LOS ANGELES, April 16, 2015 /PRNewswire/ -- MyCBB is pleased to announce the launching of a free, interest paying checking account. With zero account fees and accessible through a state of the art mobile and online banking platform, the checking account is designed to meet changing consumer demand.
"Consumers hate unnecessary fees on their checking accounts, and claim that too many traditional banks are trying to make a dollar by hoping consumers don't read the fine print on their account disclosures. We have the technology, the vision, and we're not looking to nickel and dime our customers, so we are pleased to offer a really free checking account, that also pays good interest. Head to head, almost unmatched in the industry," said Peter Braunz, Head of Deposits at MyCBB. "This is the first step in a lot more innovation to come."
MyCBB is different from other banks, who steer their customers to self-help channels, then make it almost impossible to speak with a real person. MyCBB provides instant online access and technology when they want, a real person when they don't. The account comes with a host of free features, including:
- No monthly maintenance fees
- No overdraft or non-sufficient funds fee
- No minimum balance requirement
- No Direct Deposit requirement
- No minimum transaction requirement
- Free ATMs nationwide through the MoneyPass ATM network
- PLUS: a good interest rate
"This is the real deal. Too many traditional banks claim to have free checking accounts, but there is a lot of fine print that consumers should be aware of. Often these so called free checking accounts also pay no interest. MyCBB checking is free and also pays interest," said Adriaan van Zyl, President & CEO. "Today's consumer demands transparency and value. Unlike many banks, MyCBB is not addicted to fees and our checking product is designed to benefit consumers looking to save on fees, while earning good interest."
MyCBB is a division of California Business Bank ("CBB"). Member FDIC. MyCBB provides innovative consumer deposit products. CBB provides banking solutions for small to medium size businesses. For more information on MyCBB and California Business Bank, please visit www.MyCBB.com and www.CaliforniaBusinessBank.com
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