The key to finding the best checking account is not only focusing on the bonus cash amount being offered, but also the account’s terms and conditions because that’s what matters beyond the promotional cut-off date.
LOS ANGELES, CA (PRWEB) July 17, 2013
Checking accounts are among the most widely used banking product. According to a survey from the Federal Deposit Insurance Corporation (FDIC), 90% of American households have a checking account.
In its recent assessment of the industry’s leading consumer checking accounts, personal finance website, GoBankingRates.com, looks at checking features such as accessibility to funds and minimum starting balance requirements, as well as financially beneficial incentives to find the top 10 best checking account promotions today.
Below is a preview of three of the top ten best checking accounts:
Chase Bank: $200 Total Checking Promotion
Chase Bank’s current promotion is the best checking account incentive available today, with its $200 automatic bonus and low initial deposit requirement.
New customers must deposit at least $100 within the first 10 days of opening a new account, and establish direct deposit within the first 60 days of activation. The offer expires on August 15, 2013.
PNC Bank: $150 Virtual Wallet Deal
PNC Bank’s Virtual Wallet promotion is rated number two as it provides a $150 bonus to depositors to who open a Performance or Performance Select Checking Account and make a qualifying Direct Deposit along with one payment via PNC Online Bill Pay. All requirements must be completed within 60 days of account opening. Offer ends July 27, 2013.
Sovereign Bank: $125 Premier Checking Package
Sovereign Bank ranks third on the list with its $125 bonus incentive. Customers are required to open a Premier Checking Package online by July 31, 2013, and make five debit card purchases or setup one direct deposit by September 30, 2013.
“With deposit interest rates at near zero, it’s imperative that consumers take advantage of free monetary incentives,” says Jennifer Calonia, editor of GoBankingRates. “However, the key to finding the best checking account is not just focusing on the bonus cash amount being offered, but also the account’s terms and conditions because that’s what matters beyond the promotional cut-off date.”
Other banks offering top checking account promotions and included in the report include Capital One 360, Bank of America, U.S. Bank, Citibank and more.
For more information on why these promotions are highlighted and to see all 10 of the best checking account offers available today, visit GoBankingRates at http://gobr.co/6sG.
For questions about this report or to speak with a GoBankingRates editor, please use the contact information below.
GoBankingRates.com is a personal finance website that connects readers with the best interest rates nationwide. GoBankingRates collects savings account rates and CD interest rates from more than 5,000 U.S. banks and credit unions, making it the only online rates aggregator to provide comprehensive and authentic local interest rates. Additionally, GoBankingRates.com partners with major media outlets such as Business Insider and US News & World Report to provide compelling personal finance content.
Jaime Catmull, Director of Public Relations
Source: Federal Deposit Insurance Corporation, “2011 FDIC National Survey of Unbanked and Underbanked Households,” 2011.