Americans are finding more and more alternatives to banks. Many people are looking to take their business elsewhere, in order to avoid bank fees.
Financial magazine, Kiplinger, says the main alternative to a checking account is the prepaid debit card. But beware of monthly service charges and fees for different types of transactions.
Kiplinger says one of the more consumer-friendly cards with fewer and lower fees, is the Bluebird Card from American Express and Walmart.