Tuesday, August 07, 2012

Checkless Checking vs. Our FREE Checking

On Sunday, August 5, 2012 The (Cleveland) Plain Dealer ran an article by Teresa Dixon Murray called, "Bid Your Checkbook Goodbye."

Murray discusses the latest trend in banking as an online service with a prepaid debit card for transactions. We like to explain how our FREE checking trumps prepaid debit cards when it comes to fees and services. And we think our FREE checking is better than the bank's checkless checking accounts.

Here are some questions she suggests you ask if you're considering a checkless account and our answers:
  • Can I physically deposit checks or cash to my account at ATMs or in branches?
  • Are there fees to make deposits?
    • No.
  • Can I pay bills or send checks to individuals online?
    • Yes. We have FREE online bill pay that includes both PopMoney for person-to-person payments and the ability to transfer between FI's.
  • If I set up bill to paid at a future date, when will the money be deducted from my account?
    • Bills paid using our online bill pay are deducted from your checking account when the bill is paid or the date you choose to remit payment.
  • Do I get a monthly statement?
    • Yes. You can also view your account information online, with MATT touchtone telephone, via mobile phone and through our 24/7 member center.
  • Will you check my overdraft record with ChexSystems before approving me?
  • Is there a daily limit on ATM withdrawals or purchases?
 Click here to read the entire article.