Free Checking Account: Just How Free Is It?
What does it Offer? Just about everyone needs a checking account when they reach adulthood. And free checking accounts seem to be everyone’s preference because of its perceived “no strings attached” feature. There are no monthly charges and no minimum maintaining balance required. You can keep your balance as low as you like without incurring penalty fees. However, is the free checking account really free? Many people seem to think it is but if when you analyze it deeper, it would appear that “free” checking accounts are not so free after all.
About the Bank of America Student Package
The Student Package, an all-inclusive product suite, covers all of a student's banking needs: -- Free CampusEdge® Checking and Savings Account with Keep the Change® -- No monthly maintenance fees on checking for five years(1) and no monthly maintenance fee on a savings account after the first check card purchase, when the checking and savings accounts are opened on the same day with Keep the Change enrollment.(2) With Keep the Change, Bank of America will round up check card purchases to the nearest dollar amount and transfer the difference from their checking account to their savings account. Bank of America matches 100 percent of the transfer for the first three months and 5% thereafter, up to a maximum of $250 annually. CampusEdge customers also receive a Bank of America Photo Security® check card and have access to 18,000 Bank of America ATMs nationwide.
Choosing the Right Bank for Your Needs
When you’re shopping for a new bank make sure you understand a few things before stepping into the bank around the corner from your home. You should consider whether you are willing to pay higher fees for the convenience of the location, or if you are willing to make a little extra travel effort for lower fees. The first thing is to evaluate your banking needs. Here is a quick checklist of things to consider:
Rewards and Cash Back Offers for New Accounts
Do you like cash back and free gifts? Check out these offers running now across the banks. Qualify for gift cards, free iPods, or just plain cash for opening accounts with these banks. Get the Chase Freedom Visa Card today, and earn 5,000 points automatically that you can spend like cash. Additionally, get $50 back with your first purchase. To apply, click here You’ll receive up to a $125 value when you sign up for a Free Checking Account with Commerce Bank. To open an account, go to Commerce Bank. Flagstar Bank will put $100 in your account, when you open a checking account with them. Click here for the promotion.
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