[hl0m4n]

what banks offer free accounts without having a minimum balance? i just got a letter from HSBC saying we need $5,000 minimum in the account or they will charge $15 a month. i understand why they are doing it it is 100% bs imo.

what banks you guys with? any policy changes with yours?

[CollinsE90]

Originally Posted by hl0m4n

what banks offer free accounts without having a minimum balance? i just got a letter from HSBC saying we need $5,000 minimum in the account or they will charge $15 a month. i understand why they are doing it it is 100% bs imo.

what banks you guys with? any policy changes with yours?

i used to work for wachovia/wells fargo and they have a free accounts just need a $100 first deposit and no charges, checks arent free nor money orders or cashiers checks either...that letter is bc you signed up for one of the premier accounts that come with free stuff, but honestly i wouldnt bank with wachovia IMO, get a checking account with a credit union bc they have a faster proofing systems and deposits are put in faster as well as direct deposits, any other questions feel free to ask

[Sara]

Both my banks (Credit Unions) dont require a minimum.

[samwoo2go]

WAMU did, until Chase took over... so the answer is no.

[CollinsE90]

Originally Posted by samwoo2go

WAMU did, until Chase took over... so the answer is no.

Chase does offer one, you just need a direct deposit and 5 debit card transactions a month...almost ALL banks offer free checking with no balance or monthly charge, they are just selling you the "premier" checking accounts bc you guys have a higher balance than most people

[Hawkeye]

Also depends on the type of account. If you earn an interest rate then there is almost always a minimum. My CU has the low minimum of $5 and earns decent interest.

Most checking accounts don't have minimums unless you get a ton of specialty perks as well.

[JayKay335i]

I bank with citibank. Show them school transcripts once a year and they wave the $15 a month.

[CollinsE90]

Originally Posted by JayKay335i

I bank with citibank. Show them school transcripts once a year and they wave the $15 a month.

you shouldnt have to do that, they should have a free student checking with no fee's anyways


http://www.citibank.com/campus/account.cgi

while in school its free, like all other major banks

[JayKay335i]

Originally Posted by CollinsE90

you shouldnt have to do that, they should have a free student checking with no fee's anyways


http://www.citibank.com/campus/account.cgi

while in school its free, like all other major banks

Thats what it is. But they are douche bags. You have to go in every year or two and show them that you are still a student or your account magically turns into a non-student account and they start charging you. Gotta pay attention to your statements.

[BTM]

Bank of America checking/savings, no fees, no minimums

[Feyd]

Originally Posted by BTM

Bank of America checking/savings, no fees, no minimums

+1

But you've got to have at least 1 direct deposit per month....

[BTM]

Not for me, though I did sign up for keep the change.

[JayKay335i]

Gonna



Getchu

[lux.sh]

Most major banks these days offer basic free checking with minimum deposit. Usually $100.

There are online banks, which is becoming a trend. They offer greater degree of "benefits" compared to traditional brick-n-mortar banks. Look into some online ones if you don't have to visit the bank all the times. They usually have better reward programs, paid ATM fees, and many more. Spend 15 minutes on Kiplinger personal finance section, you will acquire all the knowledge you need.

[RENN Spec]

Originally Posted by JayKay335i

Gonna



Getchu

WTF IS THAT?!

P.S. Union Bank has free checking.