subject: A Quick Overview Of Simple Methods Of Finding A Bank Account Online [print this page] Simply entering the search words in your browser is the easiest method of finding a bank account online. Your search will return many links you might use to open personal savings or checking accounts or even business bank accounts. You may submit the application whenever it is most convenient for you without trying to work in a visit to the bank.
Examine the kind of bank account you want and focus on the links that indicate they offer the type you need. Not all banks feature all the different kinds of bank accounts available. As an example, some banks do not provide debit cards for business accounts or free checks for personal accounts.
If there is a specific bank with which you want to do business, you just search by the bank name. Most will have an online application center where you can enter your information. You can also search for and visit a website for a broker who works with many different banks. This can be beneficial if you feel you might have problems getting approved for an account due to past banking issues.
Be sure and check what fees are charged before you commit to an account. Some will waive the monthly service charge if you maintain a minimum balance. Others do not require a specific balance for free checking but limit the number of checks you can write during a month. Some pay a little interest on checking accounts, while others offer free debit card purchases. Think about how you will use the account so you are able to select the best fee structure for your situation.
Some people think that they will have problems opening a bank account if their credit bureau history is poor. This is normally not the case. Very few banks check your credit report. Almost all of them, however, will check your record with one of the bank history agencies. These agencies monitor returned checks or other problems with bank accounts. If you are concerned that you may have negative information on file with one of them, you can request a free copy annually of your report. This enables you to determine whether you are going to need one of the special account types.
After you are approved online for a bank account, it still has to be funded. Each bank has different policies. Some accept initial deposits charged to a debit or credit card. Others might insist you make a personal appearance at a local bank to complete the first transaction. Some banks accept deposits by mail, and most will let you use direct deposit for funding your account.
Normally, you have a limited time period to make your initial deposit or submit any documents requested when you open an online account. Some will hold the account open for sixty days, but others will allow you only thirty days. Be sure and verify such details, especially if you plan to fund the account with a monthly payment, such as a government benefit check.
by: Gretta Speasers.
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