Saturday, December 15, 2007

Free Checking

In Buffalo M&T Bank started the Totally Free Checking years ago and other banks have followed. People should realize that the checking accounts that they hold that are earning less than .5%, but you are getting hit with $7 fees monthly for having an account labled "Interest Checking", arent worth while. You should open a Totally Free Checking Account at any of the banks, not just local, but now the nationwide banks all have free checking. What you should do after you set up an Totally Free Checking Account is jump on the online bank bandwagon and open up a savings account through one of the online banks to transfer money between the two accounts. I love the online savings accounts because it gets the money out of my hands, and is a few days away if I need it for anything, so it allows you to make the decision on an impulse purchase.

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