The online checking world spells convenience. More and more people are now comfortable with an online checking account without the need for physical branches. For those who do not have an online checking account but considering it, there are a few things to take into consideration when opening an account.
Choose a checking account online that has a debit card and/or ATM. It is vital to access your money with an online checking. This should be a strong debit card attached to the online account with a free ATM to use. The website of the bank or financial institution should be good. A good one will respond fast and easy to navigate and understand and should be available 24/7. Determine also if the bank has free bill pay and checks. Find out the limits on the checks you can write if that is important for you.
You also have to determine if your online account has an attached savings account to make it easier for you to spend your account money to your savings account and vice versa. If you have a connected savings account, it will be easier for you to transfer funds. Most of all, make certain that your online checking account is insured by the FDIC, up to $250,000.