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Old 12-17-2009, 11:30 AM
Porcha Porcha is offline
Join Date: Dec 2009
Posts: 36
Default Minimum Balance
I have looked at several checking accounts that are "FREE" and have just a $500 initial deposit but then in the terms it says if you don't keep a minimum $5000 in the account then you will receive a fee. What's the point?
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Old 12-17-2009, 12:48 PM
Electra Electra is offline
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Join Date: Dec 2009
Posts: 11
That is usually how they get their money. People will miss that part and not understand why they are being charged then it will magically appear on their statement and there won't be much anything at all they can do to stop the fees except try to accrue the outrageous amount the bank requires.
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