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10 Steps For Choosing An Internet Checking Account

Tuesday, September 6, 2011 - 3:15 PM
Many people may be looking for a new bank after they get hit with new fees from their megabanks. For those people, this Time article provides some basic advice on what to look for in an internet bank if they want to replace their local checking account with an online checking account.

If you were going to have just one checking account, what internet bank (or credit union) would you choose?
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Tuesday, September 6, 2011 - 3:41 PM
If I lived in Texas, I guess I would make Security Bank my one checking account.  It's the one bank that I could find that pays around 3% interest on a cap of $50K.  But, alas, I live in Califormia so that's not an option for me.
dunkerdunker136 posts since
Jun 11, 2010
Rep Points: 414
2. Tuesday, September 6, 2011 - 5:38 PM
That's a tough one Ken. Ally Bank is a good choice as a core internet bank to move money around. Meanwhile, I like having a small local bank or a credit union to conduct business in my town along with the availability of a safe deposit box. Currently I have three different checking accounts and two money market accounts. Only three of these accounts are really active.
ShorebreakShorebreak2,696 posts since
Apr 6, 2010
Rep Points: 14,620