One of the best and most effective ways to maximize the ease by which you conduct your banking activity is to locate and secure the services of a reputable online banking establishment. There are several very worthy candidates to choose from, but Charles Schwab offers the very best online banking service at the time of writing. There are several reasons for this.
Why Is Online Checking Important?
First of all, why is online checking such an important modern development? Who needs it? The answer is very simple: You do. Let’s face it, the entire world is moving online. This covers practically every component of the human interactive experience, from shopping to reading to education to, yes, banking. Who wouldn’t prefer to bank from the safety and comfort of their home rather than risk an unpleasant drive in the middle of rush hour – or waste their lunch hour standing in line at the bank?
Online banking allows you to handle all of your transactions from your home PC, or from a lap top at the airport, hotel, or wherever you may be. And handling your account online also gives you the freedom and discretion to be on top of your account balance the very second it alters, due to a planned payment or withdrawal for any purpose. Paper checking just doesn’t give you this luxury. Besides, if you’re overseas, you don’t have the time to be on the phone with your accountant every moment of the day.
Charles Schwab: Excellent Online Checking
Charles Schwab offers excellent online banking opportunities to its customers. In fact, this venerable institution is one of the world’s finest – and freest- when it comes to clients obtaining excellent benefits with very little outlay or effort. While other online banking offers come with excellent benefits, Charles Schwab manages to present its client with with a bonus that the others have so far not seen fit to include in their plans. This particular benefit is free ATM withdrawal service for all Charles Schwab online banking cards.
Free ATM Service = Maximum Convenience
To get in on this excellent plan, you simply need to open up a Charles Schwab Bank High Yield Investor Checking account. It’s very easy to do. You don’t need to present a range of collateral or any sort of credit history. It’s as easy as opening up a checking or savings account at any other bank in the nation.
Once you’ve opened up your account, you’ll be required to open up a brokerage account to get the free ATM and checking features. After all, Charles Schwab is a brokerage firm, first and foremost. But this is completely free to do, and you won’t be required to make regular trades (or any at all if you don’t care to) or carry a mandatory minimum balance. Of course, if you do care to invest, the means to do so are always at your finger tips, but such activity simply isn’t mandatory for you to be a banking customer in good standing.
A High Quality Range Of Features
Opening up a Charles Schwab online banking account is an excellent idea, chiefly because of the high quality range of features that it offers. For example, as mentioned above, there is absolutely no surcharge on any of your ATM transactions. There’s also no monthly service fee to contend with. And for those of you who do regular banking in foreign currency, or visit foreign countries on a regular basis, here’s the ultimate deal sealer: There is no currency exchange fee when you use your Charles Schwab banking card in a foreign ATM.
You’ll also be pleased to note that there is no minimum balance requirement. Of course, if you’re using your online account as a basis for brokerage, you’ll naturally want to keep a few dollars in your account, ready for action at a moment’s notice. But, as there is no requirement that you engage in such activity, there is likewise no requirement that you keep a minimum balance in your account. The law of common sense banking applies here, and gives you a great deal of leeway to act wisely in. On top of all this extra freedom, holding an online banking account with Charles Schwab also entitles you to a nice little bonus: A 0.25% yield.
A Full Guarantee Of Online Banking Quality
At this point, you may well be thinking, “It sounds like an excellent deal, but it may just be too good to be true.” And there’s reasonable justification for your skepticism. After all, banks and brokerage firms are notorious for exemplifying the old adage, “The Devil’s in the details.” However, you’ll be pleased to know that, for once, the wizards of fine print have elected to throw their long suffering customers a friendly (and very tasty) bone. Charles Schwab backs up its online banking plan with a full guarantee of quality, including 24/7 customer service (with an actual human on the other end of the line!) and full insurance on all transactions.
Unlimited ATM Transactions – At Practically Any ATM
Finally, the reason that we’re so bullish on online banking via Charles Schwab is the fact they allow you to use your bank card at practically any ATM in the world, absolutely free of charge. This includes any ATM that is owned and operated by a competing bank. On top of this, they will even grant customers a rebate for the fees that another bank may charge. This is particularly useful in overseas situations, but applies quite handily as well to domestic use. After all, you may need to use your ATM card while visiting the tourist traps in some out of the way region right here in the USA.
When all is said and done, we’re extremely pleased with the way Charles Schwab has set up its online banking business for customers. Whether or not you are also interested in using their brokerage services is up to you. We love the freedom – and the savings – that using the Schwab service brings with it, and we recommend it to all of our readers.