In fact, even if you weren't planning to shop, checking account fees many banks are imposing these days may make you reconsider. Perhaps this is a perfect time to re-evaluate your checking options . These usually waive monthly fees if you maintain a minimum balance. No-frills checking accounts. These charge a lower monthly service fee in exchange for limited check writing privileges.
Many institutions advertise free checking.
Institutions may tag so-called free accounts with requirements such as use of a debit card or direct deposit. Many financial institutions offer free checking to the elderly, disabled, or students. You have to ask for it. Many institutions advertise free checking, but only one out of 12 actually offer it. Fees are on the rise, especially among multistate banks.