Personal bank accounts often include a monthly maintenance fee, which banks may waive when certain conditions are met, notes Forbes. Checking accounts often include fees for using ATMs operated by a different bank and for overdrawing an account.
Forbes explains that bank accounts may not have any monthly fee when a minimum balance threshold is met, but service charges of $7.50 to $12 are common at banks such as Chase and Bank of America when monthly fees are not waived. A 2014 Bankrate survey found that non-sufficient funds fees on checking accounts typically varied between $30 to $35 in cities throughout the United States, with $32.74 being the average fee charged. Forbes describes how banks often assess foreign ATM fees when one bank's customer uses an ATM operated by a different bank. Bankrate's 2014 survey found that these fees typically range from $1 to $2 with an average of $1.58.