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Can anyone recommend a bank with no minimum balance?
By Kirm from Erie, PA
You would have to call the banks in your area and ask the same question.
I don't know which banks are in your area. Do you mean checking or savings accounts? You can research the various banks online or give them a call as MCW suggests. If you are over 50 many banks have special free senior accounts. If you have a direct deposit done monthly (like payroll or Social Security) some banks will give you free accounts. Ask.
I bank at credit unions, they usually require a $5 minimum balance in savings. They are also not as "fee-happy" as banks. I have had overdraft charges reversed if a deposit came in after the check cleared.
Try PNC Bank - they likely have accounts with no minimum.
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
WAshington Mutual is the one I like - totally free checking, no minimum balance required. Good luck with your search!
Try a Credit Union. Everyone is usually eligible to join a Credit Union. We have one here in town, that if you have a child or grandchild in school, you are eligible. Many large companies have Credit Unions. Shop around. Eligibilty requirements are loosening up for many Credit Unions.
My husband & I like Bank Of America because it is large & he travels with his job so there are ATM machines all over the country that he can access with no fees. We also belong to a Credit Union but we do not use the ATM machine because of the fees.
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.