Bank Fees and Charges
If you are considering a new online bank account, it is important to research the bank account’s requirements and the bank fees and charges you may be asked to pay once you open a new account.
Many banks charge fees for requirements and behaviors many customers did not even realize they were being charged for. In fact, the average American pays over $329 dollars a year in bank fees and the top 5 largest banks in the United States made over $34 Billion in overdraft fees alone in 2017. Challenger banks such as Chime are trying to change that with a new kind of bank account with no hidden fees and offer a great banking alternative to many of the fee-riddled big bank accounts.
Below is a list of resources that describe each type of bank fee and how many banks compare on their fees.
Types of bank fees to look out for:
Comparision of bank fees for the largest banks in the United States:
- Bank of America Bank Fees and Charges
- Chase Bank Fees and Charges
- Citibank Fees and Charges
- Wells Fargo Bank Fees and Charges
Bank fees for the largest banks by city and state: