I opened a “free” checking account. I received a notice from the bank/credit union stating that it had decided to start charging monthly fees. Can the bank/credit union do this?

However, once it starts charging these fees, the bank or credit union can no longer advertise that particular account as a “free” checking account.

Banks and credit unions have multiple types of accounts available, so make sure you review your own account terms. If you feel your bank has violated a promise to you, you may file a complaint.