#affordale

“The easy answer to what makes banking affordable is high yields on bank accounts and low fees, but there is much more to it than that. Because financial institutions are continuously looking to increase non-interest revenue, consumers really need to pay attention to the fees they are being charged. Among various institutions, these fees can vary quite significantly; for example, a bank or credit union may charge anywhere from $1 to $25 per month for a checking account. That is a huge difference and can significantly impact the affordability of that product.”