Best Perks for a Family Checking Account

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There are many elements that may go into the process of choosing the perfect checking account for your needs. For families, there are all sorts of things that you’ll likely need to keep an eye on. However, it can be easier than you think to find a good checking account for your family. Especially if you’re trying to find the best possible account, you need to know what options are right for family checking accounts. Here are a few great perks for family checking accounts.

1. Cash Back on Purchases

Cash back perks are generally a great option for checking accounts. No matter who you are, getting cash back on your purchases is a pretty great add-on, even if it’s a fairly small cash back percentage. Credit cards are often better when it comes to cash back perks, however, so even if you don’t get cash back on your checking account, there are other options available out there.

2. Sign-Up Bonuses

A sign-up bonus can be one of the best ways to kickstart your checking account, and many companies offer these sign-up bonuses with fairly lax requirements. The Chase Secure Banking account, for example, is currently offering a $100 bonus when you complete 10 qualifying transactions within 60 days of opening your account. This is easy, as there aren’t even any purchase thresholds that you have to meet to be eligible for this bonus. That makes it a great option for many families.

3. Maintenance Fee Waivers

Maintenance fees can be a frustrating part of having a checking account. These are fees that a bank charges you every month just for having an account open with them. Fee amounts can vary dramatically, but no matter how large the fee is, it’s important that you find out whether there’s a way for you to waive the fee. Even if it’s only a few dollars per month, that’s still going to eat into your savings opportunities. Waivers are often available with a certain daily balance on the account.

4. Referral Program

A referral program can also be a great way to save money with your checking account. As a family, you’re almost certainly going to be making new friends regularly, and that means you’ll be expanding your circles on a regular basis. A Refer a Friend program can give you a way to introduce those new friends to something that you think will be helpful for them, as well as getting a benefit from having them sign up.


When you’re going through different checking accounts looking for the right one for your family, you’re probably going to be thinking about a number of different elements. However, it’s important that you don’t ignore any of these four elements. While you might choose an account that doesn’t have some of these perks for whatever reason, it’s best to look for an account that meets your needs in as many of these categories as possible for the best results.

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