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

First For Women - - Contents -

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.

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