Stop paying egregious fees and find a better bank account. (via CNBCMakeIt)
That said, accounts offering a bonus typically have higher minimum account requirements to waive service fees., for example, offers $300 to new account holders but stipulates you keep a $15,000 daily balance to waive the $25-a-month service fee. Make sure to read the fine print on the account before opening it.
Of course, you should do your homework before applying for any financial product, including bank accounts. Check for: minimum deposit requirements, monthly maintenance fees, ATM coverage and reimbursement, overdraft protection, etc. You don't want to trade one type of fee for the other. You don't need to leave your house to open an account — you can do so from a bank's website. You will need to provide basic information, including your name, address, birthdate , Social Security number in most cases and phone number. You will also likely need to provide a valid driver's license or some other form of government ID in order for the bank to verify your identity.
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