Monthly maintenance fees can cost you a lot of money. Third Federal: Third Federal charges fees on some accounts, but not on Third Federal High-Yield Savings.TAB Bank: There's no fee on TAB High-Yield Savings.Regions: Regions charges fees on some accounts, but not on Regions LifeGreen Savings.Pentagon Federal Credit Union: There's no fee on PenFed Premium Online Savings.Huntington Bank: No monthly service fee if you choose Huntington Asterisk-Free Checking.First Republic Bank: There's no fee for First Republic Passbook Savings.BMO Harris: BMO Harris charges fee on some accounts, but not on BMO Harris Smart Advantage Checking.Aspiration: There are no monthly fees on the regular Aspiration Account, but there are if you upgrade to the Aspiration Plus Account.Here are the companies that don't charge monthly maintenance fees: There are a few brick-and-mortar banks that don't charge fees on certain accounts, so those could be good options if you're set on in-person banking. Most institutions without monthly maintenance fees are online companies. Thankfully, there are plenty of banks and credit unions that don't charge monthly fees at all, which makes banking more affordable and less confusing. There's no fee for the first year if you set up recurring $25 transfers from your checking account. No fee if you keep a $300 daily balance, or if you're under age 18 or over age 62. Avoid it by maintaining a $100 daily balance or by being age 17 through 23. TD BankĬhecking fee: $15 for TD Bank Convenience Checking. Savings fee: None for Regions LifeGreen Savings. Regions BankĬhecking fee: $11 for Regions Bank LifeGreen® Checking Account. Waive it by maintaining a $1,500 average monthly balance, making one $500 direct deposit, or making $1,000 combined in direct deposits. Avoid it by keeping a $300 average monthly balance, automatically transferring $25 per month into savings, or being under age 18. Savings fee: $5 for PNC Bank Standard Savings. Avoid it by having a $500 monthly direct deposit to the Spend account, having $500 monthly balance in Spend + Reserve, or being age 62 and older. PNC BankĬhecking fee: $7 for PNC Bank Virtual Wallet®. No fee with a $300 daily balance or $1,000 average balance, or if you are under age 18. Savings fee: $4 for US Bank Standard Savings. Waive it by setting up $1,000 in direct deposits per month, maintaining a $1,500 average balance, or being age 65 or older. US BankĬhecking fee: $6.95 for US Bank Easy Checking Account. Avoid it by keeping a $500 daily balance or by linking this account to another Advantage account. Savings fee: $8 for Bank of America Advantage Savings. Waive it by signing up for the Preferred Rewards program or by being a student under age 24. Bank of AmericaĬhecking fee: $4.95 for Bank of America Advantage SafeBalance Banking® Account. To waive it, start each day with a $300 balance, autosave $25, link it to Chase College Checking℠ for overdraft protection, be under age 18, or link it to a variety of other Chase accounts. Avoid it by maintaining a $300 minimum daily balance, automatically transferring $25 from your Wells Fargo checking account, automatically transferring $1 per business day from checking, making one Save as You Go transfer from checking, or being under age 24. Savings fee: $5 for Wells Fargo Way2Save Savings. Waive it by maintaining a $500 minimum daily balance, making $500 in direct deposits, linking a Wells Fargo campus ATM or debit card, or being ages 17 to 24. Wells FargoĬhecking fee: $10 for Wells Fargo Everyday Checking. We've listed their monthly maintenance fees for checking and savings accounts, as well as how to waive them.įor institutions with more than one checking/savings account, we've listed the monthly maintenance fee for the most basic or popular account option. ![]() ![]() Here are the largest banks in the US by number of branches. Monthly maintenance fees at biggest banks Or go with a company that doesn't charge monthly service fees at all. So you probably want to choose a bank where you're eligible to waive the fees. ![]() Monthly maintenance fees can add up quickly, especially if you have multiple accounts. You can still waive it the following month if you keep a higher balance. Maybe you don't qualify to waive the fee one month because your balance drops below a certain amount. Your ability to avoid the service fee renews every month. Others waive it if you make a certain amount in direct deposits. Some checking accounts let you waive the charge if you make a minimum number of purchases with your debit card each month. You could waive the fee if you keep a minimum daily balance or an average daily balance over the course of the month. In many cases, you'll need to maintain a certain balance. Most banks make it possible to waive monthly maintenance fees.
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