Flashback To 2011: BofA Waffles On New Fees
According to the latest MoneyRates.com Bank Fees Survey, only about one-third of checking accounts are free of monthly maintenance charges. However, in some cases, the fees on other accounts can be waived if consumers maintain certain minimum balances or use other bank services, such as paperless statements or direct deposit.
As options for free checking dwindle, more banking customers may seek out alternatives to big banks. Online banks and credit unions often provide free checking options, and as a bonus, savings account interest rates and CD rates may also be higher at these institutions.
It remains to be seen whether consumer resistance will eventually stem the tide of new service charges at major banks. So for now, big bank customers may want to keep a close eye on their monthly statements.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV