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5 hidden costs of checking-account bonuses

Checking-account bonuses too good to be true?
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Checking-account bonuses too good to be true?

Increasing bank fees and disappearing free checking accounts may be making headlines, but financial institutions still know how to attract your attention and your business. From iPods to restaurant gift cards to cash, banks are promoting a range of bonuses in return for opening new checking accounts.

Before one of those tempting offers entices you, here are five reasons you should carefully consider the terms before you open the account and unwrap your promotional present.


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