Great Time To Open A Checking Account

Right now it is a good time to open a new checking account. If you are looking to switch banks, do it now! However, when considering a new bank; you must first do your research. Many banks are offering great deals on checking accounts that are FREE and give you great benefits and rewards.

Now days, you should never pay maintenance fees for having a checking account, unless your CHEX System status prohibits you from qualifying for standard products (read post : Does You Name Appear on Chex System).

Look for free checking accounts that give you major benefits like free atm withdrawals, points for your debit card purchases, on line bill pay with free bank to bank transfers, free savings account, discounts on loans, better rates on cd's. The customers with the checking accounts get better deals. Also, check that your account is free of restrictions, like direct deposit and minimum balances and minimum amount of transactions per month.

Look for cash incentives too, banks offer cash bonuses for opening and activating your checking account. Do not open a checking solely for the purpose of getting a reward or a better rate, if you open a checking account under these circumstances than do not expect to be considered a valuable customer. Banks measure their client's value by the way their checking account is maintained. The checking account is the core of a banking relationship.

As always, feel free to post your comments about your bank, we can learn a lot from each other!