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Credit Card eZine - News and Articles about Credit Cards

Credit Card eZine - News and Articles about Credit Cards

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Free Checking for 50 and over Consumers

2011-12-05

In a time when banks have begun charging monthly debit fees, baby boomers may be able to find discounts based on their age and experience. Our research reveals some of the best checking accounts for consumers over 50 - and the best part is that they`re free!

A lot of banks have begun marketing to older consumers because of the stability they provide. Older consumers are used to paying bills, and usually tend to pay them off on time. If you are of age, now is the perfect time to take advantage of free checking accounts and debit cards. Here are list of our top 10 checking accounts for consumers over 50 years old.

Bryn Mawr Trust - Centennial Gold 50 Checking
Cascade Bank - 50 Free Interest Checking
Alliance Bank - Alliance 50 Checking
Bremer Bank - Senior Checking
Amegy Bank of Texas - 50 Free Checking
Cashmere Valley Bank - Club 50 Checking
The First - 50 Free Interest Checking
Citizens First Bank - Senior Interest Checking
Farmington Bank - 50 Plus Checking
First Chicago Bank and Trust - 50 Free Interest Checking

A lot of the banks mentioned are smaller community banks, so if a bank is not mentioned in your area, try researching the credit unions and smaller banks in your vicinity and ask them about the free checking accounts that they have for consumers over 50. Some banks are generous to even offer interest on these free checking accounts for baby boomers.

With age comes wisdom and life-experience. Apparently, with age also comes free checking. Banks and credit card issuers take note of the work that most senior citizens have acquired throughout their financial histories. Because of this consumers who are over 50 may be eligible for extra discounts that consumers under the age of 50. Older consumers also tend to have more money than younger accountholders and therefore are more valuable in the banks eyes.

Banks across the nation have begun charging monthly debit fees to make up for lost revenue after the Credit CARD Act of 2009 reduced the amount of swipe fees merchants can collect. The change resulted in billions of dollars in potential losses for banks across the nation.

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[Sunday, December 18, 2011]
Chase Bank recently announced the redesign of its Visa credit cards - allowing more space on the front for the Chase logo. This new design is in trial mode currently but Visa has pans to roll out its new design to other financial institutions in order to increase the branding and logo visibility of the individual issuing banks.
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[Friday, October 28, 2011]
Debit and credit: they`re both plastic, why not consolidate them? The Cinncinati-based Fifth Third Bank, is the first to offer the DuoMasterCard which consolidates both a checking and a credit card account into one card.
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[Wednesday, September 21, 2011]
It really pays when you do the right thing. Take credit cards for instance, having a clean credit profile really does help. Those who managed to maintain a squeaky clean credit report during the recession can now jump with joy, as they will get some of the best deals from credit card issuers.
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