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Checking Account Deals

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As I mentioned in a previous post, USAA Bank offers a great free checking account. Another good choice is Compass Bank. Like USAA, Compass Bank has these features:

  • No minimum balance requirements or monthly maintenance fees
  • No direct deposit requirement
  • Free use of any bank's ATMs with rebates of other banks' ATM fees
  • Free checks for life of account


Compass Bank goes beyond USAA in that they claim unlimited free use of any bank's ATM and unlimited rebates of other banks' ATM fees. USAA Bank offers the first 10 non-USAA ATM withdrawals for free per statement cycle ($1 each after that). For rebating other banks' ATM fees, it rebates up to $15 per account per statement cycle.

Compass Bank has a table to compare its checking account with other common banks. The table for Compass Banks in Texas is here. Out of six services listed, most banks like Bank One, Chase, Wells Fargo, and Bank of America only offer one. Wachovia has 2 of the 6 and Washington Mutual has 3 of the 6. Different banks are compared for other states (Alabama, Arizona, Colorado, Florida, and New Mexico).
Comments
Anonymous
  |     |   Comment #1
Don't forget that with USAA if you use your debit card as a credit card when you make payments they refund you 1% of the purchase price, paid back to you once a month. We get about $10 to $15 back each month by doing this.
Banking Guy
  |     |   Comment #2
Thanks for the info about USAA. That debit card feature sounds great.

-Ken
ahmadkareem
  |     |   Comment #3
I am a Navy Federal Credit Union member and am trying to become a USAA member. I was on active duty 10/1996-10/2000, USMC. Is there any possible way that I can become a meber?
Banking Guy
  |     |   Comment #4
You may want to check my latest USAA post here. I provided some links and info that may help.

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