Before you open a new checking account, be sure you understand all the terms of the account. Any bank should provide a written disclosure of terms and conditions, including checking account fees, so be sure you read the disclosure before you commit to an account. Doing so can be well worth it.

“By exercising a little bit of caution, consumers can save themselves a lot of money and grief,” says BankRate senior financial analyst Greg McBride. “A consumer who goes to an out-of-network ATM weekly might save $260 per year or more by using their bank's ATM instead. Additionally, if that same person avoids one monthly overdraft of a checking account, at $30 each overdraft, they can save another $360. This means a potential savings of $620 annually, all without switching accounts or banks.”

Another way to spend less on fees and charges is to choose a bank that simply charges fewer fees or doesn't charge you at all for basic services. An Ally Bank Interest Checking Account has no monthly maintenance fees and you can open, fund and earn interest with any amount. You get online and mobile banking services, a debit MasterCard®, standard checks, online Bill Pay and postage-paid deposit envelopes, all at no charge to you. You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle. At Ally Bank, we are committed to making banking as simple, secure and rewarding as it can be. Learn more at Allybank.com or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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