Whatever Happened To Free Checking?

Whatever Happened To Free Checking?
Tuesday, September 25, 2012 - 8:35am

Whatever happened to free checking? According to a survey by Bankrate.com, only 39% of non-interest checking accounts are free to all customers. That's down from 45% last year and down from 76% in 2009.

The survey also found the average monthly service fee on checking accounts is at a record $5.48. That's up 25% from Bankrate's survey a year ago. Of those surveyed, 72% said they would consider leaving their bank if it raised its fees on checking accounts.

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