Open Free Online Checking
of Free Online Checking Accounts
Where do you do your banking? In this day and age you most probably have heard of
an online checking account. More and more people are opening a free online checking account. If you haven’t yet
opened a free online checking account, maybe it is something that you should seriously consider. This is a great
time to be a consumer due to all of the options available to you that allow you to open a free online checking
If you currently have a bank account with a large national bank, a regional bank,
a local bank or a local credit union, you have probably been approached or received some type of offer in the mail
by that bank or another offering you the chance or an online checking account. You may have heard the phrase that
when banks compete, you win. Well, this is definitely one of those situations where that saying applies. Maybe
you’ve been approached by a new bank with an offer to open a free online checking account with them; maybe your own
personal banker has been the one making you that offer. If you recall the benefits that they listed of opening an
online checking account with them, it was probably an extensive list of benefits.
You might even be one of the consumers who actually did open an online checking
account with a bank and were disappointed by some of the fees that were ultimately charged, because you neglected
to read the fine print about the potential fees that could be levied upon you and
when. A free online checking account is a sort of luxury in that
you have to ultimately meet certain requirements in order to qualify for that free checking
Open a Free Online Checking Account
Having a good credit score can help you get approved to open a free online
checking account. Having a low credit score can get you denied from being able to open a free checking account. If
you already have a checking account with a local banking institution in your area, this can definitely help you to
qualify to open a free online checking account.
Many internet banks are opening up all over the place, and they allow you to bank
purely online. It is because of the savings that they gain from you solely being able to conduct all of your
banking business online that they are able to offer their customers a free online checking account. Many of these
internet banks or online banks offer; free check writing; free debit cards; some have free rewards with their debit
cards; free ATM usage…even from competing banks; unlimited check writing; and some of these banks even allow you to
open a free online checking account with no initial deposit!
This is where reading the fine print comes in handy, because some of these bans
with these free online checking accounts also state in their legal clause that should you enter the lobby of the
bank to conduct a transaction with either the ATM in their lobby or make a transaction with a teller, you will be
assessed a banking fee. In many instances these fees can be very steep.
When you open an online checking account, you need to be able to adjust your
lifestyle. If you are used to using the ATM in the lobby of a bank or if you are used to speaking with a bank
teller, those are things that in some case you will have to do without. This is not the same with all free online
checking accounts, just some. And when you open a free online checking account, you need to make sure that if this
is the clause for your free online checking account, you will want to avoid doing these things in order to avoid
having to pay a banking fee. If you are a creature of habit who finds it impossible to do all of your checking
online, if you find that you will need to have the interaction of a bank teller every now and then, make sure that
you free online checking account offer you those benefits.
There are many great benefits to maintaining a free online checking account and
there are disadvantages as well. It is your job as the consumer to weigh the positive and negative and then decide
if it is to your benefit to open a free online checking account.