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Nationwide Online Banking - Opening a Checking Account Through Nationwide Online Banking

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Nationwide online banking is a fast growing option for people who want to have access to their banking information without having to leave the home. National online banking is becoming especially popular now as the banking industry is suffering and online banking is more inexpensive to maintain than buildings with bank tellers to pay. Some banks are now offering online-only checking accounts. These do have there disadvantages, but on the positive side they there are typically very few, if any, monthly fees, it’s easier to qualify with your credit rating, and some of the checking account options will pay you interest as well. Online banks can also make it easier to pay your bills and see your check stubs.

The first thing that you should do when you open a checking account with a nationwide online banking company is determine how to transfer your money from your old bank to the new one. The easiest way to do this is to electronically transfer the money directly from your old bank to the online one. If this is not an option, some national online banking companies will accept mailed deposits or credit cards in order to open your account.

Since online banks are nationwide, it doesn’t matter where they are located. You can shop around and see what options are available without needing to have a bank account in the same city or state as the bank you end up switching over to. Check through the pricing and terms and conditions to make a decision that suits you. Some of the options available include eTrade, Wells Fargo, Citibank, and Huntington National Bank. Many of the options available have little or no fees, and most offer Visa or MasterCard debit cards at no extra charge.

The bank that you decide to go with will have a button that says something along the lines of “apply now.” When you click on this button you will be asked a series of questions. These will be regarding your personal information such as your name, Social Security Number, previous and current addresses, and phone numbers. Give accurate information when you fill out these forms. Anything else is considered fraud.

The system will then ask you how much money you are going to use in order to start your checking account. Fill out this information, and how you will be paying for it. Some of the banks will give you the option of using a credit card. Most of them will ask you to either electronically transfer the money from another bank account, or to send in the money directly through the mail, either by cash or check.

The bank should not as you to send or fax any signed information to them. The bank should also provide you with your account number immediately, allowing you to use the bank account right away. This allows you to change your direct deposit information with your employer and you bill payments right away, without needing to wait for anything to get approved first.

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