Update About Bank of the West:
Bank of the West is owned by the large French bank, PNB Paribas. It is very likely the decision to no longer offer free checking…
Free Checking Account Names
Created 09/25/07
Updated 02/14/12
If your bank or credit union is considering introducing a free checking account, or renaming an existing account, this list of free checking account names…
Refusing to follow the lead of the four mega-banks, senior management at Pittsburgh-based PNC Bank announced recently that it will continue offering free checking to its customers. According to the…
It’s important to distinguish between online-only banks that offer a free checking account and being able to apply for a free checking account online.
This brief article will cover the internet-only…
Here’s a story that’s almost too good to be true. It’s your classic David versus Goliath story.
Instead of sitting back and remaining silent as the big mega-banks attempt to destroy…
Attention financial writers – many of the articles over the past year about the pending death of free checking are based on erroneous information.
One of our goals with this site…
ATTENTION CONSUMERS: Not all free checking accounts have the word “free” in them. Yes, I agree it doesn’t make sense for a bank or credit union to offer a free…
The banner ads are all over the Internet.
Recently, the marketing team at Ally Bank began aggressively marketing the checking account it launched in January 2010 – a free checking account.…
Attention bankers and consumers: Free Checking is alive and well and isn’t going away anytime soon!
On the other hand, if you believe a majority of the media stories on the…
I’ll start by setting the record straight on the origin of the free checking account. It wasn’t created by a banker. It was created in 1982 by a team of experts working at a small direct mail agency located in Lincoln, Nebraska.
It was one of seven unique checking accounts that were combined with a free gift and marketed as a complete turnkey marketing program under the name of Totally Free Checking and a Free Gift Too!
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Free Checking Account Bonus at Widget Financial Credit Union in PA
Deposit Accounts (blog) Widget Financial Credit Union (formerly Erie General Electric Credit Union) is offering a $77 bonus for opening a new free checking account. Unfortunately, the credit union’s reward checking account (HD Checking) doesn’t qualify for the bonus. The … |
Deposit AccountsFuture of Free Checking and Reward Checking AccountsDeposit AccountsI recently had a conversation with a manager of a credit union with a reward checking account. Like many institutions with reward checking accounts, they have found it …
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Uncle Sam doesn’t get free checking
MarketWatch (blog) The U.S. government maintains more than 13,000 bank accounts with nothing in them, according to the Washington Post. That’s about 7% of all federal government accounts. But strangely, the government still has to pay service fees on each empty account, … |
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Free checking cuts both ways for TCF Bank
Minneapolis / St. Paul Business Journal (blog) TCF Bank reported Friday a $25.5 million profit in the first quarter on revenue of $291.8 million. Revenue dropped by about 3 percent from the prior quarter and 15.5 percent from the same quarter one year earlier. After interest, most of the bank’s … |
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Free Checking Bites TCF in 1Q
US Banker TCF Financial Corporation (TCB) in Wayzata, Minn., missed analysts’ first-quarter estimates as a service charges and fees declined. The $18.5 billion-asset company said Friday it earned a quarterly profit of $25.5 million, after losing $283 in the … |
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Huntington’s Asterisk-Free Checking and Bonus Review
Deposit Accounts (blog) Checking account promotions are still common at large banks, but one thing that’s not common are free checking accounts. Huntington Bank is one large bank that’s still has a free checking account. It’s called Asterisk-Free Checking. It has no monthly … |
Bethpage FCU Survey Finds Free Checking Brings Them InCredit Union TimesFree checking is what brought in the new members to Bethpage FCU in the second half of 2012, the big New York credit union said. The $5.4 billion Long Island institution said a sur…
Credit Unions OnlineLatest Study: More Credit Unions Offer Free Checking Over BanksCredit Unions OnlineConsumers may need no further proof that a credit union is a money saver after hearing the latest results from a study conducted by Bankrate.com. Ban…
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Survey finds most credit unions offer free checking
Dayton Daily News A majority of the nation’s largest credit unions offer free checking accounts with no strings attached, but the number is declining, according to Bankrate.com. A survey of the 50 largest credit unions in the U.S. shows 72 percent offer free checking … |
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Free Checking Far More Prevalent at Credit Unions: Survey
American Banker Since 2010 the availability of standalone free checking at credit unions has fallen slightly from 78%, while the percentage of such accounts at banks plunged from 65%. “While banks have significantly scaled back free checking accounts, free checking … |
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Free Checking Still Widespread at Credit Unions
New York Times (blog) Nearly three-quarters of the country’s largest credit unions still offer no-strings-attached free checking accounts, a new report from Bankrate.com finds. By comparison, fewer than half of banks — 39 percent — offer “stand-alone” free checking … |
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Want free checking? Try a credit union
New Pittsburgh Courier If you’re looking for a free checking account, a credit union is probably your best bet. More than two-thirds, or 72 percent, of the nation’s 50 biggest credit unions still offer free checking accounts without minimum balance or direct deposit … |