Free online checking account
If your considering opening a free online checking account, there are a couple of key points you should consider when you you apply online for a free checking account.
'True' Online Checking?
Make certain your online checking truly is 'online.' Many brick & mortar banks offer it but they aren't actually online accounts. They may give you the ability to check your balance and pay bills. A true 'free online checking account' is basically a checking account, without the 'paper' checks. Routing and account numbers, direct deposits, debit cards, everything a traditional checking account has to offer. When you apply for a be sure it fits all of your online banking needs.
Credit Checks:
Most free online checking accounts are very lenient on a negative or bad credit history. In fact, you will find that when you apply online for an account, many online banks offer "100% approval", or no credit check at all. This can also be a great advantage for those with less than great credit history, allowing one to rebuild credit with a Visa prepaid debit card, for example.
Free Direct Deposit?
It's also important to make sure that when you apply online for an account that offers 'free' direct deposit. Many prepaid debit card accounts offer the convenience of direct deposit.
Debit Cards: Visa or MasterCard logo.
Personally, I prefer Visa it really makes no difference if you have a Visa prepaid debit card, or MasterCard. They are both very well known brands, though I find my Visa debit is accepted at more vendors, online and off. It's a personal preference, just make certain you have a major brand name associated with you prepaid debit card and online checking account.
Free online checking account
Friday, September 11, 2009
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