them.

A personal checking account gives you more options and access to your funds each day. Instead of hiding your cash under your mattress, open an account with Putnam 1st Mercantile Bank in Cookeville, TN. Their experienced bankers will work with you to ensure your funds stay safe day in and day out. Learn more about their services online, and call (931) 528-6372 to schedule an appointment with a personal banker.