US Bank Checking Account new fees

For everyone that opened up a FREE checking account (or any checking account at US Bank) in order to receive the $75 in free groceries be careful, I just received a letter in the mail stating that starting May 15th they are going to start charging a monthly maintenance fee of $6.95 with online statements or $8.95 with paper statements.

The way to opt out of the maintenance fees are
  *Make direct deposits totaling $500 or more during the statement cycle, OR
  *Maintain an average account balance of $1500, OR
  * Make an automatic transfer of $25 or more into a Package Money Market Savings account during the
     statements cycle.

Personally, I don't think we should have to pay for a bank to hold my money and I just am shocked at how charging for the accounts is now the norm.  Just a year ago these banks were offering the world so that you would open up an account with them. 

So sad

No comments:

Post a Comment