Question & Answer

How can you avoid a monthly maintenance fee?

How can you avoid a monthly maintenance fee?
By opening a checking account and a savings account at the same bank or by maintaining a minimum balance in your account.

1 Answer

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Quizzma TeamMarch 1, 2025

To avoid a monthly maintenance fee on your bank account, you can often open both a checking and a savings account with the same bank, as some banks waive the fee if you maintain multiple accounts. Additionally, maintaining a minimum balance in your account, as specified by the bank, can also prevent monthly maintenance fees. Always check the bank’s specific requirements for their accounts to ensure you meet them.