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.
Question & Answer
How can you avoid a monthly maintenance fee?
1 Answer
Verified archiveTo 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.