For banks, free checking is many things. But it is not free.

Despite a public perception that taking deposits is a cannot-lose business, maintaining a checking account costs banks $250 to $450 per year. In many cases those accounts do not even turn a profit.

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry