Short answer: it's Bank Monthly Service Fee charging you $5–$25/mo.
| Charge: | MONTHLY SERVICE FEE |
| Service: | Bank Monthly Service Fee |
| Amount: | $5–$25/mo/mo |
| Category: | banking |
| Legitimate: | ✅ Yes (if you signed up) |
Monthly service fees are charged by banks for maintaining your checking or savings account. Most banks waive this fee if you meet requirements like minimum balance ($1,500+) or direct deposit. You might be paying $60-300/year for something other banks offer free.
Don't close your account — switch to a no-fee account first. Many banks offer free checking: Ally Bank, Discover, Capital One 360, Schwab, most credit unions. Set up direct deposit or maintain minimum balance to waive fees at your current bank.
Call your bank and ask to waive the fee or switch to a no-fee account type. Banks would rather waive the fee than lose your account. If they won't, switch to an online bank with no fees.
If “MONTHLY SERVICE FEE” surprised you, there might be more subscriptions hiding on your bank statement. Upload your statement and we'll find every recurring charge — with cancel links for each one.
Scan My Statement — Free PreviewUpload free · See your charges instantly · Pay $5 only to unlock full details
See a charge you don't recognize?
Upload your bank statement and we'll identify every recurring charge — most people find $50-200/month in forgotten subscriptions.
Scan My Statement — Free PreviewNo account needed · Results in 30 seconds · 1,100+ services recognized
📚 Related Guides