Get the latest news and information from CU Insight delivered to you anywhere.

SIGN UP NOW

  News

 

4 Ways to Still Keep the ‘Free’ in Free Checking

Posted by Yahoo News on November 5, 2012

 
 

By David McMillin | Bankrate.com

Are growing bank fees frustrating you?

The banking landscape has changed dramatically over the past few years. Banks are dealing with new financial regulations, and consumers are receiving notifications that their checking account terms may be changing. As banks adjust their business models, many consumers worry that free checking will be part of the past.

“The availability of free checking has been cut in half in the last two years,” says Greg McBride, CFA, Bankrate’s senior financial analyst. “However, it’s not going away completely.”

Traditional, no-strings-attached free checking may not be on as many banks’ product menus, but that does not mean that all consumers are paying more for checking accounts.

A September 2012 survey from the American Bankers Association shows that 59 percent of all bank customers have managed to avoid paying any bank fees. The survey included a pool of 1,000 respondents.

If your monthly statement is frustrating you with growing bank fees, here are four ways you still can obtain free checking.

Continue Reading

 
 
 
 
PREVIOUS NEXT
 
 
Post a Comment
 

CU Partner Profiles see more »

  • LEVEL5 exclusively serves financial institutions in developing and implementing growth strategies through a continuum of five levels of [...] read more

  • CU24 operates the largest credit union-owned ATM and POS network, including access to more than 70,000 surcharge-free [...] read more

  • Member Loyalty Group is a CUSO that helps credit unions drive bottom-line results through organization wide Voice of [...] read more

  • Burns-Fazzi, Brock (BFB) focuses on providing exceptional benefit plans to executives and boards. Founded in 1995, BFB is [...] read more

  • AffirmX, formerly NeighborBench, helps credit unions reduce compliance and risk management and workloads, anxieties and costs. Our patented, [...] read more