Checking Account

Checking Accounts with Interest Rates

A checking account is a bank account that allows customers to deposit and withdraw funds while having the protection of FDIC insurance. Checking accounts allow account holders to write checks as a form of payment instead of cash. Account holders also receive ATM/debit cards to withdraw and deposit money from ATMs usually for free if you use your banks ATMs.

Almost every bank will offer a checking account to their customers. Some banks require a minimum deposit that varies from bank to bank. Most banks will require a form of ID and proof of address if you don’t already hold an account with them. Most banks will offers student checking accounts that have little to no fees for low income students. Some checking accounts will yield interest if your checking account falls into certain balance ranges. Here are some of the checking accounts that Bromoney has reviewed:

First Community Bank 4.01% Rewards Checking Account
Get 4.01% APY from First Community Bank.
United Federal Credit Union 6.01% APY Interest Checking Account
Get 6.01%from United Federal Credit Union.

As a checking account owner, it’s your responsibility to keep track of your funds. Banks will issue monthly statements of your banking activity, but you need to stay on top of your funds on a daily basis so you know what your cash flow is like. You should never write checks that can’t be cashed immediately. If someone attempts to cash a check for which you don’t have the available funds, that is known as a “bounced check”. The result of a bounced check is usually a hefty fee from your bank, so you should take care to never bounce a check on your account. Not only that, but you will have to setup another payment for the recipient of your bad check. Some banks will issue the payment, and post a negative balance on the check writer’s account. This is called overdraft. An overdraft on your account typically also comes with a large fee.

To keep track of your funds you should check your monthly statements, keep track of your funds by checking your balance at ATMs, and checking online or over the phone for your balance total. If you’re thinking about opening a small business checking account it might be harder to find free checking, but they do exist.

As long as the account holder stays on top of their balances, checking accounts are both convenient and safe. A savings account is useful for larger sums of money to collect interest on, but a checking account is useful for money that needs to be spent and moved around. If you’ve been reported to the ChexSystems database you may need to open a second chance checking account.

53 thoughts on “Checking Account”

  1. Pingback: First National Bank of Dieterich 4.01% Checking
  2. Pingback: Everbank 3 Month Money Market and Checking Promo
  3. Pingback: ING Direct Electric Orange $50 Checking Bonus
  4. Pingback: Chase Bank Checking Account Free $100 Promotion
  5. Pingback: Bank2 Offering 5.01% Interest Checking Account
  6. Pingback: Probity Financial Services
  7. Pingback: Artisans’ Bank Offering 4.01% APY Checking Account in Delaware
  8. Pingback: Comerica Bank $230 Checking Account Promotion
  9. Pingback: Free $160 Checking Account Promotion at FBOP Banks
  10. Pingback: Free GPS Checking Account Bonus at Key Bank
  11. Pingback: Free $100 Checking Account Bonus at Dollar Bank
  12. Pingback: First National Community Bank 4.51% Checking Account
  13. Pingback: Beacon Bank 4.01% Interest Checking Account in Minnesota
  14. Pingback: Free $100 Checking Account Bonus from M&T Bank
  15. Pingback: PNC Bank Free $75 Checking Account Bonus
  16. Pingback: Clear Sky Accounts Interest Checking Account
  17. Pingback: Harleysville National Bank $75 Checking Account Bonus
  18. Pingback: Free $200 Checking Account Bonus at Metropolitan National Bank
  19. Pingback: United Federal Credit Union 6.01% Checking Account
  20. Pingback: First Robinson Savings Bank 6% Checking Account
  21. Pingback: Fairmont FCU Offering 5.01% Checking Account in West Virginia
  22. Pingback: Free PowerCost Monitor Checking Account Bonus from HSBC
  23. Pingback: Free $101 Checking Account Bonus at Sterling Savings Bank

  24. I know I had received one last week but I didn’t know I was going to need it but I started working for this company that uses chase so I went to open an account and the lady told me to call her with the code and that she will honor it. I went to open an account with chase today but I would like to get the cupon code.

    Reply

  28. i would lovw to open free checking account and salso get cupon coce and also direct deposit from u.s. treasury dept

    Reply

  29. i would love to get free checking and coupon also have direct deposit from u.s treasury into new account

    Reply

  31. I want to know my net banking password because i want to do internet banking by oriental bank of commerce, So Please you help me about this process

    Reply

  33. hi i did received this the email from you thing you very much for that opening this account but i do have want to no about the account that is open and what bank is it the bank of america or u s, bank i have fine that what you did to me thing you very much i did right this comment.

    Reply

  39. This is a pretty detailed beginners guide on banking. It contains some pretty relevant information that some people ignore. For example, keeping track of bank statements. Seems easy right? Well a lot of people don’t actually do this…

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *