By Susan Willis

In this shaky economy, banks still need to get new customers and there are thousands of banks vying for your business right now. Similarly, most average citizens still need a bank account just to be able to make their way in todays world: we need ATM access, we have to be able to write checks, and we prefer to pay bills and check our bank balances online.

If you are looking to open a new checking account, you have a lot of needs, including:

1. You need the bank to be FDIC-insured, meaning that if the bank were to go out of business, you would still be able to get the full amount of your current balance paid back to you. Lets face it the main reason we put our money into banks is for an added measure of financial security.

2. You need to be able to access your cash from anywhere, via a readily-available ATM network. And, you dont want to be charged a fee by your bank for using another banks ATM machines.

3. You need your bank to offer an online banking option. This means that you would like to be able to access your account balance, make balance transfers, and pay your bills from any place that has an Internet connection. This is just something that most of us have come to expect from our banks, in this day and age.

4. Of course, in order to have a bank account, you need your bank to accept your application in the first place. This sounds obvious, but it is actually a real concern for many people whose new account applications have been rejected by one or more banks recently. If this has been happening to you, your name may have been reported to something called Chex Systems. This is simply a database that many banks use to determine whether someone might be a risk to the bank if they were to become a new checking account customer. Bottom line: if your name appears in Chex Systems, these banks will reject your application outright.

In addition to these needs, many people also have a few wants vis–vis their new account. One of the most prominent of these wants is to have a no-initial-deposit online checking account. If this describes you, you want a new checking account that you can apply for online but that does not require that you make an initial deposit to apply for your account.

There are some banks that meet all of these conditions both the needs and the wants listed above. The reason it is hard to find such banks that seem almost too good to be true is that the banks with the loudest voices those multiple-billion dollar banks hat spend the most money each year on advertising are the ones you tend to hear about first and most often instead.

Truth is, by doing just a bit more research, you can find the bank of your dreams that is FDIC-insured, offers nationwide ATM access, has online banking, does not refer to Chex Systems when considering your application, and does not require an initial deposit to open the account. Do your research and dont give up you will find the right bank that offers the checking account you have been looking for.

About the Author: Heres a no-initial-deposit online checking account that will never charge you overdraft fees ever:

escape-overdraft-fees.com/

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Source:

isnare.com

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