Introduction:
Checking Accounts means the financial accounts which are transactional at any time when you need and they can be free from withdrawal charges if you use free checks. That means people are able to do debit and credit against your bank account at anytime and anywhere when you want by this checking account. Generally, Financial Institutions fix a monthly recurring charge for using checks while withdrawing money. But there are still some banks where no fees are applicable for the checks those are called Checking Accounts with free Checks. Let us know more detail about ‘Checking Accounts with free checks’.
Checking Accounts with free checks:
Checks against a bank account are not free of cost. Banks fix a charge in using checks by selling checkbooks to the customer. But it is known that checking accounts are used every day for withdrawing money, so the customer needs more checks. Though there is a lot of way of withdrawing or spending money that is kept in the checking account, the check is familiar to all the people even uneducated, old, etc. So, it will be easier and more flexible for the checking account holders if the bank provides free checks against checking accounts. There are several banks that provide free checks to checking account customers. These free checks are classified into starter and standard. Some banks provide one of them and some provide both.
The number of free checks issued may be limited or maybe unlimited for as long as the account is open. This will be fixed by the policy of the bank where the checking account is opened. Even different checking accounts are available for the customer of the banks. Banks and different financial institutions build many policies for getting checking account customers. But people who need this checking account should careful about choosing a bank where they want to open their account because Some banks try to trap the general public with fees. That’s why people should be aware of and properly acknowledge different terms and conditions before opening an account in a bank, especially, free checks and fees. Even a chargeless checking account is available which is known as a free checking account.
Checking Accounts:
Nowadays people are not comfortable carrying a large amount of money. That’s why they are dependent on the banks and like to pay their bills through banks. Checking accounts provide the opportunity for the customers to pay bills according to their day-to-day living needs. So, the money which a customer holds in his checking account is the money that can be transactional for everyday use. The primary distinctions between checking and savings accounts are as follows:
• A debit card is included with checking accounts.
• Withdrawals from checking accounts are typically unlimited.
• lower interest rates.
Free Checks:
A check is identified as a written document where an account holder orders the bank unconditionally to pay the right amount of money to a payee. Sometimes banks offer free checks to the account holders. Checking account users also get these free checks. Free checks are two types; free starter check, and free standard check. Here are some examples of the major US banks which provide free both types of checks to their checking account holders:
Ally Bank
• Free starter checks: 5 to 10 free starter checks.
• Free standard checks: All account holders get free checks.
Axis Bank
• Free starter checks: Available with Cashback Checking, World Checking, and Private Client Checking
• Free standard checks: Available with Private Client Checking
Bank of America
• Free starter checks: Almost ten free starter checks.
• Free standard checks: Available for preferred Rewards members and Advantage Relationship account holders.
BB&T
• Free starter checks: Available.
• Free standard checks: Available for Elite-Gold, and Senior Checking account holders.
Capital One
• Free starter checks: Almost ten starter checks will be issued as free
• Free standard checks: 360 Checking account holders will get 50 standard checks free of cost.
Chase
• Free starter checks: Only Chase-Premier-Plus account holders will get this free.
• Free standard checks: Available for only Chase-Premier-Plus account holders.
Citibank
• Free starter checks: Available up to 10 free starter checks for all.
• Free standard checks: Different types of users get different amounts of free checks.
Citizens Bank
• Free starter checks: Available when you open your account at the branch.
• Free standard checks: Preferred account holders receive free checks.
Fifth Third Bank
• Free starter checks: For $10, free checking account customers will get a 40-check Welcome Pack.
• Free standard checks: Preferred Checking account holders receive free checks.
KeyBank
• Free starter checks: A small starter pack will be issued.
• Free standard checks: Free checks are available.
So, there are a good amount of checking accounts available, and are charged various fees. A free checking account has no monthly fees. So, checking account users should use this opportunity to use it. It may provide free checks. Even other types of checking accounts also provide some or unlimited free checks. It is fully reliant upon the policies of the bank where the checking account is opened.
Frequently Asked Questions:
- Are our free checking accounts and free checks similar?
Answer: No. Free checking account means a checking account where account holders are not charged by bank authority for any monthly maintenance fees. On the other hand, the checks those are issued freely by the bank authority are the free checks.
- Can a bank issue free checks for their account holders?
Answer: Yes, they can. Generally, banks fix a charge for a checkbook. But there are many banks like Ally Bank, Axos Bank, Bank of America, Citizens Bank, etc. which provide free checks.
- Should a checking account holder use free checking account?
Answer: Yes. If there are available banks that offer free checking account, people should grab this opportunity. Because, a minimum balance is not required. Furthermore, the chance to build an account holder’s funds for free is one of the advantages of a free checking account.
