With ever increasing bank fees and complex account requirements, it can be difficult to find a bank with no minimum balance requirement. This is a guide about banks with no minimum balance requirement.
Can anyone recommend a bank with no minimum balance?
By Kirm from Erie, PA
Go to your local credit union and get away from any large national bank!
Dollar Bank. I know they have offices in Pittsburgh, not sure about Erie.
I refuse to do my banking at any bank. My credit union has a $5 minimum on savings, $0 minimum for checking. Fees are much lower, and cu employees treat us like royalty even though we keep very small balances. Don't know how cus are in your area, but ours includes us in their annual profit-sharing. Last but not least, I never got better than 5% at a bank... I think it was half that for savings. My cu savings reaps a 7% APY.
Go to a credit union.
I am looking for banks that let you open a checking account with no minimum deposits.
Dominique from Belzoni, MS
I like Bank of America, not only for the service they provide you, but mainly because they have branches in a lot of states.
I switched to Bank Of America about a year ago and I am very happy with them.
If you have direct deposit, there is no service charge.
I especially like their 'keep the change' program.
I'm looking for a bank with no minimum deposit checking account.
Dollar Bank is another one but I don't know if they have branches nationwide.