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The average U.S. checking account incurs $9.87 in fees per month (2014 data): https://files.consumerfinance.gov/f/201407_cfpb_report_data-point_overdrafts.pdf
by commoner 5y ago
The average U.S. checking account incurs $9.87 in fees per month (2014 data):
https://files.consumerfinance.gov/f/201407_cfpb_report_data-point_overdrafts.pdf https://files.consumerfinance.gov/f/201407_cfpb_report_data-... (PDF, page 9)
While there are fee-free checking accounts in the U.S., many of the largest banks only offer paid checking accounts that qualify for a monthly fee waiver if certain requirements (such as an average/minimum daily balance, an amount of monthly direct deposits, and/or a number of monthly debit card transactions) are met. However, U.S. credit unions tend to have more consumer-friendly offerings.