Some banks charge a monthly checking account fee if you don't keep a minimum balance in it — say $ 1,500, for example. (wisebread.com)
** Monthly Account Fee charged if daily balance falls below minimum balance requirement OR number of items are exceeded. (frankenmuthcu.org)
The fact that there are no annual account fees for registered accounts is a big plus for lower - asset investors who can't normally get their fees waived at the other banks. (moneysmartsblog.com)