Banks who offer free checking accounts

Checking accounts have been around for many years. In the old days the customer was issued a letter of credit by their bank and allowed to write their own check based on that. This was convenient for people who traveled a lot and didn't want to carry cash. The principal is still the same. You deposit your money in a bank and they issue blank checks to access the money in your account.There are many different types of checking accounts they are based on the amount of money you are willing to deposit, how much you will withdraw, and fee. The most common type for the average consumer is a household account. With this type of account there is a minimum balance to carry, usually five dollars to one hundred dollars. There are also extra features depending on your bank. Some banks offer free checking with a minimum balance and even free check blanks. There are some that have check cashing security, so if you write a check for over the amount of your balance the bank will deposit the money in … [Read more...] about How To Choose A Checking Account That Will Fulfill All Your Needs

Checking accounts are also becoming useful now-a-days as you can have money directly electronically transferred in and out of them using EFT (electronic funds transfer) or similar system, in which case it's just like writing a check except no scribbling is involved and it happens nearly instantly. This is useful for many things such as paying bills etc. A key ingredient for small business success is a good relationship with a bank and a need of proper checking services. There is one such form called direct deposits that makes the financial process much easier.Direct deposit helps in instead of receiving a check for your financial aid, your aid funds are deposited electronically into your checking account at the bank you choose. This helps in delivering your Social Security or Supplemental Security Income (SSI) benefit into your bank, savings and loan or credit union's account quickly and safely.To get this business checking account you have to pay a small amount in the form of deposit. … [Read more...] about Direct Deposit Checking Accounts

Free checking is a specialized account provided for the customers who do not prefer to keep a minimum balance in their checking account. Free checking accounts are scarcely available but a few banks do facilitate this kind of account. Surveys on checking accounts reveal that the number of banks offering this account is deteriorating. There are a few restrictions that apply to some accounts that are- the requirement for direct deposit and/or no return of canceled checks.However, it doesn't mean that the banks are ready to compromise on their NSF (non sufficient funds) charges and ATM fees on the pretext of free checking.Free checking has been proved as a boon to its customers as they are relieved of minimum balance and direct deposit requirements and also are exempted from paying monthly service fee.A wide variety of advantages are associated with this facility. A few of them include, free Check Card with free Visa Extras, free Online Banking with Bill Pay and free automated telephone … [Read more...] about Free Checking

When it comes to checking, free sounds great. Hey, we all want to spend less. But you should understand how it works before you sign up.Banks offer free checking as a way for you to save money. You won't have to pay the service charges every month. In order to sign up, you usually have to make a small deposit to open the account. Most free accounts have no balance minimum requirements. Some will even offer you free checks with your free checking account.The best free checking accounts have the following features:No minimum dollar amount on transactions Unlimited checkwriting No low balance fees Free ATM card No charge for direct deposits Free online access to your account Free checks, either unlimited or so many a month free online bill payThere are even a few free checking plans that offer:Overdraft protection plans No charge to use your bank's ATMs Reimbursement of ATM feesIt is rare to find all of these features in a plan, but the more you find, the better the plan. Shop around and … [Read more...] about Is Free Checking For You?

Checking accounts are the places where you'll be keeping the money that you'll be using soon. By making use of checking accounts, you can buy things without having to carry around cash. Irrespective of if you write paper checks or have a debit card linked to your checking account, these accounts can be quite useful.It is necessary to carefully go through your various options before you open a checking account with any bank. The right checking account will allow you to take full advantage of all the features of a checking account without costing you a lot of money in fees or forcing you to maintain a high balance to avoid those fees. Choosing the wrong checking account can cost you a lot of money.Most banks offer special accounts to older people and accounts with low minimum balances or free check writing.To open a checking account, you'll first how to show the bank some proof of identity, your Social Security number and the address of the place where you live. A driver's license or a … [Read more...] about How to Open a Checking Account