Most people only need a checking account and a savings account. You may consider switching banks if your savings earns little to no interest, your checking account has a monthly maintenance fee, you're paying out-of-network ATM fees, or your bank charges for overdraft protection. Your savings earns less than 2% interestIf you're keeping savings in a traditional savings account, or even a checking account, there's a good chance your money is losing value. Your checking account has a monthly maintenance feeThe average monthly maintenance fee on non-interest checking accounts — the account you use probably use to pay for your everyday purchases or monthly bills — is about $5.50, according to Bankrate. Your bank charges for overdraft protectionBanks often provide overdraft protection on checking accounts, and many don't ask before opting customers into the service.

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Persons: —, Brannon Lambert, HerMoney, Lambert, Bankrate, Banks Organizations: Service, Canvasback Wealth Management