Compare bank account fees

Spend and save freely by staying in-the-know about extra costs.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Top on the list of Frustrating Trivial Experiences is getting hit with a seemingly random bank account fee. The good news is that it’s possible to avoid most bank account fees with careful planning, diligence and by understanding your provider’s policies exactly.

The most common bank account fees

As the cynics say, “nothing is truly ever free.” In the case of extra bank accounts fees, they’re not wrong. Not every bank charges each type of fee, but you’ll want to read the fine print to see what extra costs you might incur, including:

Compare bank account fees below

Name Product Fee ATM transaction fee Overdraft fee Nonsufficient funds fee Foreign transaction fee
M&T Bank EZChoice Checking
$0
$0
$38.50
$38.50
3%
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
M&T Bank MyChoice Premium Checking
$24.95/month
(can be waived)
$0
$38.50
3%
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
$25/month
(can be waived)
$0
$34
$34
0%
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
BBVA Online Checking
$0
$0
$38
$38
3%
A full-service account with convenient, surcharge-free access to two massive ATM networks.
Axos Bank Rewards Checking
$0
$0
$0
$0
1%
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
$0
$0
$0
$0
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

Name Product Fee ATM transaction fee Fee per transaction over the limit
Barclays Online Savings
$0
$5
Earn 20x the national savings account average with no fees or minimums.
American Express® Personal Savings High Yield Savings
$0
$0
Enjoy no monthly fees and a competitive APY with this online-only savings account. Accounts offered by American Express National Bank, Member FDIC.
BBVA Money Market
$15 per month
$0
$10
Earn one of the highest annual percentage yields (APYs) if you live in one of 42 eligible states, and access your money by ATM, check or bill pay.
UFB Direct High Yield Savings
$0
Earn a competitive rate with a balance higher than $10,000.
CIT Bank Savings Builder High Yield Savings Account
$0
A super-high interest rate if you're in the habit of saving at least $100 per month or have $25K in the bank.
Radius Bank High-Yield Savings
$0
$0
A free high-interest savings account with a $100 minimum deposit to open

Compare up to 4 providers

Everyday checking

Certain products charge no bank account fees at all, but keep in mind that this perk usually comes with conditions — like a required minimum monthly deposit.

If you’re interested in applying for an account with no monthly maintenance fees at all, here are a few options to consider:

Product Account feesFeatures
Capital One 360 Checking account$0
  • Use over 39,000 Capital One and Allpoint ATMs for free
  • Earn APYs of –0.2% on balances
Axos Bank Essential Checking $0
  • Unlimited domestic ATM fee reimbursements
  • No overdraft fees
Simple$0
  • Get a free checkbook
  • Use tools to track your spending
Ally Interest Checking$0
  • 24/7 customer service
  • Free Allpoint ATM use; other ATM fees reimbursed up to $10/month

High interest savings

It’s possible to grow cash without paying a cent. These high yield savings accounts from digital banks offer competitive APYs with no monthly maintenance fees in sight — you may even feel a little guilty getting away with it.

Product Account feesInterest rateFeatures and restrictions

Marcus by Goldman Sachs

$01.7%
  • No minimum deposit
Wealthfront Cash Account$01.82%
  • $1 minimum deposit
Citizens Access Online Savings account$01.85%
  • $5,000 minimum deposit
HSBC Direct Savings$02%
  • $1 minimum deposit
Discover Online Savings Account$01.7%
  • No minimum deposit
  • Get bonus cash rewards

Bottom line

Whether or not you choose a provider with no maintenance fees, there’s usually overdraft or foreign transaction fees waiting in the dark. The best way to avoid bank account fees is by keeping a close eye on your provider’s policies.

Before committing to a bank, shop the market to find a bank that meets your needs exactly to ensure you’ll have the best experience overall.

FAQs about bank account fees

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site