A checking account is probably the best financial account to choose. It will allow transferring of funds, accessing your financial Accounts, and carrying out many other financial services.
Most of the services come at a cost. For example there is a fee for making deposits, withdrawals, opening an Account to issues checks or even when you fail to maintain your Accounts. Majority of people do some sort of research before they pick an account. They look for an account that provides certain basic services free, such as accessing Account for free or the one that meets your specific requirements.
These requirements for the best financial account vary from one individual to another, mostly depending on whether the account will be used for business purposes or for personal use. Keeping these points as a basis, most of the Credit Unions have offered few alternatives to choose from and many of them are free to entice customers looking for free services. For most of the part, free accounts will provide you with great array of information and is sufficient to address most of your issues.
Free Checking Accounts
Free Checking Accounts are totally free and anyone who qualifies for them can apply for one. They are among the best financial accounts. However, the government requires that checking account can’t be marketed as “free” if consumer can potentially be charged a maintenance or activity fee. However you need $25 to open your free account and from thereon there is actually no minimum requirement. Free checking accounts holders are also eligible for free Visa plastic card and access to free Rewards Programs. Account holders earn points each time they use their account for any regular work such as for making purchase or transferring funds. Free checking accounts are an awesome choice for customers who are just beginning or those clients who won’t be maintaining high balance.
Bonus Debit Checking Account
Similar to Free Checking Account, even Bonus Debit Checking Accounts are absolutely free. However you need $25 to begin. There is no minimum requirement to maintain the balance. You also get access to huge number of ATM networks that you can use at your convenience at no extra cost. You also earn cash-back and win extra reward points on certain occasions from your Credit Unions. These occasional offers are highly motivating and may even help you earn free Visa Platinum card based on your reward points that you earn each time when you use your card either at ATMs or at shops to make payment for your purchase.
Best Financial Account: Points of Interest Checking
These are some of the best financial accounts to consider and they are free. However, as I said earlier, you need $25 in deposit to begin with. You are going to enjoy the same advantage as in the case of Bonus Debit Checking Account holders. There is an additional advantage of this account. You get to earn higher interest payout on your first $500 transactions. However this $500 transaction should come from your first six exchanges. What’s more, you also get your first box of checks for free.
Moreover at a later stage if you decide to open another financial account or move up to a free account, your nearest Credit Union has it for you. Apart from a variety of options for free financial accounts to choose from, you also have access to a free online account to enable you to check your balance effortlessly.