Crown Classic Checking
from Wachovia Bank

The Crown Classic checking account, for "seniors" (over age 50), has an average balance minimum requirement of $1000. (Service fee is $20 if your average falls below $1000.) That's a pretty low requirement, and it had not caught me for several years - until last month. The Crown checking account has a much higher average balance requirement. ($20 is the service fee here also.) Benefits …are identical.
But the Crown account can actually be a better deal for a senior. If you have a Wachovia Visa card, and it has a credit limit of $10,000, that will waive the monthly service fee on a Crown account. Oddly, a Wachovia Visa card will NOT waive the fee on a Crown Classic account.
We seniors always have to navigate carefully - some Gen X-ers think we're soft in the head.
There are other relationship accounts that could waive the $20 monthly fee - for example, IRA accounts, CDs, and such like.
But for those of us who are not going to put our wealth into low-return accounts, the Wachovia Visa account is the way to guarantee you won't incur a monthly fee due to a low average balance in your Crown checking account.

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