Why Open a Brokerage Checking Account

Brokerage firms have simply shown a new light among these existing alternatives. There are certain compelling reasons, which make a person sit up, take notice, and wonder why they have not considered this option until now. Here below are some of the positive aspects of brokerage checking accounts.
No branch visits needed

Just as the online banks operate without any branches, brokerage firms also follow more or less the very same concept. The clients can get on with their banking transactions for any length of time without ever visiting the physical location of the concern. Everything happens on the digital plane. Withdrawal of money is possible at any ATM whether part of a bank or one among the network. This is possible because of tie-ups between brokerage firms and ATMs. In order to attract customers, certain firms may offer incentives such as fee reimbursement on the amount withdrawn from any ATM.

Hassle free account opening and running

There are certain brokerage firms that do not charge any fee for opening a checking account and none charges the monthly fee as the account running cost. This is the biggest incentive for those who are unable to meet the expenses related to opening and running a traditional bank account. No minimum balance in the account is required and now nobody needs to worry about rerouting fund from other sources in order to deal with the monthly fee payment. High savings and minimum fuss seems to be the motto of checking account with brokerage firms and people are naturally lapping up this concept.

Beneficial features of brokerage checking accounts

Besides the main ones, a number of other positive aspects of brokerage accounts make them ideal. These include online free payment of bills, mobile banking options, deposits bearing interest, and check deposit via mobile. Online or management through mobile devices make this a hassle free proposition that many want to embrace.