Banks usually charge you for every banking service they provide, be it ATM fees, online operations and the like. All these costs add up and you could end up having $12 or more per month only for a checking or savings account.
Luckily, there are many banks that provide these accounts for free. Or better yet, try your local credit union.
Monthly Savings: $16 ($12 checking + one $4 ATM fee)
Annual Savings: $192