IMO a checking is too risky (fraud, etc) to keep a high balance in, I would rather have a high % MM and a non-int checking, but just my preference

CyByte said:I have never used online bill payers before. It looks like for a Presidential Online Plus checking account they will let you use there bill paying software 10x a month for free."Presidential Bank offers FREE online bill payer for those customers who have our Internet Checking PLUS account. Otherwise the service is $5.95 per month covering the first 20 transactions, which is less than the cost of the postage stamps for each month!

Each additional 10 transactions will incur a $2.50 fee."

The wording is somewhat ambiguous, so perhaps after 20 bill pays in a month, they charge $2.50 for an additional batch of 10, EVEN if you have an Internet Plus account.

It wont be pretty. Poster implies that fraud is less likely on a non-interest bearing checking account than on a high-interest bearing checking account. Checking is checking.

Sure, if you lose your checks, someone could use them. Well, burn them all.
I did not chose to get the debit card; so no increased risk of fraud there.

vonNezzy said:IMO a checking is too risky (fraud, etc) to keep a high balance in, I would rather have a high % MM and a non-int checking, but just my preference

Never post again, thanks.

lindseyeliza said:TAKE NOTE! Presidential checking is fee-free IF you keep the balance over $1000.00.


Also requires a monthly direct deposit : this must be a real payroll or pension deposit from a buisness account, so unless you make this your primary checking account, this is not a good option.

ananthar said:lindseyeliza said:TAKE NOTE! Presidential checking is fee-free IF you keep the balance over $1000.00.


Also requires a monthly direct deposit : this must be a real payroll or pension deposit from a buisness account, so unless you make this your primary checking account, this is not a good option.

Why wouldn't you make it your primary checking, though? With Presidential you have your money earning good interest up until the moment the check is paid. With any other checking account your money sits there in limbo getting like 0.25% interest for about a week before the check goes through (if you cut it closer than that, you're asking for a bounced check and a nice fat returned check fee). If I had to only choose one online account it would be Presidential, because you get both good rates and convience of use.

I only keep a local account (savings or checking) so that I can deposit cash easily, and then ACH it into the checking account.

Nagorak, I was not aware of this.

Many thanks!

Henry



Are you aware that Washington Mutual ATMs don't have a surcharge for other banks' customers? Go to any WaMu ATM and you can withdraw money from your Presidential account with no fee.

vonNezzy said:I meant that I'd rather keep the majority of money in a money market, because it's harder for crooks to access. Not in a checking where it can be wiped out ...
So my point was that leaving money in Emigrant is more secure than in a checking accountMoney Market accounts usually allow checkwriting, so they are not really safer than a checking account. Emigrant, a savings not a money market, would be safer than any checking account including your non-interest bearing checking account.