When we talk about steps you need to take to achieve financial success, we usually don’t talk about the importance of a checking account. That’s because they’re so common almost everyone with a bank account has one.
What many people don’t realize, though, is that most checking accounts have fees, and these fees vary from institution to institution. Knowing what these fees are and how to avoid them could save you hundreds of dollars a year.
This is the amount you’ll pay each month for simply having a checking account at some financial institutions. Most big banks charge this fee, and it’s around $10 to $12 each month.
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