Bank By Bank Fee Comparison
FULL STORY: CBS4 Money Saver Compares Bank Fees
National Banks Comparison:
CBS4's national bank comparison was based on a survey done by USAToday. Here is a link to their comparison: http://www.usatoday.com/money/perfi/credit/story/2011-10-20/banks-credit-unions-fees/50845148/1. Keep in mind that not all national banks operate in Colorado.
Local Banks Comparison:
Advantage Bank – 800-837-6755
Name of account: Advantage Checking
Minimum balance required: None
Minimum balance required- No
Maintenance fees- No
Transaction fees-no
ATM fees- out-of-network atm $1.50, Moneypass or U.S. bank and Advantage ATM are free
Statement fees- no
Insufficient fund fees- $33.00
Debit card fees- no
Fees for doing online, mobile, or telephone transactions- up to 6 telephone transactions a month are free after a $10.00 charge per transaction. According to the customer service agent I spoke with they are not set up for Mobile just yet, you can access the site through a smart phone (but they do not have an app) and there is no fee associated. No fee for online banking.
Alpine Bank- 1.800.551.6098
Name of the account: Triple E
Minimum balance required- None
Maintenance fees- None if you enroll for e-statements, otherwise a $9.00 a month fee
Transaction fees- no but only 2 written checks per month, each additional
ATM fees- Allpoint network and alpine is free , rest is $2
Statement fees- no
Insufficient fund fees- $40
Debit card fees- no
Fees for doing online, mobile, or telephone transactions- online is free ( free Billpay), mobile is free, telephone bank to bank is free. Wire fee is $25
Bank of Colorado- 1-800-227-7715
Name of the account: Free Checking
Minimum balance required- $100
Maintenance fees-no
Transaction fees- no
ATM fees- $1.50 for out-of-network (Bank of Colorado does not have an ATM in Denver) in addition to that bank fees. However if you have a checking and saving account then the Bank Of Colorado fees are waived and you are only charged the resulting bank fees from the ATM you use.
Statement fees- no
Insufficient fund fees- $28
Debit card fees- free
Fees for doing online, mobile, or telephone transactions- free online and Bill Pay, no fee for mobile, free telephone
Bank of Denver- 303-572-3600
Name of account: E-checking
Minimum balance required: None
Maintenance fees- No
Transaction fees-no
10 free out-of-network ATM fees a month and then $2.00 Moneypass or U.S. bank and Jeanie ATM are free Statement fees- no Insufficient fund fees- $30.00 Debit card fees- no
Online banking, Bill pay telephone transaction fees - no
Citywide Bank
303-365-360
Name of the account; Economy Checking
Minimum balance required: None
Maintenance fees: $4.00 monthly service fee
Transaction fees: first 10 are free .50 afterwards
ATM fees: out-of-network fee $1.50 plus other bank charge
Statement fees: no, but $2.00 for images of checks mailed to you
Insufficient fund fees: $33
Debit card fees: no
Fees for doing online, mobile, or telephone transactions: online ifs free, Bill Pay is 6.95, mobile is not set up and free telephone transactions with no cap
Citywide Bank 303-365-3600
Name of the account: Personal Checking
Minimum balance required: $800.
Maintenance fees: If daily balance falls below $800, $8 monthly service fee
Transaction fees: optional $6.95 per month for bill pay
ATM fees: out-of-network ATM $1.50, Citywide Bank ATM free
Statement fees: Check images free online, or $5 extra per month on statement
Insufficient fund fees: $33
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
Colorado Community Bank
Name of the account: Free for Life
Minimum balance required: no
Maintenance fees: no
Transaction fees: none
ATM fees: out-of-network ATMs $2
Statement fees: none
Insufficient fund fees: $28
Debit card fees: annual $7.50 fee
Fees for doing online, mobile, or telephone transactions: free online
FirstBank
Name of the account: FirstBank Free Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: optional free online bill pay, but if less than 3 payments per month are made, a $5 inactivity fee will be assessed.
ATM fees: out-of-network ATMs $2.50
Statement fees: none
Insufficient fund fees: $34
Debit card fees: none after the first year, then annual $10 fee
Fees for doing online, mobile, or telephone transactions: none. Free online with E-statements. $3 fee to mail statements
Guaranty Bank & Trust
Name of the account: Completely Free Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network ATMs, $1
Statement fees: none
Insufficient fund fees: $30
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
Mile High Banks
Name of the account: Basic Checking Account
Minimum balance required: $300
Maintenance fees: $7 if below minimum balance of $300
Transaction fees: none
ATM fees: out-of-network ATMs $1
Statement fees: none
Insufficient fund fees: $25
Debit card fees: $12
Fees for doing online, mobile, or telephone transactions: none
Valley Bank & Trust
Name of the account: Valley Custom Checking
Minimum balance required: none with direct deposit
Maintenance fees: none
Transaction fees: none
ATM fees: whatever the out-of-network ATM owner charges
Statement fees: none online, $2 per statement to print out at bank
Insufficient fund fees: $33
Debit card fees: $12 annual
Fees for doing online, mobile, or telephone transactions: $3 telephone fee, free online and mobile
Online Bank Compairison:
ING Direct
Name of the account: Electric Orange Checking
Interest Rate: account balance of $0-$49,999.99 (0.19%), $50,000-$99,999.99 (1.04%), $100,000 or more (1.09%)
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: free at Allpoint ATMs. No fee for out-of-network ATM, only whatever the ATM owner charges
Statement fees: none
Insufficient fund fees: none. Uses Overdraft Line of Credit interest rate of 11.25%
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
Ally Bank
Name of the account: Interest Checking account
Interest Rate: under $15,000 (.50%), over $
Minimum balance required: none
Maintenance fees: none
Transaction fees: incoming wires free, outgoing wires $20
ATM fees: all fees refunded
Statement fees: none
Insufficient fund fees: $9 max per day
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
Perkstreet Financial
Name of the account: Perkstreet Checking account
Minimum balance required: none
Maintenance fees: none. $4.50 inactivity fee will take place if there is no transaction (deposit/withdrawal) at least once a month
Transaction fees: none
ATM fees: out-of-network $2
Statement fees: none
Insufficient fund fees: $25
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
Credit Union Comparison:
Aventa Credit Union
Name of the account: Basic Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network ATMs $2, free with CO-OP network
Statement fees: none
Insufficient fund fees: $35
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to Qualify:
-Select Employee Groups: https://www.aventa.com/membership/fieldOfMembership.php
-Any member of the following Associations can join:
Asset Advisors Management Group (AAM)
Business of Arts Center
Aventa 50 or Better Association
Pikes Peak Art Council
Police Athletic League (PAL)
-Family member to any of those Associations are eligible
-Family member to Aventa
-Anyone over 50 eligible for "50 or Better" account
Bellco Credit Union
Name of the account: Free Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: none, but $6 inactivity fee if no transactions made in a month
ATM fees: whatever the ATM owner charges
Statement fees: none
Insufficient fund fees: $31
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to Qualify:
-live or work in the following counties:
Arapahoe County
Denver County
Douglas County
Garfield County
Jefferson County
Mesa County
Moffat County
Rio Blanco County
City of Lafayette, CO
City of Louisville, CO
Town of Superior, CO
-family member already a member
-SEG: https://www.bellco.org/Employee_Groups.asp
-members of the Consumers United Association
Boulder Valley Credit Union
Name of the account: Checking account
Minimum balance required: none
Maintenance fees: none
Transaction fees: after 200 items per month, account charged $.30 per item
ATM fees: out-of-network ATMs $1 (first 5 free each month)
Statement fees: none
Insufficient fund fees: $32
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to qualify:
-open to all students, faculty, and staff of Boulder Valley School District, including family members
-work in Boulder Valley or Estes Park
-related to someone with BVCU account
-member affiliation with Impact on Education
Colorado Credit Union
Name of the account: CCU's Free Checking Account
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network ATMs 1% charge
Statement fees: none
Insufficient fund fees: $31, then $3 a day after 3 days
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to qualify:
-Family of existing member
-Live or work at Adams County
-member of Consumers United Association
- SEG: https://secure.loanspq.com/Consumer/Xpress/public/Disclosure.aspx
Credit Union of Colorado
Name of the account: Standard Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network ATMs $1 each if more than 8 per month
Statement fees: none
Insufficient fund fees: $25
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to qualify: https://www.cuofco.org/membershipinfo/eligibility
-family member
Credit Union of Denver
Name of the account: Smart checking account
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network ATMs $1.50
Statement fees: none
Insufficient fund fees: $30
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to qualify:
-SEG: http://www.cudenver.com/home/join/seglist
-contributor to the John Lynch foundation
-live or work in Jefferson County
-family members
Public Service Credit Union
Name of the account: Free Checking
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: out-of-network $2, first 10 transactions at co-op atms free per month
Statement fees: none
Insufficient fund fees: 1st occurrence: $20, 2nd-4th occurrence: $27, 5th and subsequent occurrences: $33
Debit card fees: annual $12
Fees for doing online, mobile, or telephone transactions: none
How to qualify:
-Family member
-employed by or affiliated with a PSCU Partner Company or Select Employee Group (contact them to see if your group is eligible)
-Live or work in Denver and its surrounding areas
-member of the consumer united association
West Denver Credit Union
Name of the account: Basic Checking with Direct Deposit
Minimum balance required: none
Maintenance fees: none
Transaction fees: none
ATM fees: whatever the ATM owner charges
Statement fees: none
Insufficient fund fees: $25
Debit card fees: none
Fees for doing online, mobile, or telephone transactions: none
How to qualify:
-lives or work in the city of Lakewood
