Where Do I Go to Get a Background Check

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Do people still keep their money in the mattress or under the bed rather than putting it in a bank? According to census data compiled by the FDIC, eight percent of America's 115 million households don't have a checking account at the moment. That's 9.2 million households that still believe they're better at looking after their money than banks with their high levels of security and insurance to cover all eventualities. If you're part of the eight percent and you're looking to make a change to your situation, we'll offer some advice on the best checking accounts on offer across the nation.

Good Checking Accounts

If you've not got an account, all you'll need is a good checking account. There are loads on offer now that are very similar so we're not going to recommend one bank over another. Rather than choosing the bank, you've heard of or your local bank, take your time to work out which is best for you. Find out if there's a monthly maintenance fee for the account. Is there a minimum amount you need to deposit to open the account? Are you asked to pay a fee for statements and other administration, and finally, what APY rate is the bank offering on your deposits? It also makes sense to check if the bank is FDIC-insured as not all of them are.

When you're looking for the best internet checking account, you have to ask the same questions that we posed before, but you also need to find out other things like how user-friendly the website is and which ATMs you can use if the online bank isn't attached to a major national or regional chain. Some operate through the Allpoint network, which is a chain of 55,000 surcharge-free ATMs across the globe. Others pay back the fees paid when you access your money through an ATM.

Senior Checking Accounts

If you're a senior citizen, you'll find a few perks to opening a checking account created for your age range, which varies from 55 to 65 years-old depending on which bank you join. The perks change from bank to bank, but most offer fee waivers with their senior checking account. You might find that the benefits don't add up though as you can avoid maintenance fees by keeping a balance in a lot of standard checking accounts, and the minimum balance to qualify for interest might be higher than a standard account meaning you could lose out.

Business Checking Accounts

If you need a bank for your business, get a commercial checking account rather than channeling the money through your personal account. A small-business checking account, for example, will operate in a similar way to your personal account, but with a few additional things to consider. A monthly service fee is pretty standard with this sort of account which should be something like eight to twelve dollars a month. An excess transaction fee that typically charges less than one dollar for each transaction over a set amount is also something to consider. A cash handling fee that charges you when you've deposited more than a set amount is also something that will come out of your profits if you're not careful.

Bonuses for Opening New Checking Accounts

Should you take advantage of the bonuses on offer with new checking accounts or focus on other things when choosing which bank to deposit your money in? The bonuses are enticing and they can give your bank balance a great boost as some banks offer hundreds of dollars when you open an account with them. In the long-term, this short-term gain can leave you with an account that doesn't pay out much interest and swallows your money in fees, so the bonus should only be used as a way of choosing one bank over another.

Apply for a Checking Account

What do you need when you apply for a checking account? You will need to bring along some form of ID. In most cases you have to have a government-issued photo ID, the most common of these is a driver's license. The bank will also require you to have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) to open a checking account so make sure you've got your Social Security card or proof of your ITIN.

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