Preferred Plus Level Sample Comparison
| |
Bank of America |
Wells Fargo |
Washington Mutual |
Tech CU |
| Savings Account |
Cash Maximizer
$10 per month—waived if $2,500 minimum balance is maintained |
Money Market Savings
$10 per month—waived if $3,500 minimum balance is maintained |
Money Market Deposit Account
$10 per month—waived if $2,500 minimum balance is maintained |
Insured Investment Savings
$6 per month—waived if $2,500 balance is maintained |
| Checking Account |
Interest Checking
• Earns interest
• Monthly service fee is $10
• Monthly service fee with direct deposit is $8
(Monthly service fee is waived if a minimum balance of $2,000 is maintained in the checking account, OR if $10,000 in an average combined balance is kept with B of A.) |
Well Fargo Advantage Checking
• Earns interest
• Monthly service fee is $12
(Monthly service fee is waived if a minimum balance of $2,000 is maintained in the checking account, OR if $5,000 in combined balances in other Wells Fargo accounts is maintained.) |
Interest Checking
• Earns interest
• Monthly service fee is $12
• No minimum balance requirement
(Monthly service fee is waived if a minimum balance of $1,500 is maintained in the checking account.) |
Interest Checking
• Earns dividends
• No monthly service fee
• No direct deposit required |
| Overdraft Fees |
$10 per occurrence |
$10 per occurrence |
$10 per occurrence |
No Charge |
| 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—AND third party surcharges rebated |
| 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 |
$12 |
$29.95 |
$12 |
No Fees Paid—AND ATM Surcharges Rebated | |
ATM surcharges rebated up to $1.50 per transaction up to a total of $10 per month in the Preferred Plus level.
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.