The no fee checking account was a way to attract the customer by the bankers to open an account
. But these days this is not the point of attraction. This account will help the customer to look into the balance of the account and do many transactions online. The customer can send fund to other accounts. He can pay bills online and many other facilities will be for this account. The features of this account may have fees for other facilities. The customer can do the money transfers and check with the other person whether the money has reached. This is the way to confirm whether the money is transferred or not.
The printed transaction particulars can be taken for the transactions. The speed of these accounts is the positive point in operating this account. The customer will do the transactions in minutes and need not wait for the bank timings. Many of the banks will not offer these facilities. If they give also they will charge for it. There is much other additional facility offered with this account. The only procedure for getting this account is to give an application to the bank. The bank will consider the application and offer this facility in few days gap. There are some documents required by the bank with the application for opening this account. The proof of the residential address and the identity proof are the main particulars demanded for the no fee checking account.
Many business people find it a relief with this no fee checking account. Many transactions which has to be done immediately without waiting for the bank timings is don online with the record. So it is a safe transaction. Now it is not a point of attraction from the view of the banks. But before the banks felt the No Fee Checking Account was a point of attraction for opening an account in the bank. Some of the facilities which are provided with this account may have charges. So we have to know properly the facilities for this account which are chargeable. The account holder can do transactions for his convenience from this account online.