Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Searching for a New Checking Account

Sunday, April 4, 2010 - 9:49 AM
This Barrons article looks into the issue of finding a new bank with a checking account that won't cost you. It has a couple useful tips, but it leaves out reward checking. Most interesting are the stats that it quotes:
Filene Research Institute has found that three-fourths of the $183 average annual cost of maintaining a bank checking account comes from nonsufficient funds (NSF)/overdraft fees. [...] Noninterest income now accounts for 27% of bank revenues
If you're searching for a new checking account, refer to the Checking Account section and the Reward Checking section of DepositAccounts.com.
1
Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
Reply