The Bank of America is seeking to introduce a checking account system that will see customers charged a standard and one time maintenance fee of $4.95 per month but won’t allow customers to write checks. With the new checking account that the Bank of America wants customers to sign up for, customers will not be allowed to write checks anymore. The Bank has fronted two major benefits to this new …

Free checking is at its best form for the presence of Credit Unions. As per Bankrate’s 2014 Credit Union Checking Survey almost 72% of the US 50 largest credit unions are offering free checking accounts which means no service fees and not even any other kind of fees no matter what the balance is. The number of credit unions offering free checking is in a better position than the free …