The End Is Near For Free Checking

[Dark Knight]

Bank of America Corp. and other banks are preparing new fees on basic banking services as they try to replace revenue lost to regulatory rules, in a push that is expected to spell an end to free checking accounts for many Americans.

http://finance.yahoo.com/banking-bu.../end-to-free-checking?mod=bb-checking_savings

 

[angelmom]

Free checking! That's a good one!

Yes, technically my checking acct. is "free." However, banks continue to charge ridiculous fees for everything from a bounced check (that someone else wrote to me! And I had funds in my acct. to cover the difference!) to depositing too much cash per month. I am not kidding.

 

[reportertype]

I switched to credit unions and will never switch back to chain banks.