Smaller Banks Use Free Checking To Lure Customers

Big banks are beginning to make good on their threat to charge fees for everyday checking accounts. But most banks aren't big banks, and community institutions are hanging on to free checking as long as they can in the hopes of luring away some of the big banks' disgruntled customers.

The larger banks are now enacting what customers like James Miller of Nashville have heard was on the horizon for a year or more: Your free checking account is about to cost you.

The research firm Moebs Services found that two-thirds of the country's largest banks no longer offer free checking.   Read More

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