1996 Free Checking Account Survey


PLEASE NOTE: This 1996 publication is not current, and should be used only as historical information.

Consumer Action's surveys are intended solely for the use of reporters and individuals to whom they are sent. Nothing in the survey may be used in advertising or for any other commercial purpose.

This survey is also available in Spanish.

BANK/Phone Number Areas Served Direct Deposit Req. Canc. Checks Rtn ATM Use Only
/Teller Visits Extra
Other Conditions
American National Savings Bank/
(410) 752-0400
Maryland No No No  
American Savings/
(800) 788-7000
California Yes Yes No  
Astoria Federal Savings Bank/
(516) 327-3000
Queens, NY No No No  
Bank of America/
(Check local phone directory)
AK, CA, ID Yes Yes Yes  
Bank United of Texas/
(800) 366-7378
Texas No Yes No Free until the year 2000. For first 30 days account is opened all deposited checks held for 9 business days.
(800) 741-1700
Miami, FL Yes Yes No  
Bayview Federal/
(415) 433-6110
San Francisco Bay Area Yes Yes No  
Boatmen's National Bank/
(314) 466-6000
AR, IA, IL, KS, KY, MO, NE, OK No No Yes Limited to 8 checks per month. $1 each after that.
Boston Federal Savings Bank/
(800) 688-2372
Boston Metro Area No No No  
California Federal/
(800) 252-0206
California Yes Yes No  
Cambridge Savings Bank/
(617) 864-8700
Boston Metro Area Yes Yes No  
Cen Fed Bank/
(800) 643-6354
Southern California No Yes No Current promotion offers one year free interest bearing checking account.
Coast Federal/
(800) 800-2820
Los Angeles, San Francisco, CA No Yes No Guaranteed to be free for 5 years.
Colorado National Bank of Denver/
(800) 623-0607 (?)
Colorado Yes No No Also has ATM account limited to 8 checks per month.
Commerce Bank/
(800) 292-1601
St. Louis, MO No No No Must fill out Commerce Bank credit card application.
Commercial Federal Bank/
(303) 331-3500
Colorado No No No Debit card has $12 annual fee.
Community First Bank/
(904) 396-1182
Jacksonville, FL No Yes No Bank has no ATMs/75¢ per transaction at other banks' ATMs.
Compass Bank/
(904) 798-5100
Gulf Coast-FL, AL, TX No No No Free for one year. Promotion ends Oct. 31, 1996.
Dime Savings Bank/
(800) 843-3463
New York City No Yes No Free for one year from opening account. Promotion ends June 97.
Eureka Bank/
(800) 538-7352
California No Yes No Current promotion offers one year free interest bearing checking (paying 4%) and unlimited use of other banks' ATMs at no charge.
Fall River 5¢ Savings Bank/
(508) 679-8551
Fall River, Somerset, Swansea, MA Yes Yes No  
First Arizona Savings & Loan/
(800) 229-3992
Arizona No No No  
First Bank/
(612) 244-3900 (800) 285-8585
CO, IA, IL, KA, MN, MT, NB, ND, SD, WI, WY Yes Yes No  
First Bank of Colorado/
(800) 964-3444
Colorado No No No Free for one year from opening account.
First Chicago Bank Chicago, IL No No Yes  
First Federal Savings Bank of America/
(800) 635-9191
RI and Eastern Massachusetts Yes Yes No  
First Federal Savings Bank of Colorado/
(303) 237-3372
Colorado No No No Free for one year from opening account.
First Federal, FSB/
(612) 437-6169
Minnesota No No No  
First National Bank of Maryland/
(800) 842-2265
DC, MD Yes Yes No  
First Nationwide/
(800) 652-1760
CA, FL, TX No No* No *Bank has plans to replace canceled checks with small reproductions.
First Northern Savings/
(970) 356-3760
Boulder and Greely, CO No Yes Nov  
Firstar Bank of Minnesota/
(800) 784-9777
Minnesota No No No Limited to 12 checks per month; $1 each after that.
Great Western/
(800) 782-8875
CA, FL Yes Yes No  
Heartland Savings Bank/
(800) 557-2719
St. Louis, Mo No Yes No  
Hospital Trust National Bank/
(401) 278-8000
RI Yes Yes No Limited to 10 checks per month.
Independence Federal Savings Bank/
(202) 628-5500
DC No No No If account is inactive for 3 months, you will be charged a "dormant fee" of $5 per month.
(612) 333-5925
MN, FL No Yes No  
Key Bank/
(800) 333-9993
CA, TX, WA No No Yes You are credited 25¢ for each deposit you make at the ATM each month (up to 4).
Lafayette Federal Savings Bank/
(508) 679-1961
Fall River, MA and areas of RI No Yes No  
Liberty Savings Bank/
(303) 295-7200
Colorado No Yes No  
Marquette Bank/
(612) 470-0950
Minnesota No No No Free access to Instand Cash ATM network.
Metro Savings Bank/
(407) 293-7320
Orlando, FL Yes Yes No  
Midway National Bank of St. Paul/
(612) 628-2661
Minnesota No No No Free access to Instant Cash ATM network.
Monticello Bank/
(904) 262-5555
Jacksonville, FL No Yes No  
(800) 326-6000
AZ, CO, IA, IL, IN, MN, MT, NB, ND, NM, NV, OH, SD, TX, WI, WY No No No ATM card has $10 annual fee; debit card has $15 annual fee.
People's Bank/
(800) 772-1090
Connecticut Yes Yes No  
Roosevelt Bank/
(314) 576-4500
Missouri No No No  
Seafirst Bank/
(800) 442-6680
Washington State Yes Yes Yes  
Signet Bank/
(800) 955-1500
MD, DC, VA Yes No No  
St. Paul Federal Bank/
(312) 622-5000
Chicago, IL No No No  
Standard Federal Savings Bank/
(312) 847-1140
Chicago, IL No No No Cannot use overdraft protection with this account
Sumitomo Bank of California/
(800) 355-0503
California No Yes No Current promotion offers free checking for one year.
TCF Bank/
(800) 228-8892
MI, MN, UT, WI No Yes No  
Union Bank/
(800) 238-4486
CA, WA, OR Yes No No  
Washington Mutual Savings Bank/
(800) 756-8000
ID, MT, OR, UT, WA No Yes No  
Washington Savings Bank/
(800) 848-5990
Maryland No No No  
Wells Fargo Bank/
(800) 869-3557
CA, AK, AZ, CO, ID, MT, NV, NM, OR, TX, UT, WA, WY Yes No No  



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