October 15, 2015
Take it to the Bank: A New Yorker's Guide to Affordable Checking Options
Take it to the Bank: A New Yorker's Guide to Affordable Checking Options, by the Office of the New York City Comptroller Scott M. Stringer, is designed to make the process of selecting a bank easier by providing extensive information on basic banking products in one place. This report profiles 74 different FDIC-insured banks that offer retail services in New York City, and shares data on 34 different features, fees and attributes of each bank. The checking accounts surveyed in this report – one account per featured bank – have the lowest opening deposit and monthly maintenance fees among each bank’s product offerings, making them an accessible entry point to banking for many New Yorkers. This information is available in an interactive online search tool.