Checking accounts are an essential part of life. Many billsrequire a checking account to process payment. Credit applicationsoften require checking account information as a way of verifyingidentity and making sure you are financially stable. However, arising alternative to a traditional checking account is a virtualchecking account. There are several advantages and disadvantages toopening a virtual checking account.One advantage is the most virtual checking accounts allow you toaccrue interest. For example, online checking accounts throughFidelity and ING give you interest rates akin to those in mosttraditional savings accounts. In most cases youdon't need a minimum opening deposit or a minimum balance. Theyare free to use as well. Virtual checking accounts provide you witha checkbook and