Depends on the bank. Credit unions don't do this. Neither do "mutual banks" https://en.wikipedia.org/wiki/Mutual_savings_bank https://en.wikipedia.org/wiki/Mut

Depends on the bank. Credit unions don't do this. Neither do "mutual banks" https://en.wikipedia.org/wiki/Mutual_savings_bank https://en.wikipedia.org/wiki/Mutual_savings_bank There's usually one or the other in pretty much every decent sized city. My credit union doesn't have a lot of fancy features but it has shared branching (can pull out money at other CUs), ATM access at most 7/11s, and zero cost for a basic checking account that can receive direct deposit, with an online bill pay that can even mail a physical check to whoever I want. Even larger banks sometimes aren't publicly traded. (