OpenFreeCheckingAccount.com Is Fast Becoming The Website Of Choice For People Searching For Free Checking Accounts

FOR IMMEDIATE RELEASE
Fort Lauderdale, Florida, United States of America (Free-Press-Release.com) March 27, 2011 -- OpenFreeCheckingAccount.com is a free resource designed to help individuals and businesses search for banks that provide free checking accounts. It comes as no surprise that the days of finding free checking accounts at every bank are no longer. While free checking accounts are still available and being offered by many banks large and small, it would seem that just as many banks are changing their free checking practices.

Not too long ago, it seemed as if every bank was not only offering free checking accounts, but they were practically throwing money at people trying to convince new customers to open a free checking account with their bank. The entire financial crisis impacted us all in more ways that ever imagined and as a result Congress took steps to pass laws and regulations that were meant to protect average bank customer Joe and average bank customer Jane.

Some of those regulations passed by Congress were meant to prevent banks from certain unscrupulous practices, as well as relieving consumers from some of the hefty overdraft fees being levied by banks. Overdraft fees were a high revenue source for banks and the loss of that additional source of revenue really hurt bankers’ bottom line. Add in additional revenue lost from removal of certain debit card charges and many banks were forced to find other sources of revenue. What people fail to understand is that banks are not in business to be your friend. They aren’t searching for BFFs to open a checking account with them. http://www.OpenFreeCheckingAccount.com understands this and wants to help you locate those banks that still continue to offer free checking.

Banks are looking for ways to bring in new accounts and new revenue so that they can make money lending those funds out at a higher rate, make acquisitions, etc. It isn’t the fault of the banks; this is why they are in business. Also, besides changing your checking account to another bank with less fees or better service, arguing about it really serves no purpose.

Some people are blaming Congress for passing the laws that put an end to free checking account benefits that we’ve enjoyed for so many years. Some people are grateful to Congress for saving them a fortune in banking fees. Regardless of which argument you choose to side with, it was a well meaning gesture and many will benefit greatly for these regulations.

Banks have had to resort to setting higher and tougher restrictions for those seeking free checking accounts. In order to open a free checking account at many banks, banking customers may have to maintain a higher balance in their checking account (some banks allow customers with multiple accounts to use the total balance of their savings accounts, checking accounts, loans and credit cards), utilize direct deposit, or make regular transactions via their debit cards on a monthly basis.

http://www.OpenFreeCheckingAccount.com is constantly searching for banks with free checking account offers and new information is constantly being added from our research. In addition to our growing research, there is a search feature that allows individuals and businesses alike to search for banks, credit unions and other financial institutions that are offering a chance to open a free checking account.

Believe it or not, there are still banks out there that are offering cash bonuses when you open a free checking account with their bank. There are banks and quite a bit of them that care about you as an individual. There are banks that are out to make a profit, but still understand that you the customer come first. OpenFreeCheckingAccount.com is your online resource for free checking accounts.

For more information visit us at http://www.OpenFreeCheckingAccount.com

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