Find the perfect checking account
The average checking account is susceptible to more than 30 fees, many of which are avoidable. Read on for pro tips to save hundreds a year in extra charges—and still get the services you need
Most of us have had the same checking account for 16 years, according to Bankrate.com. But with changing needs and banks’ rising fees, that account could be costing you more than you realize. In fact, the top three fees for checking accounts are the highest they’ve ever been, with monthly maintenance costing an average of $10.99, overdraft fees averaging $32.84 each and ATM fees topping $4.52 per transaction.
Luckily, many charges can be avoided by switching to an account that better suits your needs. “To find the best account for you, review your past six statements and zero in on the fees you’re charged most,” advises Jason Reposa, CEO of MyBankTracker.com. Then use the chart on the next page to help you find your best option.