Motley Fool financial analysts David Hanson and Mark Koppenheffer give their opinions regarding the future of free checking for large banks.
In this video, David shares recent comments from U.S. Bancorp and PNC Financial (PNC +1.70%) executives regarding traditional deposits in a low interest rate environment.
Since 2008, numerous changes in bank regulations have resulted in lost revenue streams for all banks. Matt highlights Bank of America (BAC +0.75%) as an example of an institution that has imposed additional requirements for depositors to maintain free accounts.
Finally, both analysts discuss technologies such as Internet and mobile banking as part of the solution for banks to balance the needs of both customers and shareholders.
