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Free checking costs a lot more as bank fees rise to record highs

Bank of America

It costs a lot more to get free checking as banks significantly have boosted the average required minimum balance this year to $723, according to data released Monday by Bankrate.com.

 

Free checking on the endangered list

Free checking on the endangered list

Remember back in the good old days when you could just walk into any old bank and get free checking account? The times they are a changin’.

 

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