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Citizens Bank Offers New Checking Account That Limits Monthly Fees

Monday, January 20, 2014 - 2:32 PMRBS Citizens, National Association - Details
From Citizens Bank's website:
One Deposit Checking from Citizens Bank
One deposit of any amount each statement period waives the monthly maintenance fee. 
This Boston Globe article provides more insights into the decision against free checking accounts:
The depositors attracted by a bank’s deal for a free checking account may just want to park their money in that account, meaning the bank gets little or no returns for the costs of maintaining the account. 
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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