Since the bank that we hold our main checking account at has been purchased by another bank and is merging, we’re going to be getting a new type of checking account and new account numbers. The benefits and features should stay the same, but I’m kind of nervous about the changes. I don’t want to have problems with fees or funds availability. So I’ve been thinking about switching our main checking account to ING. It’s funny, because I received an email the other day from ING, saying that if we open up a checking account and make three signature-based transactions we’ll get a $50 bonus. Sounds awesome, right?
- Fee free overdraft protection. Although that’s not a feature I plan on using, it’s still something I want to have in case of an emergency.
- No minimum balance. Sometimes I have less than $100 in our checking account and I want to be able to keep it that way if I so desire.
- No monthly maintenance fees. I don’t want to pay a maintenance fee each month either.
- Linked to our savings accounts so all our money would be in one place. Convenient!
- Interest. It’s not a lot, but it’s better than nothing.
- Mr. Money’s employer doesn’t offer direct deposit. I’d have to deposit his paycheck into an account at our current bank, then transfer the funds to ING. That would probably be a hassle.
- No paper checks. I like to write checks to pay our mortgage. I like seeing that check clear the bank.
- The free ATMs are inconvenient. I just checked to see where the nearest free ATM was and it’s about 5 miles from my house.
What do you look for in a bank? Have you considered having your main checking account with ING?