Webster Bank rolls out new checking account
Apr 06, 2012 (Datamonitor via COMTEX) --
Webster Bank has rolled out eChecking, a new checking account designed for consumers who prefer to perform their bill payment and other banking transactions online.
"Our eChecking product is an exciting new addition to our current suite of consumer checking products," said Michelle Crecca, executive vice president and chief marketing officer. "Increasingly, our customers are becoming strong users of online and mobile banking, online bill payment and direct deposit. Many of them seldom write paper checks and choose to receive their statements electronically instead of in the mail. After examining those preferences, we realized that we had all the right ingredients to create a new account service that does not require a minimum monthly balance in order to be fee-free."
According to Webster Bank, its eChecking product is fee-free to customers who write five or fewer paper checks per month select online delivery of their bank statement and have at least one direct deposit of $500.00 or more per month. A maximum $5.00 monthly fee will be incurred in any given month that the direct deposit and/or paper check writing requirement is not met, but that fee will be waived for customers 22 years of age or younger. Separately, customers who choose eChecking and opt to continue receiving a paper account statement in the mail will incur a $5.00 per month fee.
Webster also announced upgrades to its network of 291 A machines that include envelope-free deposits, "picture perfect" receipts, on-screen "favorites" settings that can be customized by individual customers, and an ADA-compliant voice guidance option that enhances the current Braille signage and controls for visually-impaired customers.
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