the Price of Checking Accounts

Opened a new checking account that has no minimum balance and complete online access to the account. There was a $100 minimum amount to open the account with, but after the account is open it has no minimum balance or fee. There were no fees for opening the account besides ordering checks, which was mandatory. The checks cost $15 for a box. Having online access to the account was offered without any extra fees, except for online bill pay, which has a $5 monthly fee. Transfers between accounts are available online for this account, but are only free if both accounts are with the same bank.

I haven't had any complaints about the quality of service so far. The teller that helped me open the account was very friendly and helpful. The bank also had informational brochures comparing the different types of accounts they offer as well as explaining how to use the online banking system.

I would find a bank that offers a free checking account with no minimum balance and access to an online banking system without additional fees. Make sure to ask questions about the features offered on the online system. Some banks may allow you to check your account statement online, but have additional fees associated with things such as online bill pay or online transfers between accounts.