Fees & Standards·3 min read
Why a Bank On Certified Account Guarantees the Lowest Fees
Bank On certified accounts are built around consumer safety and affordability. Here's what the National Account Standards require.
When you choose a Bank On certified account, you are selecting a financial product designed with consumer safety and affordability in mind. The CFE Fund issues Bank On National Account Standards to identify critical core product features that keep costs low.
What makes these accounts the best choice for avoiding hidden costs?
- No Overdraft Fees: Bank On certified accounts cannot charge overdraft or NSF fees on the account itself.
- Low Initial Costs: The standards require a minimum opening deposit of $25 or less.
- Affordable Maintenance: These accounts feature low or no monthly fees.
- Essential Transaction Tools: Accounts include robust transaction capabilities, offering online bill pay and free debit card networks (like Visa, Mastercard, or Discover) for everyday purchases.