Opening An Online Checking Account? Read Before You Apply Online For A Checking Account!
If your considering opening an online checking account, there are a couple
of key points you should consider when you you apply online for a checking
account.
'True' Online Checking?
Make certain your online checking truly is 'online'. Many brick & morter banks offer 'online checking', but aren't actually online accounts. They may give you the ability to check your balance and pay bills. A true 'online checking account' is basically a checking account, without the 'paper' checks. Routing and account numbers, direct deposits, everything a traditional checking account has to offer. When you apply for a checking account online, be sure it fits all of your online banking needs.
Credit Checks:
Most online checking accounts are very lienient on a negative or bad credit history. In fact, you will find that when you apply online for a checking account, many online banks offer "100% approval", or no credit check at all. This can also
be a great advange for thos 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 checking account that they offer 'free' direct deposit. Many prepaid debit card and online checking accounts offer the convienience 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.
Ron Butterfield is a Loss Mitigation Specialist and aspiring author. He lives in sunny Redondo Beach, California.
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