If you are looking for a free Internet checking account there are a few things you ought to bear in mind. The following is a checklist about the things you should think about in order to find a free Internet checking account that will satisfy your needs.
What To Look For In A Free Internet Checking Account
As with any type of check account, a free Internet checking account will probably need some or all of the following:
Any online checking account (free or otherwise) should provide you with the best rates possible. You should also look for an Internet account that gives you interest compounded and credited monthly.
If a free Internet checking account charges you some sort of handling fee just for holding the account, then it is not free. Check the details to see that the free Internet account is actually free! This may sound obvious but there should be no monthly fees associated with a free online checking account. Find out if there are any charges levied for a minimum amount and also enquire about costs for certain additional services.
You also need to enquire as to whether a given free Internet checking account charges for checks written over a certain limit per month. You may also want to drill down to the detail of debit card usage and any associated costs per use.
Free Checking Features For Internet Accounts
Check the Internet checking account to see if there is any protection for your account, especially around unapproved overdrafts and fraud. Does the free Internet checking account enable online bill payment, online banking and money transfers between accounts without charge?
Will your online checking account charge you for paper statements? How much will they cost? You will also need to know if free Internet checking accounts are FDIC insured.
Finally you should understand the application process to open a free Internet checking account. What information will you need to provide? What are the security features of the online checking account? Is there any additional security you require?
Summary For Internet Checking Acounts
When you are looking for a free Internet checking account you may decide to begin your research online and search for the right one for your needs. There are actually many of them available online. Of course, interest rates and fees may vary between organizations but create a checklist for yourself and ensure that any account you consider meets your basic criteria..