For plenty of banks that's not the case. For ex Wells Fargo charges $10/month if your balance is less than $500[1]. That's a big deal for some people. Ally Ban

For plenty of banks that's not the case. For ex Wells Fargo charges $10/month if your balance is less than $500[1]. That's a big deal for some people. Ally Bank offers no minimum, but they're online only and reimburse for (some) ATM fees rather than it being free upfront. Many ordinary people who try to get an ordinary bank account at an ordinary bank they take the bus and the walk to end up paying fees. [1]: https://www.wellsfargo.com/checking/everyday/monthly-service-fee-everyday/ https://www.wellsfargo.com/checking/everyday/monthly-service...