Checking Accounts Have More Fees And Higher Minimum Balance Requirements

From the Wall Street Journal

To avoid a monthly fee, bank customers in the U.S. must keep an average minimum balance of $723 in checking accounts that pay no interest — up 23% over last year, according to a new survey from data provider Bankrate Inc., which analyzed 477 checking accounts at 247 banks and thrifts.

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The trend continues. It's another reason to switch to internet banks, credit unions or community banks.