There are some fees to keep the account up and running. The annual flat fee is $55, plus an annual administrative fee of 0.30% of the account’s balance and fees for the investment option.
Additional fees are added based on how you use the account:
- $1.25 per month for the prepaid card
- $10 per year for paper statements when you choose to opt out of electronic statements
- $2.50 per check withdrawal
- $25 if a transfer fails or a check bounces
Any additional services may have extra fees.