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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 Tumin5,467 posts since
Nov 29, 2009
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