Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Back to General Questions/Other

Webster Bank's New Monthly Checking Account Fee

Saturday, November 13, 2010 - 1:50 PMWebster Bank - Details
Banks are starting to charge monthly fees on "free" checking accounts unless customers perform a required number of transactions or maintain a minimum balance. Here's the new Webster Bank fee described by this Boston.com article:
Customers using Webster Bank’s basic checking will soon have to pay $8.95 a month if they do not have an average monthly balance of $1,000 or use their debit card 10 times a month.

This fee is now described at Webster Bank's Value Checking page (click on the details link above).





 
2
Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
Rep Points: 123,664
1. Friday, November 19, 2010 - 8:38 PM
Well, shoot, if you have to use your debit card 10x a month just to have a REGULAR free checking account, that makes reward checking look a lot more reasonable!
1
jeremy33jeremy337 posts since
Oct 31, 2010
Rep Points: 25
Reply