Student Debt and Credit Education Blog

10 Reasons Why My Checking Account Beats Yours

Posted in Financial Information by Little Miss Platinum

Got your own checking account? If so, do you love it or just feel it’s a necessary part of becoming an adult? I love mine and let me tell you why.

1. I hate ATM fees so I never pay them.
2. I hate to pay for a checking account so I don’t have to.
3. I hate paying for checks; I don’t do that.
4. I hate to keep a minimum balance, I don’t bother.
5. I hate to worry about where my bank is if I move.
6. I love free ATM Debit cards.
7. I love to earn interest on the money in my checking account.
8. I love to make free online payments for things.
9. I love to be able to get direct deposit from my employer.
10. I love free online banking so I can manage my money from home.

Are you feeling checking account envy? Don’t because there are banks out there which offer students all of this and more. If you don’t have a checking account- get one! When you apply for loans you will be asked if you have one and they help boost your credit score.

Consider opening a new checking account ASAP to save money at ATMs and make money on your balance. If you already have a checking account, switching is easy. Just open the new one for free and keep the old one open for a little while. Gradually start depositing and paying bills from the new one so there is a smooth transition.

Below are the best options to start 2009 with a smarter checking account.

ING Electric Orange Checking Your FDIC-insured Deposits Earn Interest – Your everyday money shouldn’t cost you, it should help you save too. Comes With FREE Stuff: Free MasterCard® Debit Card for all purchases Free Online Bill Pay Free ATM access at over 35,000 locations through the Allpointâ„¢ network Free postage – they’ll mail your paper checks for you Impress Your Friends – Show ‘em how cool you are. Securely email them an Electric Check. Free of course. Learn More

E-Trade Financial MAX-RATE Checking No ATM FEES at any machine, any bank, anywhere nationwide via unlimited ATM fee refunds FREE, one-click transfers to and from any institution Advanced Features Unlimited check writing Online check and deposit image Free online bill pay and advanced reporting. Learn More

If you are a scholarship point collector try CHECKBABY for 10 points at www.ScholarshipPoints.com.

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• Do I need a credit card for college?
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46 Responses to “10 Reasons Why My Checking Account Beats Yours”

1. Chester Taylor says on December 30, 2008 at 2:26 pm:

   Credit Card Guy is the greatest. He has our back ha ha. I hate ATM fees, they are way out of control. If I can get a checking account than reimburses me I’m all over it like a spider monkey.

   Reply To This Comment
2. katherine says on December 30, 2008 at 2:45 pm:

   i have a checking account and i love it too

   Reply To This Comment
3. Andria says on December 30, 2008 at 4:15 pm:

   I have this checking account and I love it!

   Reply To This Comment
4. Shashi says on December 30, 2008 at 5:01 pm:

   I have a checking account and I love it too.

   Reply To This Comment
5. lisa says on December 30, 2008 at 8:07 pm:

   i dont have a checkings account yet

   Reply To This Comment
6. Mike G says on December 30, 2008 at 10:07 pm:

   Couldn’t live without mine…

   Reply To This Comment
7. Raychel says on December 30, 2008 at 10:52 pm:

   I have a checking account and I love it. But the first time you mess up, you’re definitely going to be paying for it.

   Reply To This Comment
8. Anna says on December 31, 2008 at 12:46 am:

   I have checking account too, and i think it is the good thing to have!

   Reply To This Comment
9. gina says on December 31, 2008 at 2:10 am:

   I love desert schools but I never use an atm

   Reply To This Comment
10. Derrick says on December 31, 2008 at 12:51 pm:

    I love my checking account also, especially for direct deposit. I move a lot and it saves me a lot of hassle.

    Reply To This Comment
11. Jake says on December 31, 2008 at 1:37 pm:

    We have military banking through my grandfather’s service.

    Reply To This Comment
12. CHRISTOPHER says on December 31, 2008 at 1:49 pm:

    I LOVE MY CHECKING ACCOUNT WITH USAA THEY HAVE GREAT RATES AND ITS ALL ONLINE I CAN MANAGE EVERYTHING FROM HOME. bEST PART IS THEY REFUND ALL MY ATM FEES

    Reply To This Comment
13. Josie says on December 31, 2008 at 3:39 pm:

    I also have USAA- they’re free, have awesome interest rates, free debit card issued, free checks as often as I need them, I can pay bills online, manage my accounts online, transfer money from checking to savings, and back again for free- there is no minimum balance on either my checking or savings accounts. If I accidentally overdraw my account, it will automatically pull from either my savings or from my credit card to prevent a fee. I can call them for financial advice for free any time I want, from how to save more to how to invest. I also can have direct deposits from an employer or other source. ATM fees are always refunded. My absolute favorite thing is that I can electronically and safely deposit checks from home right into my account- it takes minutes, opposed to sending a deposit slip in the mail! I <3 USAA. Oh, and did I mention that they have great insurance rates too?? My car and rental insurance is also through them!

    Reply To This Comment
14. MANUEL says on January 5, 2009 at 9:23 pm:

    do they really automatically refound the atms or is like any other bank that they tell u that and wont do it if you dont ask for it?

    Reply To This Comment
15. Baffour says on January 6, 2009 at 12:25 pm:

    I love my Checking Account.. Its perfect!!

    Reply To This Comment
16. Meghan says on January 7, 2009 at 8:38 pm:

    I love my checking account. I got it after I got my first job and I’ve been trying to save up money. However, it is my check card that I dislike; it’s too easy to spend money without thinking about it!

    Reply To This Comment
17. anaise says on January 8, 2009 at 2:12 am:

    this is very insightful. I personally love my checking account

    Reply To This Comment
18. Robyn says on January 9, 2009 at 4:11 pm:

    Having a check card is a good thing when the bank is closed, you still have access to your money without having to use cash.

    Reply To This Comment
19. Ariel says on January 10, 2009 at 3:21 pm:

    I have a checking account and it is amazing!

    Reply To This Comment
20. Ashtin Henninger says on January 12, 2009 at 8:51 am:

    A check card/debit card is a good thing if you know how to manage it and are responsible with it. You have to know what your doing. There are all types of hidden catches.

    Reply To This Comment
21. Julie says on January 17, 2009 at 2:52 pm:

    My checking account gives free checks, no atm fees-ever….4% interest monthly on any money I do have in there. No fees of anykind and it is a local bacnk.

    Reply To This Comment
22. morgan says on January 18, 2009 at 4:14 pm:

    i just opened a checking account

    Reply To This Comment
23. morgan says on January 18, 2009 at 4:14 pm:

    i just opened one

    Reply To This Comment
24. Nikki says on January 21, 2009 at 9:24 pm:

    i love my checing also

    Reply To This Comment
25. Carly says on January 27, 2009 at 6:47 pm:

    Great!

    Reply To This Comment

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