Financial Fundamentals Blog

Save money with your WOW checking account

Woman sitting in her living room while reviewing her checking account statement


Many of us are looking to save money where we can. We all know that we should cut down on how many lattes we get from coffee shops and cancel streaming services that aren’t used often, but there’s only so much that those things can do. It’s time to consider saving money on a basic necessity that may not have occurred to you: Your checking account.


How to Save Money with Your Checking Account

Your checking account should be more than just a place to store your money. You should be able to trust your financial institution and receive additional benefits that help you meet your goals.


Rewards Debit Card

Your debit card should do more than just what you need it to. Similar to several credit card options, your rewards card should offer benefits such as rewards points for everyday purchases.


For example, our WOW checking account rewards debit card enables members to rack up their rewards points with every purchase. On top of that, it has added peace of mind with real-time email or text alerts that can help you monitor shady transactions to reduce fraud and keep track of your spending.


No Fees or Balance Requirements

Think there’s no such thing as a free checking account? That’s incorrect. There are plenty of free options out there that go above and beyond a basic checking account. No monthly fees or minimum balance requirements will help you save money while not worrying about spending it to pay your bills.


No ATM Fees

ATM fees may not seem that bad. It’s just a few dollars here and there, after all, right? Wrong. Those “little” fees can really start to add up and put a dent in your income. 


When you’re looking for a checking account that’s a good fit for you, make sure to check on the ATM fee policy. For example, 7 17 Credit Union’s WOW checking account offers free, unlimited ATM access at all 7 17-owned ATMs.


Overdraft Protection

Things happen, and everyone can make an honest mistake that results in an overdrawn account. One of the most important things to find out about a new checking account is overdraft protection.


Your checking account should enable you to add a financial safety net to your account so you can avoid large merchants’ fees, denied transactions, and bounced checks. Not only will you have the peace of mind that comes from knowing you have a safety net, but you’ll also save money on overdraft fees.



Some checking accounts pay interest to account holders and some don’t. The highest-yielding annual percentage yield (APY) rates are around 1 percent, while 7 17’s WOW checking account has a 2 percent APY that’s compounded and paid out monthly. However, it’s important to make sure you understand the qualifications to earn APY.


Reach Your Goals with a Checking Account That Works for You

Signing up for a checking account involves so much more than just signing on the dotted line and having the minimum initial deposit. It also means evaluating what the account offers and how it aligns with your goals. Don’t settle for a basic checking account that doesn’t offer any additional benefits.


Looking for a checking account that enables you to save money can make you feel frustrated and a little bit like Goldilocks, trying to find an account that’s just right for you.


However, there are several checking account options that will allow you to check off all of the boxes on your checking account wishlist. Make the easy decision with plenty of benefits with 7 17’s WOW checking account.