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Bank Fees Survey Mid-2013: Free Checking Hits A New Low

Monday, August 19, 2013 - 9:12 AM
Some customers will pay hundreds in monthly service fees to have a checking account this year, while others will pay nothing for the same privilege. While this may seem unjust, the customers who enjoy free accounts are probably armed with nothing but better information.

Free Checking Accounts Rarer Than Any Time on Record

A portion of those "customers who enjoy free accounts are armed with nothing but better information" from Ken's
ShorebreakShorebreak2,683 posts since
Apr 6, 2010
Rep Points: 14,545
1. Monday, August 19, 2013 - 11:24 AM
Credit unions usually have free-checking account offers.

For large banks like BofA, it is impossible to get a free checking account; they either require high account balance, debit card/ACH activities, or monthly fees.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427