By Louis DeNicola, Cheapism.com
In spite of the bad rap surrounding the banking sector of late, most of us continue to use checking and savings accounts associated with the very same banks implicated in the financial crisis. When it comes to storing your money, and earning interest on that money, banks are far more useful than a box under the mattress. But if your checking account requires a minimum balance, doesn't reimburse for ATM fees, or assesses a monthly service charge, consider switching to a no-fee banking arrangement. Most no-fee banking accounts are offered by online banks that cut expenses by not having to pay personnel, rent, and basic overhead to keep branch locations open. These savings are passed on to customers in the form of higher interest rates, lower fees, and free services.A no-fee banking option might be ideal for your needs.
No-Fee Banking Providers. Ally Bank, formerly GMAC bank, offers 24/7 phone-in customer service (chat is also available) andRead More »from Bank Fees? Never Mind