Free Online Checking

Free online checking used to be a service that was only offered by banks that operated only in the online sphere. Perhaps out of fear of losing customers, many of the major U.S. banking institutions began to offer online checking account services; Bank of America, Citi Group, T.D. Bank, and others began to simplify the process of viewing statements and canceled checks, placing stops on payments, and even paying bills. Initially, there were fees associated with there services, however, as community banks and credit unions began to offer free online checking services, many of them came around.

Individuals and businesses interested in free online checking now discover that there are a wide variety of options available to them. If you are looking into checking accounts that provide you with free online services, it’s important to know that you’re researching and comparing your options. After all, it’s your money; online checking accounts are supposed to make it easier for you to manage your account and your monthly budget.

How can you be sure that you’re looking at the right free online checking account?

First, if you currently have a bank that you are happy with, call them and ask whether or not they offer online accounts and what the advantages may be. Simply put, if you’re happy with the services that you have, you may find that staying with the same bank allows you to continue to access those services.

Once you’ve talked to your own bank, you’ll be ready to take the next steps – something that you may want to do even if you are happy with what your bank has to offer.

Here’s why: different banks offering free online checking offer a variety of additional perks as well. Everbank, for example, offer a high-yiled interest rate on internet checking accounts. Some banks that offer free online checking are actively recruiting new customers; Chase is offering up to a $100 bonus to new customers who activate direct deposit into the account, who make a certain number of transactions with the associated debit card, and who use the online bill pay service. Ally’s internet checking accounts’ terms of service include no ATM fees charged by the bank on any withdrawal – no matter where you are in the country.

Over time, even small perks can add up. Managing your finances online, therefore, is not only more convenient, but also it can be extremely rewarding. When you take the time to research and consider your free online checking options, you’ll find that you’re in a position to choose the account that offers you the greatest benefit.