If you open a regular savings account, you will not be subjected to any monthly service charge. However, the only condition you have to fulfill is to maintain a minimum of 300$ or more as a daily ledger balance. The other option to avoid the monthly service charge is to make at least one single deposit of 25$ or more each month. There is also the third option, and that is to consider opening an account that has no regular monthly service charge and no minimum balance requirements.