Table of contents
Chapter 1: Types of checking accounts
Chapter 2: ABCs of ATMs
Chapter 3: Fees, fees and more fees
Chapter 4: Protecting your account
At some banks it will cost you to not do business with them. A fee for closing an account is typically imposed if you close an account within 90 days of opening it, but some banks zap you with the fee if the account is closed within six months. The lowest fee we've seen for this is $5, the highest $25.
This isn't a universal fee; you'll find many institutions that don't charge for this. Before opening an account, ask for a fee schedule, or at least ask specifically if there's a charge for closing an account. If you want to close an account because of poor service or mistakes that the bank has made, and closing would be subject to a fee, request that the fee be waived.
It's also important to follow some guidelines for closing a checking account or you could face some bounced-check fees, and that could give the bank the last laugh.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Dear Dr. Don, The youngest of 6 children, I am 48 years old. My father joined the Navy at 22. In Italy, he met his bride and my mother, and returned to the U.S. to raise our family. In 1959, he bought a trust certificate... Read more
Investors triple-teamed the market, boosting the Dow Jones Industrial Average (18,613.52), the benchmark S&P 500 (2,185.79) and the Nasdaq (5,228.40) to new records at the close Thursday
... Read more