PROVIDENCE â€“ Citizens Bank has launched its One Deposit Checking account that has no monthly maintenance fee if the customer makes one deposit of any amount during each statement period, the bank announced.
â€śThis 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,â€ť said Citizens Bank Vice Chairman of Consumer Banking Brad Conner.
â€śWith One Deposit Checking, there is no longer any need to make that trade-off 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,â€ť said Conner.
Citizens Bank has also launched Value Checking, with a fixed monthly fee of $3.99, which includes checks, paper statements and one transaction at another bankâ€™s ATM with no fee.
Both accounts can be opened with as little as $25 and have no minimum balance requirement.