Since the recent economic downturn, analysts have been predicting the demise of free checking accounts. However, the good news is that many Americans are still enjoying them in spite of the Dodd-Frank Bill and CARD Act. Since these bills closed sizeable revenue streams for different financial institutions, people believed that the banks would need to levy additional fees to deal with the situation. However, the reality is exactly the opposite. …

Offering its users rewards perks, ParkStreet Financial rose to prominence during 2011, when the large banks were heaping in new fees on their account holders in their response to consumer friendly reforms in the finance industry. When a debit card usage plan was introduced by the Bank of America, that was scrapped later, ParkStreet almost doubled up their number of customers with their reversed relationship with the customers and also …