learn what other users had to say about

the Price of Checking Accounts

Price 
Location 
Submitted by  
Description
$ 0
Apr 2008
North Brunswick, NJ
checking
Great services from free checking account  more... close row
$ 0
Apr 2008
Boiling Springs, SC
regular checking
Bank with very helpful services  more... close row
$ 12
Jun 2007
Phoenix, AZ
checking
Basic checking account with many limits  more... close row
$ 18
Feb 2008
Houston, TX
checking
Fee for one time services  more... close row
$ 0
Sep 2007
Alameda, CA
checking
Direct Deposit Checking Account  more... close row
$ 0
Jan 2008
Canton, Michigan
Checking
New checking account with no minimum balance  more... close row
$ 4
Jan 2008
Greenwood, IN
checking
Checking account with a credit union  more... close row
$ 0
Apr 2008
Fayetteville, NC
Checking
Another free checking account  more... close row
$ 0
Apr 2008
Kennebunk, ME
Checking with ATM
Basic checking account with ATM benefits  more... close row
$ 0
Apr 2006
Tewksbury, MA
free interest checking
Free checking with interest  more... close row
$ 6
Mar 2008
Phoenix, AZ
checking
Basic checking account with increasing fees  more... close row

Description of service

The service in question is a basic checking account. The $6 account maintenance fee is waived with a minimum monthly balance of $500. Other fancier accounts are available to suit the needs of a variety of customers, each with fees set relative to the service provided.


Review of Service

I've had this checking account with the same bank for almost a decade. Initially the checking was free, regardless of how much was in the account, but after 5 years the fee was raised without notice to $3.50/month. Recently, i.e. within the last few months, the price of service was increased to $6/month and I've been considering ditching this account entirely. The checking account no longer suits the way I do business as I never write checks anymore, and work almost exclusively by a no-limit credit card that has interest waived if the charged amount is paid within a month. When I don't use credit, I use cash drawn from an interest-paying savings account.


Tips

Shop around and talk to the bank's officers. They'll be able to help you pick out an account whose features suit your needs, whether they are investing or speculation or savings or a basic checking account. Be sure to keep their quotes in mind when talking to competitors. This is especially important if you're dealing with large dollar accounts like those set up for retirement savings.


$ 0
Apr 2008
North Brunswick, NJ
Checking
Absolutely free of any charge checking account  more... close row