Comments on: Free Checking Isn’t Really Free

By: urmi gupta

urmi gupta — Wed, 10 Aug 2011 18:14:50 +0000

Please tell me the bank name who offer 5.25% interest on savings account money?

Urmi Gupta

By: Bonnie

Bonnie — Tue, 09 Feb 2010 17:04:19 +0000

I have a wellsfargo account (checking). Not a good bank to deal with. While I accidently had the wrond account to paysomething through paypal I also deal with IBC Bank, I had wellsfargo setup instead of IBC. I accumualated overdraft fees on wellsfargo and I noticed that so I fixed in paypal and made IBC and my primary. But in the mean time Wells fargo charged me the over draft fees but they did not pay the people I needed them to pay. They charged me 4 over drafts fees each 35.00. I went in the main branch told them my story at least they could have taken off one but nope they said it was not an accident. So
moral of the story is watch what you do when you sign up with these big banks.

By: Young

Young — Sun, 27 Jan 2008 06:38:03 +0000

Yup, my free checking is really free. But I am planning on closing my BoA checking, because, while they don’t have a minimum, they seem quite eager to slap on other fees that I can do without!

By: Tim

Tim — Sat, 16 Jun 2007 15:05:47 +0000

oh, i forgot my point. my point was that you probably can get your minimum counted if deposited into their savings account or cd’s.

By: Tim

Tim — Sat, 16 Jun 2007 15:04:39 +0000

mine requires $15k min balance, but any deposits count towards the $15k. so, i have the $15k in laddered cd’s.

By: keith

keith — Fri, 15 Jun 2007 23:05:19 +0000

salemfivedirect.com

No minimum balance – 5%+ – $15 atm refund.

Is your checking paying 5% interest, or just…kinda somewhat sort of near 5%?

By: CK

CK — Fri, 15 Jun 2007 20:22:51 +0000

Our checking with National City is free as long as we direct deposit a payroll check with them, no minimum balance. Plus free checks, online bill pay, and a safe deposit box.

By: bk

bk — Fri, 15 Jun 2007 19:30:14 +0000

My checking account is the new HSBC payment account. It has worked well so far, and I’ve switched all my auto payments to it. I keep as close to 0$ in it as possible. I transfer money from the savings account right before it is due (keeping in mind the 6 transfer per rolling 30 days limit). I do have a local bank with free checking and a 0$ minimum if I ever need to deposit a check (rarely ever) and then transfer to HSBC.

By: jim

jim — Fri, 15 Jun 2007 18:43:12 +0000

At BOA?

By: Blaine Moore (First Time Home Owner)

Blaine Moore (First Time Home Owner) — Fri, 15 Jun 2007 18:30:09 +0000

I just opened a new checking account with no minimum balance, but it comes with a savings account that comes with a guarenteed 5.25% interest on the savings account through the end of the year. You need a minimum balance of $2500, but I’ll just transfer the majority of my online savings into that and get direct deposit set to go there. Then I will not have to wait a few days to transfer money between my savings and checking accounts, and money that is not accounted for will already be in savings without me having to remember to transfer it.