A look at some checking account terms

AP News
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Posted: Nov 10, 2009 6:11 PM

Citibank says it will start charging a $7.50 monthly fee on Access and EZ checking accounts unless customers maintain a $1,500 balance. A look at some of the policies of the nation's biggest banks on basic checking accounts.

Specific terms may vary by region.

Bank: Monthly Service Fee

BANK OF AMERICA: $8.95

The fee can be waived if you meet one of these conditions:

_Set up direct deposit

_Open the account online

_Maintain a minimum balance of $1,500

CHASE: $6

The fee can be waived if you meet one of these conditions:

_Set up direct deposit

_Make at least five debit card purchases a month

CITIBANK: $7.50

The fee can be waived if you:

_Maintain a minimum balance of $1,500

PNC FINANCIAL: $0

_A $25 minimum is required to open an account.

WELLS FARGO: $8

The fee can be waived if you meet one of these conditions:

_Set up direct deposit

_Set up automatic transfers to a Wells Fargo savings account

_Set up automatic bill pay to a Wells Fargo credit line

_Maintain a $1,000 minimum balance