There are virtually benefits for senior citizens on any product or service in the market. One of the offers that are hardly discussed, are those offered by banks. There are a number of free for seniors offered by the banking sector which ought to be considered.
Account Packages
Some banks have various packages for seniors, particularly those over the age of 60. Some of the packages are meant for those who transact on a regular basis, at least once a week. These accounts offer people over 55 or 60 years, minimal or no fees on ledger and money orders. They may also have no monthly fees.
If on the other hand you do two or three major transactions per month, you may want to consider other options. For example, there are banks that offer up to three transactions for free. These bank accounts may also waive monthly charges to enable the elderly access cheaper banking services.
Reverse Mortgages
Another benefit that senior can access is reverse mortgages. Reverse mortgages turns around the way mortgages are done, and provide cash payments based on the home’s equity. This facility is available for seniors over the age of 60 and above. If you qualify, you can get the money in lump sum or in monthly charges.
There are several other free for seniors discount you can get through banks. You may be required to sign for the special packages and provide proof of age. To find these benefits for senior citizens you could simply visit your local bank and request more information.
Account Packages
Some banks have various packages for seniors, particularly those over the age of 60. Some of the packages are meant for those who transact on a regular basis, at least once a week. These accounts offer people over 55 or 60 years, minimal or no fees on ledger and money orders. They may also have no monthly fees.
If on the other hand you do two or three major transactions per month, you may want to consider other options. For example, there are banks that offer up to three transactions for free. These bank accounts may also waive monthly charges to enable the elderly access cheaper banking services.
Reverse Mortgages
Another benefit that senior can access is reverse mortgages. Reverse mortgages turns around the way mortgages are done, and provide cash payments based on the home’s equity. This facility is available for seniors over the age of 60 and above. If you qualify, you can get the money in lump sum or in monthly charges.
There are several other free for seniors discount you can get through banks. You may be required to sign for the special packages and provide proof of age. To find these benefits for senior citizens you could simply visit your local bank and request more information.