Compare checking accounts and reloadable debit cards from Las Vegas, NV banks and credit unions for free
Mobile banking takes a lot of the features of online banking and brings them to your cell or smart phone. Depending on who you bank with, mobile banking might save you a trip to a bank branch. All of the mobile banking features apply to your checking account, but some mobile banking apps allow access to your savings accounts and credit card balances as well. Read more...
Second Chance checking accounts are designed for people who are not allowed to open normal checking accounts due to past banking behavior or bad credit. The reasons you may be disallowed vary, but once you build a bad history, you're reported agencies or networks like Chexsystem. When you request to open an account, banks and credit unions check these databases to see if you have a bad record. Read more...
Most people comfortably use debit cards nowadays, but the benefits they offer are not always clear. Here's a breakdown of how debit cards work and the rewards programs frequently offered with them. Read more...
Why Banks Offer Free Online Billpay
Did you ever wonder why banks let you use online billpay for free? After all, it's not free for them -- they pay vendors like CheckFree big bucks so they can offer you free online billpay services. Are you worth it? Clearly, the banking industry is convinced you are -- almost all banks and credit unions provide free online billpay with all their checking accounts. Some banks even reward you to use it.
The simple answer is that bankers believe online billpay users remain customers for more years than customers who don't use online billpay. And an extra year of your business is worth providing you with free online billpay.
Look at the math: Let's estimate the average cost (to the bank) to offer you billpay at $0.50 per transaction and the average customer sends out 8 bills per month. That means it costs the bank about $4 per month or $48 per year to offer you free online billpay. So if their assumption that you'll stick around longer is correct, free online billpay makes sense. Why? The average checking account customer generates about $300 in revenue per year (fees, $ on your deposits, etc.).
The Difference between Reloadable Debit Cards and Prepaid Gift Cards
Both reloadable debit cards and prepaid gift cards can be used as replacements to bank-issued debit cards because they are accepted pretty much anywhere major credit cards are accepted. But unlike prepaid gift cards that are only meant to be used until the intended funds run out, reloadable debit cards can be continually refilled with funds. Reloadable debit cards can act like a replacement or accessory to a traditional checking account because they let cardholders withdraw money from ATMs, pay bills, and enroll in direct deposit. In addition, many reloadable cards come with FDIC protection and fraud protection.
We conduct our own research for the largest US banks and we audit the information provided by community banks and credit unions.
Our branch location database is sourced from the FDIC and is updated with information provided by banks and credit unions.
All deposit accounts in FindABetterBank are insured by the FDIC or NCUA.