Other charges could be cheaper. For instance, businesses pay $17 for outgoing domestic wire transfers sent online with Citi. For its standard personal account, those are $25 apiece.

A personal checking account is used for everyday household finances. Generally, up to $250,000 of your money will be protected by the FDIC in the event of a bank failure.

A personal checking account is designed for your individual, everyday use. It’s perfect for handling day-to-day personal expenses—things like paying rent, buying groceries, or that spontaneous ...