Best Checking Accounts | Wachovia

Wachovia

Wachovia holds the fourth largest financial institution in the country. It came into existence around 2001. The merger of First Union Corporation and legacy of Wachovia gave birth to the huge empire of Wachovia. The bank started and increased in size by new acquisitions. The empire of the bank grew to an extent that the company has global presence via 40 offices, worldwide. The bank operates in about 21 offices in the country. Originally, it is located in Charlotte, North Carolina. The company has expertise in providing a wide range of banking services and other features like asset management, wealth management. It also provides the corporate and investment services.

The users of the Wachovia financial products are highly satisfied by its operation. The cordial services that the bank provides to its clients, wins their loyalty towards the bank. The bank offers a large variety of products, which suits all. A decade old institution has managed to notch the top position due to its exclusive online services. The bank services include checking accounts, savings accounts, CDs, debit card and may more. Wachovia is found to have offered the best checking accounts to its customers. It allows all people to own and enjoy the benefits of checking accounts. It also provides specialized accounts for students. The student checking accounts were tailored to suit the requirements and needs of the students. The bank offers the student to open a personalized checking account at zero balance. Also it provides very low interest overdrafts to the students.

The bank offered the free checking accounts also. The online services provided by the bank, overcomes the requirement of a local branch at some places. Also, the bank offers free debit card facility along with its checking card facility. The debit card has simplified the lives of many of its customers. There are numerous ATMs available, all over the country. This saves you from carrying cash to every place you go. Along with provisions for students, the bank provides similar facilities to the aged people too. The online checking that they provide to their customers is absolutely free. The institution also charges nothing as transaction fees for every transaction that you incur through your online account. Moreover, the bank lures the masses by its exciting offers and various perks and freebies.

The bank also offers the best of savings account. Although the rate of interest that they provide is not that high, but it becomes suitable for someone who is looking for small term benefits. The reality is that after the recession struck the market, no common man could save more for future purposes. The expenditures are increasing, but the income is either remaining same or reducing. Thus it is only possible to spare the hard earned money for a smaller period of time. The long term deposits are rare. The Way2Save program helps in increasing your savings. The bank offers a free savings account to the student, so that the students learn the art of saving money. The CD seems a kind of product that you cannot invest in, because of its longer terms. Wachovia brings a 7 months CD product with an interest rate of 4%. This product is gaining popularity among the masses.

The exclusive CD product requires a minimum balance of $5000. Thus, if you have this amount that you can spare for 7 months, then it is an easy way to earn cash. All you need is to invest in the CDs. Apart from all these; the company also offers a wide variety of credit cards. The credit cards have become the need of the hour in the modern times. In case of debit cards, you require to deposit cash beforehand in your checking account. With the help of a credit card, you can shop around, without having enough balance in your account. The importance of credit history cannot be denied in the current scenario. As an introductory offer, these credit cards offer 0 % interest for a year. Other products of Wachovia include the gift cards. The recent times saw the downfall of the bank, especially after the bank purchased Golden West Financial. The losses incurred were so huge in nature that the government forced it for sale. It was purchased by the Wells Fargo somewhere around 2008.

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