A survey overseen by a financial management website found that the fewest number of banks since 2009 offer fee-free checking accounts.
MoneyRates.com, a website launched by accountant and consumer financial adviser Richard Barrington, surveyed 100 banks, 50 larger asset ones and 50 smaller asset ones about their checking account fees. MoneyRates conducts the survey twice a year.
MoneyRates.com found that only 30% of banks offered checking accounts that are free of monthly maintenance fees and that the average monthly service fee was $12.43, while the average overdraft fee is now $31.60.
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