Are you one of those who are planning to get Business Checking Account in year 2015? If that’s so, then just keep reading this post ahead, as I will be explaining everything about this type of account and way to create it as well. I believe that all of you are well aware about what this particular account type means, but still, I shall start with explaining the type first.
Checking account is one of the easiest and best methods available out there to protect your hard-earned money. Whatever money you save in checking account is very liquid and you can withdraw it anytime you wish to using the number of ways available that includes electronic debts, checks, automated cash machines. Many types of accounts that include business accounts, joint accounts, student account are part of this particular account type. Generally, you don’t get a high interest rate on the money saved in the checking account.
Also Read: Best Individual Retirement Account For 2015
Since there are many options available to you when opting to open a checking account, you must take care of several facts before making final decision. A checking account be like which can afford you maximum benefits.
To help you out in the selection task, I am here writing about best checking accounts in the next section.
Best Checking Account for 2015
Let me end clouds of curiosity here and tell that the best checking account for 2015 is Schwab Investor Checking. There are many reasons why it is so. Do know those reasons below.
- No fees
- No minimums
- Interest on your deposits
- Free checks
- An ATM card
- Deposit checks via different ways that include pre-paid envelopes or via iPhone app
Business Checking Account
If you are looking to open checking account for your business, then this section is must read for you. I will write about how to open free business checking account online as well, but before that, let me talk about the features of good checking account.
First and foremost, good checking account will allow you to bank more efficiently. A checking account with low monthly fees, low minimum amounts, large no fee ATM network is surely among the best ones available for you.
If there is no monthly fees, then you don’t need to be concerned about the balance at all. Of course, such accounts require you to perform a specified number of transactions minimum. Don’t worry, the minimum number is always very low and you can achieve it with ease.
There are few banks that offer interest if you maintain high balance. You just need to do little hard work to find the bank that offers the best. Since the checking account is for business, so you must be feeling need of ATM from time-to-time. So, make sure you opt for a bank with large no fee ATM network.
Why a Checking Account is Important
Let’s come to important discussion- Why a Checking Account is Important?
Low account fees, ATM networks, interest rates and minimum balance are some of the top-most reasons to be mentioned here. The checking account has its importance because it provides you the easiest pay to protect your money. You get a number of options to withdraw the money, which is nothing less than a boon in any business. You get flexibility in withdrawing money, in paying to others.
Not only protection of money, but also you get simple ways for paying for products and services. If you have check card to pay, then door to various online retailers and hence multiple shopping options get opened to you.
Checking account ensures top-notch protection against theft and other damages. In case of losing the card or getting it stolen, you can get it deactivated in no time. Getting replacement for the card is pretty easy as well.
Types of Checking Account
By now you know a lot about the checking account. It’s time to make you aware about the types of checking account. The next section covers it.
Student Checking Account – This is meant to fulfill the needs of students. They generally have lower balance requirements and fewer fees. Even the students are provided the options for debit cards and online banking. Of course, these are important for students.
Joint Checking Account– This checking account is meant for the couples. The applicants need to sign on on the dotted line. With this, they agree to mutual responsibility of the account.
Checking Account Comparison
The comparison can be done on the basis of factors that I just provided above in this post. So, just keep them in mind and check which bank’s checking point’s feature befit the best. Of course, opt for that one.
How to Open Free Business Checking Account Online?
I hope you are done selecting the bank you want to opt for. Just go to the official website of that bank and you will get all info about how to open free business checking account online. Simple!
Raj Kumar is a qualified business/finance writer expert in investment, debt, credit cards, Passive income, financial updates. He advises in his blog finance clap.