Forget about overly complicated checking. The rise of online and mobile banking services have led to the era of hassle-free checking. Now, consumers and businesses alike can take advantage of checking accounts that make it as easy as possible to manage their money.
What is hassle-free checking? In a few words, it's robust digital banking tools, it's convenience, it's simplifying your financial life.
But when looking for a hassle-free checking account, you need to focus not only on the features you get, but also the service fees you might need to pay. To help you find the best account, let's dive a little deeper into the topic.
The shift toward convenient banking
Modern banking services have evolved to focus more closely on customer service, user experience and convenience. Self-service tools have become fundamental, as fewer customers opt to visit local branches. Banking when and where you want is now the name of the game — and hassle-free checking fits squarely into that.
Consumers are favoring financial institutions that can offer such convenience. Approximately 92% of millennials polled as part of a Working Media Group® study said they would choose a bank that offers digital services over one that does not. The survey pointed to a growing demand for convenience and better customer service as key differentiators in the banking sector.
One factor contributing to this shift is the proliferation of devices. Owning a smartphone is the norm, and banking apps make financial life so much easier. In fact, a 2020 survey from the American Bankers Association® found 84% of survey respondents said innovation and technological improvements by banks have made it easier for all Americans to access financial services.
The key benefits of hassle-free checking
Among those digital innovations in banking is hassle-free checking. Essentially, the concept refers to checking accounts that provide self-service tools, robust features, integration with other bank accounts and minimal service fees.
Benefits of a hassle-free checking account include:
Easy account openings
The best hassle-free checking accounts eliminate the complications upfront. Such checking accounts are easy to open, requiring basic information like a Social Security number, phone number, address and initial deposit. A previous relationship with the bank shouldn't be required. Just complete a few steps and you'll be issued an online log-in and debit card to manage your money effortlessly.
Mobile check deposit
Many consumers use a mobile device to deposit checks these days. Forget about having to wait in line to cash a check. With mobile deposit, you can take a picture of the check and deposit it using your mobile phone or tablet.
Online bill pay
Avoid having to write multiple checks for all the regular bills you pay with a hassle-free checking account. Such bank accounts typically come with online bill pay tools that you can use to schedule and send payments directly from your checking account to pay your utility company, credit cards or home and auto loans. You set up which payments you want automated, and the rest is handled by your checking account.
Alerts and notifications
Fraud prevention is increasingly important as more consumers and businesses rely on online and mobile banking. The best hassle-free checking accounts ease those worries by providing alerts, notifications and anti-fraud tools to protect your money. Tracking money in and out is easier than ever with real-time transaction feeds and controls like debit card freezes.
Are there fees with hassle-free checking?
There are different levels of hassle-free checking, so you'll need to consider a different fee schedule for each type of account. For instance, Comerica Bank offers:
- Access Checking, a basic checking account that has a minimum ledger balance required of $1,000 each day to avoid monthly maintenance fees.
- Rich Rewards®️ Checking, an interest-bearing checking account that has a minimum ledger balance required of $5,000 each day to avoid monthly maintenance fees.
- Premier Checking, an interest-bearing checking account with a minimum ledger balance required of $7,500 each day to avoid monthly maintenance fees. This account also makes you eligible for a money market account.
What's more, all three levels carry no hidden fees.
With a Comerica Platinum Circle Checking®️ account, you can get a dedicated customer service number and preferred rates, plus all the standard tools for hassle-free checking.
The banking change behind hassle-free checking
At Comerica Bank, we blend digital financial services with a long legacy of relationship-focused banking. We take pride in working closely with our customers, and solutions like hassle-free checking are just a part of that process. Contact us today to learn more about how we can help you get more value from your bank.
