|
Institution
|
Checking
interest
|
Fee to use their ATM
|
Fee to use another's ATM
|
Reimburse for surcharges?
|
Monthly, annual or other fees
|
Online bill paying fee?
|
|
Telebank
75,000 customers, $2 billion in assets
|
$1-999: 0
$1,000-$9,999: 3.15%
$10,000-24,999: 3.75%
$25000+: 4.45%
|
None (at Cirrus ATM network)
|
No
|
No
|
$1,000 minimum balance to avoid $5 monthly fee
|
Free, unlimited online bill paying
|
| |
|
Net.B@nk
35,000 customers, $526 million in assets
|
Interest checking
Minimum balance: $1
Yield: 4%
|
None (at Cirrus, Honor and Star ATM network)
|
No
|
No
|
$4.50 fee regardless of balance. No minimum to earn interest
|
Free, unlimited online bill payments
|
Net value checking
Minimum balance: $1
Yield: 3.05%
|
None (at Cirrus, Honor and Star ATM networks)
|
No
|
No
|
No monthly fee
|
| |
|
Institution
|
Checking
interest
|
Fee to use their ATM
|
Fee to use another's ATM
|
Reimburse for surcharges?
|
Monthly, annual or other fees
|
Online bill paying fee?
|
|
Security
First Network Bank
10,000 customers
$54 million in assets
|
Interest checking
No minimum balance
Yield: 6%
|
N/A
|
$1
|
No.
10 free ATM transactions per month
|
No monthly fees. No minimum deposit to earn interest until
April 15, 2000, up to $10,000
|
20 free online bill payments per month. Additional payments
are 50 cents each
|
Basic checking
Minimum balance: $1,000
|
N/A
|
$1
|
No
|
First 10 ATM transactions are free each month
|
|
|
|
CompuBank
2,000 customers
|
Interest checking
Minimum balance: $1,000
Yield: 2.02%
|
None
(at Cirrus ATM network)
|
$1.50
|
4 per month, up to $1.50 each
|
$10 per month if below minimum balance
|
Unlimited online bill payment
|
Regular checking
Minimum balance: None
|
None
(at Cirrus ATM network)
|
$1.50
|
4 per month, up to $1.50 each
|
None
|
| |
|
Institution
|
Checking
interest
|
Fee to use their ATM
|
Fee to use another's ATM
|
Reimburse for surcharges?
|
Monthly, annual or other fees
|
Online bill
paying fee?
|
|
First
Internet Bank of Indiana
$60 million in deposits
|
Interest checking
Minimum balance: $2,500
Yield: 3.09%
|
N/A
|
$1
(First 10 non-bank ATM transactions are free)
|
No
|
$3.50 per month
|
$4.95, or free if there's at least $5,000 in the account
|
Regular checking
Minimum balance: None
|
N/A
|
$1
|
No
|
None
|
| |
|
WingspanBank.com
No customer or asset information available
|
Interest checking
Yields
$1-999: .50%
$1,000-$9,999: 3.14%
$10,000+: 4.59%
|
None (at Bank One, First Chicago, NBD or Rapid Cash ATM networks)
|
None
|
Up to $5 per month
|
None
|
Free, unlimited online bill paying
|
| |
|
Institution
|
Checking
interest
|
Fee to use their ATM
|
Fee to use another's ATM
|
Reimburse for surcharges?
|
Monthly, annual or other fees
|
Online bill
paying fee?
|
|
American
Express
New online bank: No customer or asset information
available
|
Minimum balance:
$2,500
Yield: 2%
|
None
|
None
|
Up to $1.50 of surcharge, up to 4 per month
|
$7.50 per month if minimum balance not maintained
|
Free, unlimited online bill paying
|
Minimum balance:
$1,000
|
None
|
None
|
None
|
Need to open money market or savings account first. Fee is
$7.50 per month if minimum balance not maintained
|
|
Source: Bankrate.com researchers Minnie
Arroyo, Noah Casser, Frances Sauceda, Sharlene Weldon and
Greg McBride
|
-- Posted: Aug. 3, 1999
