Final answer:
Banks without branches typically charge for ATM usage, monthly maintenance, overdrafts, and paper statements in their checking accounts. However, they also offer benefits like no minimum balance, higher interest rates and extensive ATM networks.
Step-by-step explanation:
The typical fees associated with checking accounts from banks without any physical branches can vary, but some common charges include monthly maintenance fees, ATM usage fees (especially for non-network ATMs), overdraft fees, and fees for receiving paper statements. However, some of these banks offer benefits to balance these charges. Examples include no minimum balance requirements, higher interest rates compared to traditional banks, and extensive ATM networks. Some even reimburse ATM fees. Moreover, most of these banks provide easy access to your money, either by writing a check or by using a debit card. Remember that each bank will have its own set of fees and benefits, so it's always a good idea to investigate a bank's fee structure and policy before opening an account.
Learn more about Checking Account Fees