Banks in Flint
For a list other local banks, click here.
Banking Terms and Explanations
Automated Teller Machine (ATM): You can complete many transactions at an ATM, including cash withdrawals, deposits, and transfers between checking and savings accounts. You can also view your account balance. This is free at your own bank and its branches, but you may be charged a transaction fee when you use a different bank's ATM. You will need an ATM card or debit card to use the ATM machine.
ATM Safety Tips: ATMs are conveniently located all around Ann Arbor and on the U-M Campus. They are convenient, but you must be cautious when using one. Thefts do occur, usually at night and in poorly lit areas. You can protect yourself and your property by following these easy tips:
- Stand directly in front of the ATM, so no one can see you enter your personal identification number (PIN)
- Do not keep your PIN in your wallet or with your ATM Card.
Credit Card: A credit card allows you to charge items without having to pay the costs immediately. A monthly statement will show the charges made on the card and the amount you have to pay the credit card company. If the full amount is not paid by the due date, fees and a high interest rate might apply
Credit Unions: Credit Unions are different from banks because they may have lower fees and higher interest rates for checking and savings accounts. They may also offer car loans and credit cards with lower interest rates than other banks. UM Credit Union will save you money on a variety of financial services including checking, savings,and online banking. The UM-Credit Union is conveniently located on level 2 of the Pavilion next to the Cashier's Office.
Debit Card (also called a Check Card): A debit card is connected to your checking account and is used almost like a regular credit card (such as MasterCard or Visa), except that the charges made are deducted from your checking account immediately upon purchase. Your debit card can also be used in the ATM machine. There is no charge for the service, but there may be a limit on the number of transactions per month. Check with your bank.
Direct Deposit: Direct Deposit can be used to have your salary deposited into your bank account by your employer. There is no charge but there may be a limit on the number of free direct deposit transactions per month.
Minimum Opening Deposit: This is the amount needed to open a bank account. You might have to pay a monthly charge if the balance drops below a certain level during the month.
Online Banking and Bill Paying: Online banking allows you to visit a secure website and check your bank balance, transfer funds, et. Most banks offer online banking free of charge if you have a checking account with them. Ask your bank about any charges for services.
PIN: Personal Identification Number is needed for use at ATM machines and Visa Check services to verify your account
Statement of Account: Every month you will receive a statement of account for your checking and/or savings account in the mail. It reflects all activity in your account(s) and gives your current account balance.
Traveler's Checks: Banks will cash your traveler's checks only if you are a member of their bank. However, some banks will cash traveler's checks to non-members if they have a private agreement with the check company.