Setting up a Bank Account

Selecting a bank can be a daunting task, but by considering a few key factors, you can find a bank that meets your needs. Here are some steps to follow when selecting a bank:

1. Determine Your Needs: Consider what you need from a bank, such as online banking, mobile banking, ATM access, overdraft protection, credit cards, or loans. Different banks offer different services and features, so it’s essential to identify what you require from a bank before making a decision.
   • Things to consider:
     • Many ATM machines, not affiliated with your bank, will charge a fee for use that ranges from $1.00 – $4.00 per transaction), therefore, the location of your banks ATM machines is an important factor to consider in your decision-making process
     • Many banks will offer credit card applications that require personal information (like your social security number). It is best to apply through a reputable bank and avoid responding to unsolicited applications that may come through the mail to protect your personal information.
2. Research Banks: Once you know what you need, research banks that offer those services. You can start by looking at banks’ websites, reading reviews, and talking to friends and family about their banking experiences. You can also use comparison websites that allow you to compare the fees, interest rates, and features of different banks.
3. Compare Fees and Interest Rates: Compare the fees and interest rates charged by the banks you’re considering. Look for banks that offer low fees and competitive interest rates. Consider whether the bank charges monthly maintenance fees, ATM fees, overdraft fees, or other fees that could affect your finances.
4. Check Account Requirements: Banks have different requirements for opening and maintaining accounts, such as minimum balance requirements, monthly deposit requirements, and transaction limits. Make sure you understand these requirements and choose a bank that fits your needs.
   • Things to consider: If you choose to obtain checks for use in purchasing items or services, keep these in a safe place, to avoid fraud or theft of your hard earned money!
5. Visit the Bank: Once you’ve narrowed down your options, visit the banks in person to get a sense of their customer service, the atmosphere of the bank, and the convenience of their location. Talk to the staff and ask any questions you may have.

By following these steps, you can find a bank that meets your needs and provides the services and features you require.

UAMS has a bank conveniently located on the Little Rock campus with additional locations in Fayetteville, AR. See their details below:

Little Rock- UAMS

UARK Federal Credit Union

4301 West Markham, Room G301
Little Rock, AR 72205

BillPay: 833-576-4402

Call or Text: 501-686-6419
Fax: 501-603-1980

Lobby Hours
Monday-Friday
8:30AM – 4:30PM

UAMS Mailing Address:
4301 West Markham Slot 534
Little Rock, AR  72205