---
title: The Easiest Way to Reduce the Bank Fees You Pay
description: A new survey from Bankrate finds that 72% of America's largest credit unions still offer fee-free checking accounts vs 38% of banks.
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published: '2015-03-02T12:00:19.000Z'
modified: '2024-05-16T10:08:51.000Z'
section: Banking
tags:
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  - credit unions
  - overdraft fees
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![Where to find free checking](https://img.money.com/2015/02/150227_ff_creditunionsbanks.jpg?crop=0px%2C1320px%2C3649px%2C2052px&quality=85)

Looking to avoid those annoying—and expensive—monthly fees on your checking account? You might want to take your funds to a credit union.

A survey released Thursday by [Bankrate.com](http://www.bankrate.com/finance/checking/want-free-checking-check-out-credit-unions-1.aspx) found that 72% of America's largest credit unions still offer standalone free checking accounts. And another 26% waive fees if customers meet certain requirements, like accepting e-statements or opting for direct deposit.

Credit unions look ever more attractive compared to the nations biggest retail banks—only 38% of which now offer free checking, down from 65% five years ago.

Even when credit unions *do* levy checking fees, those charges are typically between $2 and $3, about half of what traditional banks will deduct.

Prone to overdrawing your checking account? You'd do better at a credit union on that count, too. The average overdraft fee at unions is $26.78; the average for banks: $32.74.

In spite of the potential savings, however, a credit union isn't right for everyone. Find out if you could benefit from becoming a member by checking our guide. And find a credit union that offers free checking with this [list compiled by Bankrate.com](http://www.bankrate.com/finance/credit-unions/credit-union-accounts/default.aspx).

**More from Money.com**

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