Take UBT with you
Good news, graduates: You don’t need to do anything with your UBT account or your debit card once you graduate, even if you’re moving out of state. If you have a Simply Free UNL Checking account and chose ATM fee freedom as one of your features, for example, you can still enjoy free use of ATMs wherever you go (minus any fees from the ATM owner). And there are lots of other daily banking functions you can perform from anywhere through UBT.com or the UBTgo mobile app,* including:
- Deposit checks on the go
- Pay bills online
- Pay a friend or family member with Zelle®
- Transfer money between accounts, even external ones
- Set up e-Alerts
- Sign up for paperless statements
- Use mobile wallets like Apple Pay
- Update your contact information
- Check your balance
- And much more
Start your finances off strong
Once you’re out on your own, one of the best things you can do for yourself is to put some processes in place that set yourself up for success. Whether it’s creating a budget, setting up automatic payments, or consolidating your student loans, anything you can do to make your finances easier to manage will go a long way toward building good money management habits. Here are some things to consider:
- Set up direct deposits for your paycheck — and if you can, consider diverting a portion of each paycheck automatically into a savings account. This is a great way to save without having to think about it, and since the savings deposits are made automatically when you get paid, you’ll never even notice the portion that’s missing.
- Create a detailed budget that accounts for your monthly (and even yearly) expenses, like rent, utilities, insurance, car payments, etc.; any savings goals you have; and how much money you bring in each month. Determining your monthly costs and income will help you establish how much money you have left over to spend on nice-to-haves like entertainment or shopping.
- If you’re starting a new full-time job, be sure to take full advantage of any benefits your employer offers, like health insurance, retirement plans, and matching programs.
- Look into consolidating your student loans. Doing so could help you lock in a low interest rate and give you a single predictable payment each month for a specific term.
Consolidate your high-interest-rate education loans into a lower monthly payment. With great rates and no origination fees, we’ve partnered with Nelnet Bank to bring you the very best in education loan options.
Stay on track
As we mentioned in our last tip, creating a budget is crucial to staying on top of your finances. We can’t stress it enough: Budgeting knowledge is financial power. Getting a handle on your income and spending now will pay dividends in the future. But that's not the only step you can take to get yourself on track for the financial future you want. Now might also be a great time to start working on building your credit! Consider opening a credit card with a low spending limit, then using it to make a few purchases each month that you can pay off in full. Doing so will help you start creating a history of on-time payments, a low debt-to-income ratio, and responsible use of credit.
Need some pointers? Check out our Credit 101 video for a quick crash course.
From salaries and benefits to time off and wellness initiatives, our work environment keeps our employees engaged, challenged, and rewarded. Join us and see for yourself.
Let us help you with milestones
Whether it’s time for a grown-up set of wheels or you’re looking to buy your first home, we want to be there to help. Our lending teams can help you find the right loan for your needs and walk you through the buying process. Plus, we’ve got plenty of resources for you to review as you start considering your options:
- Check out our first-time home buyers guide
- Crunch the numbers with our auto loan calculator
- Get answers and guidance from one of our many helpful experts
Invest in the future
In addition to contributing to your employer’s retirement plan (we recommend the max amount that’s being matched!), there are lots of steps you can take now to improve your financial outlook for tomorrow. For starters, it’s smart to build up an emergency fund that’s equal to 3-6 months’ worth of necessary expenses (rent, utilities, phone bill, car payments, etc.). It’s good to have this emergency fund on hand in case you’re in an accident or unexpectedly lose your job. Once that money is built up, you can start thinking about other savings goals — a down payment for a home of your own, perhaps, or a special trip — and planning accordingly.
You might also consider dipping your toe in investing. There are plenty of online tools you can use, or you can meet with one of our investing experts to discuss your options. Check out our Learning Center resources for more tips.
No matter where your life takes you or how you choose to manage your finances, UBT is here to help, and we’re always just a phone call away. We wish you all the best on your new adventures and look forward to coming along for the ride.
Important Information About Procedures For Opening A New Account—
To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you; we may also ask to see your driver’s license or other identifying documents.
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1 Transactions typically occur in minutes when the recipient's email address or U.S. mobile number is already enrolled with Zelle.
2 Must have a bank account in the U.S. to use Zelle.
3 In order to send payment requests or split payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle.
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