5 questions to ask to better understand if you have the right bank accounts

If you have one checking and one savings account, you have what's considered, the typical accounts. But could you — and your money — be doing better?

PennyWise host Teri Barr is talking with Chanelle Bessette, a personal finance expert with NerdWallet, to learn why it pays to do an annual review of your bank accounts.

Chanelle also shares the five questions to ask yourself to understand if your current set up is working best for you or if it's time to consider some other options.

Past Pennywise episodes with Chanelle Bessette as the guest:

• 4 things to consider before changing banks
• Four of five Americans are choosing to reallocate their savings
• Looking for a different way to save money? 4 rules for starting your own savings circle

More from Chanelle on NerdWallet:

• Carver Federal Savings Bank Review: Checking, Savings and CDs
• Overdraft Protection: What It Is and Different Types
• Ask a Nerd: Will Interest Rates Continue to Rise?
• 4 Bank App Features You Might Be Missing Out On

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PennyWise is a show about money, personal finance, investing and travel. Hosted by Nat Cardona, the program features the financial experts from NerdWallet.