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By Cameron Huddleston, Contributing Editor, Kiplinger.com
September 8, 2010
What happens when the government crafts new rules to reduce fees banks charge customers? Banks find new fees to charge. Because banks can no longer charge overdraft fees (unless customers opt in to an overdraft plan), they're looking for ways recoup lost revenue. Among the first services to be affected will be free checking, according to the October issue of Kiplinger's Personal Finance. It will be tougher to find accounts without fees or strings attached. Tougher, but not impossible.
Phil Taylor at PTMoney.com has come up with a list of the best free checking accounts at online and brick-and-mortar banks. For each account, he specifies whether there is a minimum balance requirement, what the initial deposit requirement is and whether free online bill pay is part of the deal. He favors online banks, though, because they offer better perks, such as cash-back rewards.
Here are more personal finance tips and insights from across the Web:
4 Ways to Bug Your Boss for More Money -- and Get It [Wise Bread]
"Everyone knows we're in a recession, but let's face it: You may deserve to get paid much more than what you're getting now!"
5 Tips for Those Working in a Job They Hate [Bargaineering]
"Even if you’re stuck for the time being in a job you don’t like, you can still learn from your experience."
Should You Be a Lifetime Renter? [Mint.com]
"If you choose to rent, possibly for your entire lifetime, you will need a rental nest egg saved up for housing expenses in retirement."
Collegiate Conniving: Students Risk Credit by Co-signing for Pals [WalletPop]
"Students who are helping their friends skirt the intentions of the CARD Act by co-signing for them could have their credit trashed or be forced to pay for their pal's late-night pizza runs or MP3 collection paid for with the jointly owned card."
8 Unique Ideas for Frugal Home Get-Togethers [Money Under 30]
"Here are some creative ways to enjoy staying in with friends without busting your budget."
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