Preferred Level Sample Comparison
| |
Bank of America |
Wells Fargo |
Washington Mutual |
Tech CU |
| Savings Account |
Regular Savings
$3 per month—waived if $300 minimum balance is maintained |
Regular Savings
$3 per month—waived if $300 minimum balance is maintained |
Statement Savings
$3 per month—waived if $300 minimum balance is maintained |
Membership Share Savings
Minimum balance = $25 (Par Value)
No monthly service fee |
| Checking Account |
Standard Checking
• Earns no interest
• Monthly service fee is $8.50
• Monthly service fee with direct deposit is $6.50
(Monthly service fee is waived if a minimum balance of $1,000 is maintained in the checking account, or if $5,000 in an average combined balance is kept at B of A.) |
Well Fargo Custom Checking
• Earns no interest
• Monthly service fee is $10
• Monthly service fee with direct deposit is $8
(Monthly service fee is waived if a minimum balance of $1,000 is maintained in the checking account, and direct deposit of $100 per month is maintained.) |
Free Checking
• Earns no interest
• No monthly service fee
• No minimum balance requirement
• No direct deposit required |
Basic Checking
• Earns no interest
• No monthly service fee
• No minimum balance requirement
• No direct deposit required |
| Monthly Relationship Fee |
N/A |
N/A |
N/A |
None |
| Non-primary Institution ATM Withdrawal (domestic) |
$2 per non-Bank of America ATM withdrawal |
$2 per non-Wells Fargo ATM withdrawal |
$2 per non-Washington Mutual ATM withdrawal |
No Charge, for the first 5 non-Tech CU or CO-OP Network ATM withdrawals per month |
| Travelers Checks |
2% of amount purchased
(Cost for $2,000 purchase = $4) |
1.5% of amount purchased
(Cost for $2,000 purchase = $3) |
1.5% of amount purchased
(Cost for $2,000 purchase = $3) |
No Charge |
| Online Banking |
No Charge |
No Charge |
No Charge |
No Charge |
| Bill Pay |
No Charge |
$6.95 (up to 25 bills paid per month) |
No Charge |
No Charge |
| Check Card Purchases |
No Charge |
$1 per month |
No Charge |
No Charge |
| Total Fees for the Month |
$9 |
$15.95 |
$8 |
No Fees Paid | |
Information for Bank of America,Wells Fargo, and Washington Mutual is based on telephone and Internet research conducted November 24, 2004 through November 30, 2004. Internet accounts were excluded from the comparison.