Obviously there is a need for some clarity from the consumer side of the business. Some banks began charging in September and October and many ended up doing a 180 and not charging after the massive amount of negative press and client complaints.
Delray Beach, Florida (PRWEB) December 21, 2011
With all of the recent policy changes and inevitable outrage over many banking institutions deciding to charge for a basic personal checking account, bank comparison website CheckingAccount.com has created an easy to understand guide that explains who is and is not charging.
"Obviously there is a need for some clarity from the consumer side of the business. Some banks began charging in September and October and many ended up doing a 180 and not charging after the massive amount of negative press and client complaints. However now in many cases it is still not easy to determine who is charging and what if any restrictions there are. That is precisely why we are taking it upon ourselves to present this information to the public", said Sean Sullivan Co-Founder of CheckingAccount.com.
The founders of CheckingAccount.com find it just as frustrating as the average bank account holder how little transparency there actually is when it comes to finding out exactly what any particular bank is offering. The fine print and confusing terms and conditions can often force someone to throw their hands in the air and either accept whatever increased expenses they are facing with their current bank or quickly remove their funds and switch to a bank where the situation could be worse.
According to Sullivan, "The reality is, just because one bank might offer 100% free checking that does not make it the best option for everyone. There are a lot of variables that should be considered. Some banks are great for your average individual who is not keeping a lot of cash in the account. Those banks however might be a terrible option for someone who has their own small business. The scenarios can get very specific, for instance if an individual does a lot of international traveling there are a few banks that are a much better option for that person. The best advice that we can give is to spend the time to do the research."
Thankfully CheckingAccount.com has done much of that work, which cuts down the research time needed considerably. The 2012 Guide To Getting A Free Checking Account is the perfect informational companion for someone who is interested in either shopping their bank and comparing it to others or making the jump completely. The guide even has information on what online banks provide the best options and why an online checking account might be a better solution.
"We are seeing a lot of consumer interest in having a checking or savings account with an online bank in combination with an account with a traditional bank. It provides you with a lot of options to not only earn more from your money but in many cases we see that having a separate internet based bank account helps individuals save even more" commented CheckingAccount.com Co-Founder Sean Sullivan.
Regardless if someone is looking to leave a large traditional bank or simply looking for a bank that is better suited for their specific needs, the 2012 Guide To Getting A Free Checking Account is certainly worth reading.
CheckingAccount.com is based out of Delray Beach, Florida is part of a network of financial information websites owned T1D. Tier 1 Development is a leader in the development of online based businesses, some of which include http://www.LLC.net, Bank-Account.com and GoldBullion.com
For More Information Please Visit: http://www.CheckingAccount.com