With lots of attractive checking account promotions being advertised in the media, this is the very best time for you to open a checking account. If you want to open a new account or have an active account that you are simply not satisfied with, you may wish to check with your present bank or competing banks to see what kinds of new checking account promotions there are. You might be pleasantly surprised at a few of the good deals you'll be able to find and various perks that may be accessible when you open a brand-new account.
Interest Bearing Checking
One type of promotion that you would certainly want to keep watch for is an increase in checking account interest rates. As you might or may not understand, interest earning checking accounts present a terrific approach for acquiring cash tremendously. These types of accounts virtually pay you for having your money in them, so if you're searching for a great way to earn money without having to do any work, this is definitely one promotion that you will wish to think about as long as you meet the criteria for it.
Absolutely no Fee ATM Usage Or Fee Reimbursement
One of the many other checking account promotions which you may come across is the 0 fee ATM usage promotion that numerous financial institutions will often times run. This can wind up saving you a lot of money in ATM fees if you happen to use them a lot. A lot of banking institutions will charge you extra if you make use of an ATM for withdrawing money out of your bank account more than a particular allowed number of times monthly. Usually the amount of ATM withdrawals which they allow before they begin charging you for is very small, in some instances less than 4 instances.
Cash Rewards Checking
An excellent promotion which banks are offering in order to convince people to become customers is cash back checking, which means if you invest a particular amount of money during a 6 month period or a 1 year period, the bank will pay you a percentage of that back in the form of cash. These can come with some strings attached like a minimal number of transactions, so make sure to read the fine-print if you want to open a brand-new account to make the most of the promotion.
Let's take a look at everything you stand to gain. Say you open up a new 3% cash back checking account with your preferred bank and you spend 0 in the first 6 months. At the end of which 6 month period your bank will basically put of the 0 that you spent into your account.
Sign Up Bonuses
Other excellent checking account offers that you might want to watch out for include sign up bonuses, which means the financial institution will instantly deposit so much money into your account whenever you create an account with them. Banking institutions will also offer cash bonuses for establishing certain features for your account for example direct deposit. This means that if you've the choice to set up direct deposit from your company directly into your brand-new account, your bank will reward you with a cash bonus.
Gather Your Options
If you're thinking about receiving the biggest bang on the benefits from opening a brand-new account, then you will desire to check out the many well-known checking account promotions which are going on as we speak. You'll be able to check out various websites and articles for several offers and ways which you'll be able to save money or even earn money when opening a brand-new bank account.