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RBS Citizens Financial Group to Introduce Free Checking Account

January 30, 2014

RBS Citizens Financial Group, Inc. announced the launch of a new checking account - One Deposit Checking from Citizens Bank and One Deposit Checking from Charter One - with no monthly maintenance fee if you make one deposit (of any amount) per statement period. According to a release, the bank also is introducing Value Checking from Citizens Bank and Value Checking from Charter One. For a fixed fee of $3.99 per month, Value Checking accounts include designer checks, paper statements and one transaction at another bank's ATM with no fee from Citizens Bank or Charter One. Both One Deposit Checking and Value Checking accounts can be opened with as little as $25 and have no minimum balance requirement. All Citizens Bank and Charter One checking accounts now also include the bank's $5 Overdraft Pass protecting customers from overdraft fees for transactions of $5 or less. All Citizens Bank and Charter One checking accounts now include $5 Overdraft Pass as a standard feature. "This new approach to checking offers consumers the convenience you get from a bigger bank and the simplicity and pricing you might expect from a smaller bank," said Brad Conner , Vice Chairman of Consumer Banking. "With One Deposit Checking, there is no longer any need to make that tradeoff between simplicity and convenience - you can now easily avoid monthly maintenance fees and still enjoy the convenience of a large ATM and branch network, 24/7 phone support and access to your accounts online and on your mobile phone." ((Comments on this story may be sent to ))

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