Checking Accounts Online

Many people have found that if they are having difficulty opening a checking account off line, at their local bank, due to some credit problems in the past that they can easily open checking accounts online.  Not being able to have a checking account in today's society is very difficult.  If you find yourself in this situation you may be able to turn to the internet for help.  Many financial institutions online will allow you to open a checking account no matter what your credit history.  But remember, as with everything in life, some of these banks are better and more reputable than others.  Before you open the account there are some questions you need to ask.

Here is a short list of some of the things you will need to be on the lookout for before you decide to do business with any online bank.  Unfortunately when people are desperate that's the time all the screamer's come out to play.  Make sure to protect yourself from further financial damage by doing your homework before you do business with anyone, online or off.

           1.  First thing you will need to do is to decide what exactly you need.  What services do you really need, like direct deposit and a debit card, and what services can you do without? Answering these questions first will help you narrow your search for the very best bank for you and your needs.

             2.  With so much competition nowadays, you should be able to find a bank that offers truly free checking.  A lot of banks will say they have free checking but if you carefully read the fine print you will find that there are actually a lot of fees associated with the account.  Make sure you don't have to pay any type of monthly fees, and check to make sure that the bank you are considering doesn't require you to maintain a minimum balance.  If you're on a tight budget having to keep $100 in your account that you can't touch, just doesn't make sense.

Of course you will have to pay a fee to order new checks and possibly some of your ATM transactions, but you shouldn't have to pay a fee to write a check or make a deposit.

               3. Make sure that whatever bank you choose to open your account with has a reliable, and easy to use, website.  This will be the only way you will have to transact business with your bank.  If their website is out of commission very often you won't have access to your money, not good.  You also want to make sure that if you ever need to contact someone, you can.  It would be best if their customer service department was 24/7 but that doesn't have to be a deal breaker.

Whether you have had some credit issues or you just think that getting checking accounts online is a good idea, you must know that you have a lot of options.  Don't just rush into anything.  Take some time and ask some questions to make sure you know exactly what you're getting with your online account.  This is particularly important if you are trying to rebuild your credit.  You don't want to make a financial mistake that could set you back even further.