You shouldn't have to pay to keep your money in a high-yield savings account, so read the terms and conditions before you sign on the dotted line. Some HYSAs are fee-free, but some have a monthly charge if you don't maintain a minimum balance. If you set up direct deposit into a...
Transfer providerFee to receive wire transferFee to send wire transfer Canadian Imperial Bank of Commerce (CIBC) $15. $30 to $80, depending on the amount. Bank of Montreal (BMO) $16. $5, for a BMO Global Money Transfer to an online account. $40, plus a communication charge of $10...
Some banks might simply mail you a form to sign and return. Make an initial deposit: Your account officially opens when you make your first deposit. Some banks may require a minimum deposit (often $25 or higher). Others have no set minimum and will even let you fund the account later....