How To Get A Free Checking Account?

Answer 1

A free checking account is easy to apply for at any bank branch in your hometown. If you don't want to go into the bank and wait, you can apply online as well. If you decide to apply for a checking account online, you will need to have a current bank account at another bank, in order to transfer funds to the new bank.

When you go into your local bank, all you will need to bring is two forms of identification, such as a social security card and driver's license. It may be a good idea to call the bank before you go in to see how much it is to open up a free checking account. Once you're ready to open up your new account, go into the bank of your choice and speak with a representative. You don't need to make an appointment. If you don't want to wait a long time, it may be a good idea to go into the bank when they open in the morning.

The representative wants to do business with you and will ask you a series of questions about any banks that you have done business with in the past. They will tell you about all of the accounts that they have available. If you already know what type of account that you want, you can just tell them. Before the representative gets started with the paperwork, he or she will explain the fees, important features, and amount of the opening deposit. All of the paperwork is placed into the data system. It takes about 30 minutes to complete the process.

The representative will ask you to choose a four digit pin number, so that you can use your check card when you receive it in the mail. Also, depending on what bank you decide to open up a free checking account at, they will give you a notebook for you to place all of your future bank statements in and register your bank information online, so that you can check your account online anytime.

Answer 2

Getting a free checking account is an easy task to do these days, and banks everywhere offer this great option for their customers.

Find a bank

First, you need to research your different options for opening a free checking account. There are many different banks that offer a variety of products for their customers. Most people choose an actual brick and mortar bank that offers face-to-face interaction with employees. Brick and mortar banks include Bank of America, US Bank or Regions Bank. There is also another option, a virtual bank such as ING Direct, USAA or HSBC. These companies offer online free checking accounts.

Free checking accounts are a great option for customers. Do you research and find the best option for a free account. Banks use free checking to attract new business

Banks use free checking to attract new business. Banks hope that when you open a free checking account you end up purchasing other products from them. Banks offer many other financial products such as credit cards, auto loans, home loans, home equity loans and personal loans.

Opening your free checking account

When you have done your research and are ready to open up a checking account, there are some features the bank should offer. Look for banks that offer free online bill pay, free checks, free ATM or debit card and no charge to use ATMs outside of the banking family. Compare many banks to get the best option. Banks that offer free checking do have stipulations such as a minimum balance to open the account or require that the account is set up with direct deposit. By researching all the options, a solid decision for the best checking account is easily made.

Know your options

When deciding between a strictly online checking account versus a physical building, know your options. Most people enjoy having the convenience of choosing a bank that is near their home or place of work. There are also lots of people who choose to open checking accounts only online. There are some benefits to this option because it can save time, is completely automated and might offer a higher interest rate.

Research and compare many different banks and their products when opening a free checking account.