I thought the OneAccount was free, but now I have been charged fees! What happened to free?
Your OneAccount is indeed free. If you do ‘normal’ things with your account, depositing money, spending money with your card (use as credit rather than debit to prevent fees) withdrawing money at the HigherOne ATMs, checking your statements, etc, there are no fees, charges, nothing. Absolutely free. There are three classes of actions that may result in a charge: 1. Optional services: Ordering checks, for instance, costs money. Official checks, paper statements, the use of non-HigherOne ATMs, these all result in small fees. 2. Penalties: Certain actions should never be taken by any accountholder, at any bank, anytime. Bouncing checks, overdrawing the account, etc. Basically, trying to spend money you don’t have will result in a penalty. Most of these things are also not legal – writing a check knowing that it will bounce, for example, is considered fraud. 3. Inactivity fee: If you don’t do anything with the account for 9 months, you will be charged the inactivity fee. This is designed t
