ViewPoint Bank to Refund ATM Fees on Absolute Checking

PLANO, Texas, Oct. 9, 2012 /PRNewswire/ -- "Free means free. ATM Refund!"

That's what customers of ViewPoint Bank's popular free Absolute Checking product will now see on their statements if they use another bank's ATM. On October 1, the Plano-based community bank began refunding any fees charged by other ATM owners to Absolute Checking account holders.

"We're always looking for ways to make things more convenient for our customers," said ViewPoint Bank President and CEO Kevin Hanigan. "Giving them the ability to use any ATM worldwide for free certainly does that."

Given Bankrate.com's recent report on the increasing rarity of free checking accounts and the growing cost of out-of-network ATMs1, Absolute Checking is an anomaly. It's a free checking account that also pays interest, with no minimum balance requirements. Other freebies include free ViewPoint Bank custom checks, free online bill pay, and a free safe deposit box for one year. (Note: Absolute Checking is only available in Texas.)

The Bankrate 2012 Checking Survey reports that only 39 percent of banks offered a checking account with no minimum balance requirement and no monthly fee, down from 76 percent in 2009.

About ViewPoint Bank

ViewPoint Bank, N.A. is the wholly owned subsidiary of ViewPoint Financial Group, Inc. (NASDAQ: VPFG). Based in Plano, ViewPoint has been serving customers in North Texas since 1952. With $3.69 billion in assets, it operates 29 community bank offices in 17 Metroplex cities, and two First National Bank of Jacksboro locations in Jack and Wise Counties. For more information, please visit www.viewpointbank.com or find us on Facebook at http://www.facebook.com/ViewPointBank. Member FDIC

1. "Checking Fees rise to record highs in 2012," Bankrate.com

SOURCE ViewPoint Bank