Don’t you hate it when you look at your checking account and see less money there because of fees you were charged?
And isn’t it annoying when you look at the requirements of checking accounts of many traditional/brick and mortar banks? (Are you checking the requirements? Gotta ask.)
They say they have free checking but you have to fulfill a maze of requirements: have a direct deposit with them, have an account balance of at least X for the month, stay under Y transactions… It’s hard to keep up!
As technology and the internet have grown, companies have stepped up and recreated the wheel, so to speak. A number of banks have introduced free online checking accounts that are easy to use and full of features.
And because these companies are online and don’t have to manage physical bank locations, they can offer their customers more benefits such as higher interest rates, cash back rewards, and free services like bill pay – all nice bonuses in addition to a free online checking account.
Are you not with me yet? Fine. Understand that there are many checking accounts out there that are chock full of serpentine fees just waiting to suck your hard-earned money out.