There are indeed fees for a checking account at all physical banks I know of. Typically they waive the fee if you maintain over a certain balance so they can in

There are indeed fees for a checking account at all physical banks I know of. Typically they waive the fee if you maintain over a certain balance so they can invest it while you're not using it and make a profit on it, which they then use to [more than] pay your fees and profit from. Many also have further restrictions e.g. Charging you a fee for checking accounts unless you have direct deposit set up from your employer into their checking account. Here's a comparison of checking account fees for various banks: https://www.nerdwallet.com/checking-accounts?account_features&bank_type=IB&bank_type=NBK&checking_daily_balance=999&customer_type=everyone&direct_deposit=499&page=2&sort_key=monthly_cost&zip_code=94103 https://www.nerdwallet.com/checking-accounts?account_feature...