Chase Checking Account

Now that Chase has rooted themselves in Southern California and taken over several credit cards, they are offering a free $125 for opening a new account with them. All you have to do setup up direct deposit and the bonus is yours.

Now why do you have to setup direct deposit you say? Well the answer is simple. Chase Bank doesn’t simply want you to open an account for the free $125 and scamper. They hope that by setting up direct deposit that you’ll be an active client. I’d say that this amount is enough for those to push someone that has had just enough about their current bank and this is just enough to get them to make them to move to a new bank.

Chase Bank doesn’t offer much in the perk department but for some it’s good to know that they have a good amount of locations versus accounts that you can open at Schwab Bank, E*Trade and Incredible Bank.

  • Free access to 15,000 Chase ATMs nationwide
  • Free online bill pay
  • Chase Debit Card with liability protection
  • Access to more than 5,100 Chase branches
  • No monthly fee with direct deposit or at least 5 debit card purchases

USAA Free Checking Account

USAA’s Free Checking Account is another in long list of online checking accounts. It’s important to note that USAA doesn’t have any branches so therefore all deposits and transfers need to be online. This account is only for USAA members which means that you must be enlisted military personel, though there are some exceptions. You can find them here.

It’s also important to know that USAA has exceptional customer service. They are always ranked amongst the top in customer service in nearly every category they enter. I could only imagine it’s the same level of service you’ll receive whenever calling in for customer service on your free checking account.
USAA Free Checking offers the basics every online checking account has to offer. They do offer Nationwide Free ATM Withdrawls, No Monthly Fees and free online banking. However, there’s a catch with the Nationwide Free ATM Withdrawals.
So what does USAA Free Checking have to offer?

-Free WorldWide ATM Use
-Free Deposit@Home for Qualifying Members
-Free Bill Pay
-Free Unlimited Funds Transfers
-No Monthly Fees
-Free Online Banking
-Pays Interest

Any Catches?
Yes, limits on ATM withdrawals, no in-branch deposits and checking account interest rate is nowhere to be found.
-Free Deposit@Limit 10 Free ATM Withdrawals and $15 refund limit on other banks charges.

-Members Only – Account Membership is reserved only for Active Duty Officers and enlisted Personnel.

Interesting note here. Normally, online checking accounts don’t have an easy way of depositing to the account unless setting up a transfer. USAA combats this with Deposit @ Home which lets you scan your checks from a scanner and have them deposited online. It’s a pretty neat feature for those that normally recieve paper checks and it’s a great alternative.

Electric Orange Checking Account from ING Direct

You’ve may of heard of ING Direct for some time now. They’ve been on the rise for more than a few years now promoting their new online checking accounts. Overall, the Electric Orange Checking Account is a pretty good offer.

Since this is an online checking account it’s important to know that they don’t have any branches. You’re likely to have this online checking account in conjunction with a local or national bank that has local branches.
Once you open this online checking account, you’ll have to add fund via an electronic transfer or mail in a deposit to your checking account. Setting up an account to transfer funds into this checking account isn’t too difficult. Once setup and confirmed, you’re likely to be able to transfer within a matter of days into your online checking account.
Electric Orange Checking Account Features

-Free ATM Access
-Electric Checks
-FDIC Insured
-Earn Interest on your Checking Account – Current Rate of 1.75% APY (Balance Under $50K)

Things to know.

-1.75% APY can increase if the balance is over 50k though if you have over 50k sitting in a checking account there’s other types of investments you should be evaluating.

-No local or nationwide branches. You’ll have to have a local banking account to be able to transfer from.