For clients who like to maintain a bank account with their online broker, knowing they will not be charged any fees is important. And, to have this all alongside your brokerage account where you place stock and option trades is a nice perk.
To qualify as no fee banking, there should be: no minimum balance required, no monthly maintenance fees, no debit card fees, and no annual fees. The AARP estimates that a U.S. consumer can be hit with as much as $450 in bank fees each year.
Published on Monday, June 27th, 2016 .