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Here’s Why It’s So Hard to Get Free Checking Anymore

Free checking accounts used to be a fairly common perk offered by a lot of banks. Just a few years ago, almost anyone with decent credit could qualify for one of these accounts. Today, however, free checking teen_smallaccounts are next to impossible to find, leaving many customers wondering why.Free checking accounts used to make a small profit for the banks that provided them. In order to get one of these accounts, a person was usually issued a debit card. While the account was free to the user, every time the debit card was swiped a fee was paid by the retailer or merchant to the consumer’s bank. These fees were some of the highest in the industry, averaging around a dollar per swipe in some areas. For a typical checking account user making one purchase a day, a bank could collect around thirty dollars in fees per month. full article

 

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