When it comes to choosing a bank, the options are seemingly endless. With so many products and services available, it can be difficult to decide which option is right for you. As you consider options like community banks, credit unions, national banks and digital-only banks, there are a few key factors to keep in mind. To help you find the right banking institution, here is a quick guide to choosing a great bank:

1. Know Your Options

Before you can choose the best bank for you, the first step is to determine which type of accounts you need. Some prefer to maintain all of their accounts – savings, checking, money market and other products – with just one bank. Others prefer to spread their funds in order to take advantage of the market’s best rates. Take some time to explore your options so you can determine what works best for you.

2. Understand Rates and Fees

Fees and rates are important considerations when choosing a bank. Banks can charge fees for things like ATM use, monthly maintenance, statements, overdrafts and much more. If you are looking for a single bank to house all of your accounts, it is especially important to understand how much you will earn on your deposit accounts. In most cases, banks maintain rate and fee schedules for online consumption. If you are unable to find the rates for a specific bank, consider giving them a call for assistance locating this information.

3. Look For ATM and Branch Access

Another thing to think about as you shop around for a great bank is the availability of ATM and branch locations. When making this decision, focus on finding something that works for your lifestyle and unique preferences. If you prefer to be able to speak to someone face to face, an Internet-only bank may not be the best option for you. Similarly, if you are an avid traveler, you may want to consider a bank that allows you to withdraw cash from wherever life takes you.

4. Explore Digital Features

As the world becomes increasingly digital, banking technology has become more user-focused than ever before. Many banks are now offering a variety of digital products like apps and online banking to help customers stay on top of their balances, as well as other finance companies offering services suck as payday loans online. If you are unable to make it to a branch during business hours, you will want to look for a bank that offers a mobile app with remote check deposits. In addition to mobile check deposits, other sought-after technologies include automated savings, budgeting tools and the ability to transfer money to friends or family.

While it is no secret that finding a new bank can be challenging, there are several things you can do to help make the search go more smoothly. In addition to following these simple tips, you can also check out companies like GOBankingRates. Sites like this strive to help consumers bank smarter by finding the bank that best suit their individual needs.