In our last post on Checking account promotions and bank deals we gave you a list of the best checking accounts to open in.However that was only the good part.All checking acocunts come with fees that aren’t openly promoted for obvious reasons. All of us hate fees, it feels like are penalized and punished,but its a harsh reality and its the bad that comes with the great promos that are showered on us with.

Out of the various fees that we have to endure at some point of time, the most common (and useful) of these are stop payment,overdraft and non sufficient funds which have been tabulated below.The difference between Overdraft and Non sufficient funds are that the bank extends a line of overdraft credit to each customer depending on factors like account activity, value of deposit.This is a negative balance on your account and the bank could either give you that OD credit and pass a check/cash transaction (and charge you OD fees) or decline your transaction/check and charge you an NSF fee.

Comparison of checking account fees

 

Bank	Stop Payment($)	Overdraft($)	NSF ($)
Sovereign	30	35	35
BB & T	n/a	35	35
Ally Bank	15	9	9
Wells Fargo	31	31	31
Bank of America	n/a	35	35
FNBO Direct	33	33	33
Capital One	25	n/a	n/a
Everbank	30	30	30
Chase	n/a	34	34
Incredible	29	34	34
ING	25	0	0
First Bank	25	30	30

 

 

Sovereign bank

Classic checking

Monthy fee-none
Avg Daily Balance-$500
Overdraft-$35
NSF-$35
Stop-$30
Domestic Incoming $13.00
Domestic Outgoing $25.00
International Incoming
U.S. Currency $13.00
Foreign Currency No Fee
International Outgoing
U.S. Currency $40.00
Foreign Currency $31.00
Overdraft Transfer (per transfer)$12.00

bb and t

Bright Banking Account

Monthly fee-0
avg monhtly balance-1500
OD-$35

Ally Bank

OD-$9
Returned nsf-$9
stop-$15

Returned Deposit Item$7.50

Up to 1% of the transaction

Outgoing wires (Domestic & Internation) $20
Expedited Delivery for items: debit card, checks, etc.$15.00

 

Wells Farg0

Value Checking

Monhtly fee-$0 otherwise $5
OD-$25
Daily Balance $1500
Cashier’s check $10 each
Cashed/Deposited returned item $12 per item – for items returned unpaid to Wells Fargo for any reason
Check Image Statements
$2 per month for copies of the front of your checks (10 checks per page)
$3.50 per month for copies of the front and back of your checks (5 checks per page)
Note: The fee is assessed every month, even if no checks are paid
against your account.
Check printing Varies
Excess activity fee $10 per item – when you have exceeded six transfers or withdrawals per month from your savings account per Regulation D requirements
International debit card purchase fee 3% of transaction amount
Money Order (up to $1,000) $5 each
Stop Payment $31 each
Wire Transfer $15 for incoming domestic/internal
$30 for outgoing domestic/internal
Access to Wells Fargo Online Bill Pay $6.95  per month (includes up to 25 payments per month)

Bank OF America

Essential Checking Account

Monhtly $6

Online and Mobile Bill Pay service, for each statement cycle during which you use the service to pay one or more bills – $4.00 Monthly Online Bill Pay fee
MyExpression Banking added to your debit card or checks, one-time fee — $25.00 Specialty Account Set-up fee

You may link additional Bank of America Essentials checking accounts to your primary account. Each additional linked Bank of America Essentials checking account – $5.00 Monthly Fee for an Additional Checking account

For each additional checking account, we do not waive the $5.00 Monthly Fee for Additional Checking account.

*The standard Overdraft Item Fee is $35. The standard NSF: Returned Item Fee of $35 applies if we return the item unpaid

$15 each international item

 

Fnbo Direct

Account Closure (within 12 months of open date)
Continuous Overdraft Fee $50.00

Fee charged on sixth day (if account is negative after 5 consecutive days)
Daily fee charged thereafter (until account has a positive balance $15.00/$3.00
Overdraft Item Fee (maximum 6 per day) $33.00
Return Item Fee (maximum 6 per day)$33.00
Deposited Item Return (per item) $8.00
Initial Dormant Account fee $25.00

Monthly Dormant Account fee $10.00
Garnishment, levy, writ, subpoena and other information request including, but not limited to, information request from law enforcement and/or government agency (if applicable): $100.00
ATM or VISA Check Card Replacement $5.00
Cash Withdrawal (per transaction)$3.00
Balance Inquiries (per transaction)$2.00
International Service Fee (card transactions) 2% per transaction
Incoming wires $15.00
Outgoing $25.00
Tracers / Wire Research (per hour) $25.00

Copy Requests (per request) $5.00

Next Day Transfer Fee (per withdrawal) $10.00
Standard Transfer Fee  $0.00
Next Day Delivery Fees $10.00
Research Fee (per hour with a $25.00 minimum) $25.00
Stop Payment Fee
Per Check, ACH, BillPay or Pre-Authorized Visa Debit Card Transaction$33.00

Per Renewal $33.00

Check Issuance Fee (per item) $5.00

Capital One

Copy of Check/Statement:$3.00/item
Account Research/Reconciliation:$20.00/hour
Expedited mail service (not including Debit cards):$15.00
Debit expedited mail service:$25.00

Stop payment requests:$25.00
Outbound wire transfer (Fee only for outbound domestic wires, NOT including inbound):$20.00

Verification of deposit $25.00
Government Reclamations (ACH or Paper) $50.00

Legal Process (including, but not limited to, restraining notice, levy, court order, injunction, order of attachment or any type of subpoena) $50.00

Everbank

The following fees may be assessed against your account and the following transaction limitations, if any, apply to your account:
CHECKING ACCOUNTS
Yield Pledge®
Checking Account.
Minimum Deposit Required to Open Account $1,500
Yield Pledge Checking Account monthly fee  $0.00
Basic Checking Account. (Available through an EverBank Financial Center, and to NY residents*)
Minimum Deposit Required to Open Account .050
Residents of the State of NY .25
Monthly fee in any month when average daily balance is below $50.$5
Residents of the State of NY  $0.00

Overdraft Protection Monthly Fee  $0.00
Overdraft Protection Payment Late Charge .$25

Outgoing Wire Processing  $25

NSF (Insufficient Funds) $30

Stop Payment Item  .30

Wire Funds into EverBank (foreign or domestic)$0.00
Wire Funds out of EverBank (foreign)

(In addition to fees charged by other financial institutions) .50
Wire Funds out of EverBank (domestic).$25

Returned Deposited $20

OD-$30

 

Chase Bank

 

Monthly Service Fee $25

Monthly Service Fee $0 Monthly Service Fee when you have an average daily balance of $15,000 or more in a combination of qualifying linked deposit / investments
Chase ATM $0 for using a Chase ATM to complete any transaction.
Non-Chase ATM $0 for first 4 Inquiries, Transfers and Withdrawals each statement period at a non-Chase ATM in the U.S., plus any fees the ATM owner charges.
$2 for any Inquiries, Transfers and Withdrawals over 4, plus any fees the ATM owner charges.
Fees for using your account when you don’t have enough money in it or it’s already overdrawn

Insufficient Funds Fee $34 for each item we pay (maximum 3 Insufficient Funds and Returned Item fees per day).

Returned Item Fee $34 for each item we do not pay (maximum 3 Insufficient Funds and Returned Item fees per day).

Extended Overdraft Fee $15 is charged once after your account is overdrawn for 5 consecutive business days. You will be charged this fee even if your account is overdrawn by $5 or less.
Overdraft Protection Transfer Fee (If you are enrolled) $10 for each day when we transfer available funds through Overdraft Protection. However,
if your ending account balance is overdrawn by $5 or less before the transfer happens,there is no fee.

 

Incredible

Service Rendered	Unit/Price
Replace lost Check Card	$5.00
Deposited checks (and other items) returned unpaid and resubmitted to the paying bank	$5.00
Deposited checks (and other items) returned unpaid and charged back to your account	$5.00
Garnishments/Levies	$40.00
Account research	$25.00
Stop Payments (all items)	$29.00
Non-Electronic Statements	$15.00 per month
Account closing within 90 days	$10.00
Check drawn on account	$20.00 per check
The following fees apply to overdrafts created by check, in person withdrawal, ATM withdrawal, or other electronic means as applicable:
NSF returned items charge	$34.00 per item $340.00 max per day
NSF paid items charge	$34.00 per item $340.00 max per day
IncredibleBank, a division of River Valley Bank

 

 

ING

Overdraft Line of Credit. You pay interest if your balance drops below zero and you use your Overdraft Line of Credit. Unlike traditional banks, Electric Orange does not charge a fee to use your overdraft, and there’s no fee to sign up. If you use it, you will only pay interest on the amount you borrow.

Overnight Delivery of a Check. If you use our Overnight a Check service to send payments via overnight courier (for those instances when you need to send money for next bank business day delivery) the cost is $20. First-class Mail a Check delivery is free if you can wait a couple of days.

Overnight Delivery of a Replacement Card. If you request to have a replacement Electric Orange Card sent to you via overnight courier, the cost is $25. There is no charge for standard delivery of a replacement card.

Rejected Check. If a check is presented to us for payment and there aren’t enough funds in your account, there is a $9.00 Rejected Check Charge that will automatically be deducted from your Electric Orange.

Stop Payment. If we’re able to stop a paper payment at your request, there is a $25 stop payment charge.

Foreign Transaction. If you use your Card for a foreign transaction (any transaction made in a foreign currency or that MasterCard® classifies as a cross-border transaction), a charge of 2% of the foreign transaction amount will be applied. If it’s in a foreign currency, this will be based on the amount after it’s converted to U.S. Dollars by MasterCard. This is in addition to what MasterCard may charge as part of converting the purchase to U.S. Dollars. Please remember to notify us if you are travelling overseas.

 

First Bank

ATM Replacement Card	$15.00
Debit Card Replacement	$15.00
Debit card purchase Dollar limit	$500.00 per day for ATM and $1,000 per day for point of sales
Debit Card Purchase Limits for Businesses	$5,000 for point of sale and $1,000 for ATM
Check printing	Fee depends on style of check ordered
Treasurer’s Check	$5.00
Money Order	$2.50
Traveler’s Checks	$1.00 per $100.00
Traveler’s Checks for Two	$1.50 per $100.00
Overdraft	$30.00 per item
The categories of transactions for which an overdraft fee may be imposed are those by any of the following means: check, in-person withdrawal,  or other electronic means.
Uncollected funds	$30.00 per item
The categories of transactions for which an uncollected fee may be imposed are those by any of the following means: check, in-person withdrawal, or other electronic means.
Deposited checks returned unpaid	$10.00
Account activity printout	$5.00
Account Research	$25.00 per hour, minimum 1 hour, plus $.50 per copy
Account Reconciliation	$25.00 per hour, minimum 1 hour
Hold statements	$10.00 per statement
Copy of Account Statement	$5.00
Stop payment – Check	$25.00
Stop payment – Electronic Fund Transfers	$25.00
Stop payment – Money Order	$25.00
Incoming Domestic Wire Fee	$10.00
Outgoing Domestic Wire Transfer	$25.00
Levy Fee	$100.00 per subpoena
Account Inactivity Fee (Dormant Account)	$5.00 per month
Bond Coupon Envelope Fee	$15.00 per envelope
Returned Bond Coupon Fee	$25.00 per envelope
Collections Fee	$50.00
Foreign Draft Fee	$50.00
Outgoing Foreign Wire Fee	$50.00
Incoming Foreign Wire Fee	$25.00
Canadian Check Collections Fee	$25.00 per check
Foreign Check CollectionsFee	$50.00 per check
Notary Service	$2.50 per item
Savings / Money Market Excess Debit Fee	$5.00 per item