checking

Your bank's been acquired: Should you stay?

Minimum-balance fees
Next
2 of 8
Back
text

Every bank and credit union has different levels of checking and savings accounts -- each with their own minimum balance requirements. It's important to find out what those are with your new financial institution to avoid being hit with monthly service charges.

"Usually, the takeover bank is bigger," says Bedda D'Angelo, president of Fiduciary Solutions, a financial planning company based in Durham, N.C. "Bigger banks typically have bigger and more fees."


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Duped by 1970s bond scam?

Dear Dr. Don, Back in 1976, there was a chain letter scam involving savings bonds. I got caught up in it. You could buy a bond for the person at the top of the list and you were then supposed to receive many more in return.... Read more

advertisement
Partner Center
advertisement

Connect with us