The term “brokerage” brings to mind mutual funds and stocks, and hence, most of them are unaware that checking accounts can also come with brokerages. However, according to a new study, brokerage checking accounts is often a much better option that regular ones offered by banks. The reasons for considering brokerage to open a checking account are: Eliminate the expensive monthly fees: Today, there are only few banks who …

The average maintenance monthly fee related to checking non-interest accounts is $5.48. This was a 25% hike compared to last year’s situation. Similarly, the fee for overdraft is also at a record all-time high. With fees going up, free checking is gradually becoming an extinct service. All the indications point out that this trend is going to continue for the time being. Today is miniscule 39% major U.S. banks are …