Are you paying fees for a checking account?
If your financial institution is charging you fees for a checking account, you’re not alone. Free checking accounts used to be easy to find just a few years ago; every bank and credit union offered them, and those that didn’t, lost their competitive edge. Nowadays, most either do not offer free checking or require you to meet multiple stringent qualifications to open a free checking. Economic conditions, combined with financial industry regulations, have caused this trend; especially among the big banks.
You will find there are still many credit unions that offer free checking, including American United. Don’t let the big banks, e.g., Bank of America, Citibank, Wells Fargo, Chase, and Capital One, lead you to believe that free checking is a thing of the past. You can still have free access to your money through your local credit union.