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These fees can add up, with charges piling on top of charges for a single transaction.
Currently, most bank maintenance fees are avoided by having a balance above a threshold.
But this could turn into a fee regardless of your balance.
With this news in mind, here are your options should your bank start charging for a checking account.
There are checking accounts specifically designed for seniors that are unavailable to others.
Forbes also notes that the banks may introduce other fees in exchange for those waived.
Chase doesnt have a monopoly on the banking industry.
Its feasible that another bank wont go the same route.
Some banks and credit unions advertise zero monthly maintenance fees as a premier feature.
They dont want to lose too much of their user base, incentivizing them to hold onto the policy.
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