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Banks that have free checking accounts


banks that have free checking accounts

Not only are all of our checking accounts free, but they also feature a variety of great perks. How can I check how much I have in my bank account? Bank5 Connect High Interest Checking. Free, Full-service Checking · No minimum or maximum balance and no monthly maintenance fees — plus added perks, like ATM fee refunds, mobile banking, and a free.
banks that have free checking accounts

Banks that have free checking accounts -

Keeping your money safe and accessible shouldn’t be a costly affair. Luckily, there are several free checking accounts out there that won’t charge a service fee to hold your money. Many of those accounts take the fee-free checking approach even further and forgo several other fees that banks typically charge, such as for overdrafts and ATM use. That way, you get to keep your hard-earned money where it belongs — with you and not in the bank’s pockets.

Even better, we’ve divided the best free checking accounts into categories so you can more easily find the right fit for you, whether you’re looking for high-yield interest, rewards, 24/7 service, ATM rebates, early paycheck access or free overdraft protection. We also included a free second-chance checking account, an account from a credit union, and the best overall free checking account, which embodies all of these qualities in one package.

Why trust us

At ValuePenguin, we don’t like pesky fees or conditional requirements. That’s why we found free checking accounts with no minimum deposit or balance required, which means the account’s fee-free structure doesn’t depend on how much money you have.

We also understand that each person has their own preferences and requirements when it comes to bank accounts. That’s why we split the best free checking accounts into different categories, so you can more easily shop around for the one that’s really right for your banking needs.

Lastly, we made sure that each of our top picks are insured by the Federal Deposit Insurance Corporation (FDIC) or the National Credit Union Administration (NCUA), if it is a credit union.

10 best free checking accounts


Best free checking account overall: Capital One 360 Checking

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

Capital One 360 Checking is our top pick for a free checking account, thanks to the fact it has no monthly and ATM fees, lacks minimum balance requirements, boasts an interest-earning schedule, and offers overdraft protection options. The account earns 0.1% APY on all balances and comes with a free debit card.

The account offers three free overdraft protection choices: Auto-Decline declines all transactions that overdraw your account; Free Savings Transfer automatically transfers funds from your Capital One 360 savings account to cover what you owe; and Next Day Grace covers your overdraft and gives you a full business day to replace the overdrawn amount before assessing a $35 fee.


Best for high-yield interest: nbkc Everything Account

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

The nbkc Everything Account consistently offers one of the top checking account interest rates, currently earning 0.15% APY. Even better, interest is earned on all balances at all times, the account is free to own and the accompanying free Mastercard debit card works with mobile interfaces like Apple Pay.

The Everything Account also acts as a savings account, allowing you to set aside money in various goals, which still earn interest at the same rate. Finally, you don’t have to worry about fees for overdrafts or foreign transactions with this account either.


Best for rewards: Discover Cashback Debit

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

The Discover Cashback Debit account earns 1% cash back on up to $3,000 in debit card purchases each month. You don’t have to worry about losing your earnings to checking account fees either, since the account doesn’t charge for monthly maintenance, debit card replacements, standard checks, deposited item returns, insufficient funds and more.

Overdraft protection is also free. When you opt into it, automatic transfers from a Discover savings or money market account are set up to cover your checking overdrafts. You also won’t face fees for ATM access when you use your free Discover debit card at Allpoint and MoneyPass machines.


Best for second-chance banking: Chime Spending Account

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

Most traditional banks run your information through a database called ChexSystems, which will flag your application if you have a rocky banking history. Chime won’t do that, though, which opens up this steady account to customers who may be shut out of other accounts. Even better, there is no minimum deposit or balance requirement on the account, and it is free to own.

You can use the free Chime Visa debit card (provided by The Bancorp Bank or Stride Bank, N.A., along with the account’s FDIC insurance) at MoneyPass and Visa Plus Alliance ATMs for free. The card is also compatible with mobile wallets. Certain users may qualify for free overdraft protection called SpotMe, but even without this feature, Chime won’t penalize you for overdrafts, instead simply declining the transaction.

As another perk of the account, Chime will deposit your direct deposits into your account as soon as it receives them, up to two days earlier than most other institutions.


Best free checking cash management suite: SoFi Money

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

Cash management accounts combine the best aspects of checking and savings accounts, and SoFi Money offers the best free cash management account featuring no monthly fees or minimum balance requirements. There are no overdraft fees, and SoFi has over 55,000 free ATMs for their customers.

If you have at least $500 in recurring monthly deposits, SoFi pays a solid 0.25% interest rate on the balance in the cash management account, but otherwise, that APY is just 0.01%. Right now, they’re also awarding a $100 bonus to new customers who open a SoFi Money account and set up that direct deposit. That free overdraft protection is contingent on that monthly direct deposit as well.

There are other perks with the SoFi Money account, including early paychecks and connections with their savings accounts.


Best for 24/7 customer support: Ally Bank Interest Checking

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

A big name in online banking, Ally Bank offers the coveted perk of 24/7 phone customer service, so you can manage your account on your own time. You can even see the estimated wait time at the top of the bank’s website.

The Interest Checking Account and its linked debit card are free to own and open with any balance you like. It also earns a decent APY: 0.1% on balances less than $15,000 or 0.25% on balances of $15,000 and over. Just watch out for fees like those for overdrafts, returned deposit items and outgoing domestic wires. You can avoid overdraft fees by setting up free overdraft coverage from a linked Ally Bank savings or money market account.


Best for ATM rebates: Schwab Bank High Yield Investor Checking

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

Unlimited ATM fee rebates worldwide is a great perk for a free checking account that has no balance minimums. The Schwab Bank High Yield Investor Checking account comes with a free, contactless Schwab Bank Visa Platinum Debit Card, which is compatible with mobile wallets. The account also earns 0.03% APY and skips out on fees for foreign transactions, standard checks, incoming wires and more.

Not only that, but when you open a Schwab Bank High Yield Investor Checking account, you also open a separate Schwab One brokerage account to get your investing started. Overdrafts and overdraft coverage are also free when you set up a linked account — like the brokerage account — to cover any overdrafts.


Best for early paycheck access: Varo Checking Account

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: No

Varo Checking really embodies no-fee checking: It doesn’t charge for monthly service, online transfers, foreign transactions or transactions at Allpoint ATMs (which you can access with the linked free Varo Bank Visa contactless debit card). Even better, Varo makes your direct deposits available to you as soon as it has the funds. That means you can get your paycheck direct deposited into your account up to two days earlier than at many other banks.


Best for free overdraft protection: Betterment Checking

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

Betterment won’t dig you into a deeper financial rut when it comes to overdrafts. If you overdraw your checking account, Betterment will reverse the transaction and won’t charge a single overdraft fee.

To make the account even better, there is no monthly fee for Betterment Checking. Betterment will also reimburse you for foreign transactions and ATM fees worldwide. That means you can use your Betterment Visa debit card (issued by nbkc bank, Member FDIC) without worrying about extra fees.


Best credit union free checking account: Alliant High-Interest Checking

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  • Monthly fee: $0
  • Minimum deposit: $0
  • Free overdraft protection: Yes

If you’re looking for a credit union experience, the Alliant High-Interest Checking account is a well-rounded account worth considering. You just have to fall under Alliant’s wide range of membership eligibility requirements to join.

The account has no monthly service fee or minimum balance requirements, and it earns 0.25% APY on all balances as long as you receive eStatements and at least one monthly electronic deposit. You can use the account’s free Visa contactless debit card for free at over 80,000 ATMs, but Alliant also will rebate up to $20 per month in third-party ATM fees.

Finally, this account offers free overdraft protection by way of automatic transfers from an Alliant savings account to cover your overdrafts. You may also qualify for Courtesy Pay, where Alliant covers the overdraft for you. You’ll want to watch out for non-sufficient fund (NSF) item fees of $25.


Free checking account FAQs

Learn more about free checking accounts here, like what common fees you can avoid and whether a free checking account is right for you.

The most obvious way a checking account can be free is by not charging a monthly maintenance fee. Even if an account doesn’t charge that particular fee, however, it can carry a bevy of other fees, which is why it’s always important to check what fees are associated with an account. Fees can take a big bite out of your savings, so set your sights on a no-fee checking account, which charges as few fees as possible.

  • Maintenance fee: Also known as a service fee, this is the fee the bank charges you for owning the account. It is usually assessed monthly and can vary widely depending on the bank and the account. Be wary of banks that market an account as free, but require you to jump through hoops (like meeting a minimum balance or transaction thresholds) to waive a monthly fee.
  • Paper statement fee: This fee often ends up being a monthly fee under a different name. Typically between $2 and $5, a paper statement fee charges you for receiving paper statements instead of enrolling in electronic statements. If you tend to be more old school with your banking and prefer to still get paper statements, this is an important fee to look out for.
  • ATM fee: This fee is usually easy to avoid if you’re diligent about finding an ATM that’s within your bank’s network. Brick-and-mortar banks tend to have more restrictive networks, while online banks usually partner with one or more widespread ATM networks. This fee is usually around $2.50.
  • Overdraft fee: Often reaching around $35, overdraft fees occur when you make a transaction that is more than the amount in your account and the bank steps in to cover the difference. Banks may charge this fee every time you overdraft your account, while others set a daily limit. You can avoid overdraft fees by keeping an eye on your balance so you don’t overdraw the account, by finding an account that won’t allow you to overdraw or by setting up a savings account to cover your overdrafts (if the checking account allows for this).
  • Nonsufficient funds (NSF) fee: NSF fees are charged when you try to make a transaction but don’t have enough funds to cover it and the bank declines to cover the charge. Some banks may charge both an overdraft fee and an NSF fee, penalizing you twofold for not having enough funds in your account. Unfortunately, the NSF fee is usually about the same amount as an overdraft fee at around $35.

When an account imposes a minimum deposit or balance requirement, that can make it less freely available for many consumers. A minimum deposit is the amount you need to deposit to open the account; you’re often given 30 to 60 days to make the opening deposit, depending on the account. A minimum balance is the amount you’re required to keep in the account either to keep the account open or sometimes to snag a certain perk, like earned interest.

You’ll have pretty good luck finding a free checking account without an opening deposit requirement, as those features often go hand in hand. Just check to see whether that extends to no minimum balance requirement as well.

  • No fees for account ownership
  • No worries about losing money to your bank
  • May be a bank’s simplest account without special perks

On its face, a free checking account may seem more appealing than a regular checking account, which charges a monthly fee. However, at traditional brick-and-mortar banks especially, a free checking account often means fewer perks. Often, the accounts that earn interest on your balance, include free checks or offer refunds on other fees — just to name a few examples — charge a monthly fee, which typically increases the more enticing the perks are.

That’s why our list of free checking accounts is the best place to find a free checking account. We’ve identified checking accounts with no monthly fee and few to no other fees that still include solid perks — but without the price tag.

Just about anyone could benefit from having a free checking account. Not needing to pay a monthly fee just to keep your money safe and accessible means you get to use that money for other purposes like investing. Accounts with no fees are also more accessible to customers who may have lower balances and would get hit harder by fees.

Plus, our picks above show that free checking accounts aren’t devoid of great perks either. So even if you’re looking for a rewards checking account or a high-yield checking account, you can still find those that are also free.

Summary of our top free checking accounts

Best free checking account overall: Capital One 360 Checking

Best high-yield interest free checking account: nbkc Everything Account

Best free checking account with rewards: Discover Cashback Debit

Best free second-chance checking account: Chime Spending Account

Best free checking account with 24/7 customer support: Ally Bank Interest Checking

Best free cash management suite: SoFi Money

Best free checking account with ATM rebates: Schwab Bank High Yield Investor Checking

Best free checking account for early paycheck access: Varo Checking Account

Best free checking account with free overdraft protection: Betterment Checking

Best free credit union checking account: Alliant High-Interest Checking

Источник: https://www.valuepenguin.com/banking/best-free-checking-accounts

36 Best Free Checking Accounts at U.S. Banks

It’s becoming increasingly difficult to find truly free checking accounts. At many banks, you’re now required to pay a monthly maintenance fee for the privilege of keeping your checking account open. Such fees can range from a few dollars to $20 or more, depending on the bank and other associated perks. To avoid these fees, you may need to maintain a high minimum daily balance, make regular deposits of a certain size or frequency, or execute a minimum number of transactions in a statement period.

Fortunately, it’s still possible to find free checking accounts. You just have to know where to look. Many online banks offer legitimately free, FDIC-insured (up to $250,000 per account, at least) accounts with few restrictions and plenty of sweeteners. Some even pay noticeable interest.

If you’re looking for a checking account that won’t eat away at your deposits, take a closer look at these options available to customers throughout the United States.

Best Free Checking Accounts

These are the best free checking accounts on the market today.

1. Go2bank

Go2bank Logo

Earn Up to 7% Cash Back When You Buy eGift Cards in the App1; 1% APY2 paid quarterly on Savings Up to $5,000

Go2bank stands out with an easy-to-use online bank account with a ton of attractive features:

  • An impressive yield on savings (1% APY on savings up to $5,000)
  • Up to 7% cash back on eligible electronic gift card purchases in the app
  • Payday up to two days early with ASAP Direct DepositTM3
  • The option to deposit cash at participating retail stores (fees and deposit limits may apply)
  • Up to $200 in overdraft protection with opt-in and eligible direct deposit. (Overdrafts paid at Go2bank’s discretion; terms and conditions apply.)

Plus, it’s easy to avoid the $5 monthly fee with an eligible direct deposit. Here’s what else you should know about Go2bank:

  • Minimum Deposit and Balance Requirements: None.
  • Yield: Earn 1% APY1 on savings up to $5,000.
  • Rewards and Incentives: Up to 7% cash back on eGift Card purchases1 made in the app (3% cash back on Amazon gift card purchases). Get paid up to two days early with ASAP Direct DepositTM3
  • Possible Fees: You can avoid the $5 monthly fee after you set up eligible direct deposit. A $15 fee may apply to each overdraft transaction not repaid within 24 hours of authorization of the first transaction that overdrafts the account. See other simple fees at GO2bank.com.

Learn More

1Active GO2bank account required to receive an eGift Card. eGift Card merchants subject to change
2GO2bank, Member FDIC. Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. 1% Annual Percentage Yield (APY) as of January 2021. APY may change before or after you open an account.  The average national savings account interest rate of 0.05% is determined by the FDIC as of 12/14/20. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more. Fees on your primary deposit account may reduce earnings on your savings account.
3Direct deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. The name and Social Security number on file with your employer or benefits provider must match your GO2bank account exactly or we will decline your deposit.


2. Wealthfront

Solid Yields on All Balances

Wealthfront Logo

Wealthfront got its start as a low-cost investment management solution, but its Cash Account that offers high-interest checking is not to be overlooked. It boasts a very low minimum opening deposit (just $1), no account maintenance fees, a high (if variable) yield on all balances, and a slew of value-added features.

The most impressive is Wealthfront’s Self-Driving Money™ vision, a  money management automation tool uses rules and goals set by you to keep your financial plan on track — effortlessly routing incoming deposits to pay bills due in the coming days, keep your emergency savings funded, maintain your progress toward other savings goals, and invest for the long haul.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $1. There’s no ongoing maintenance fee.
  • Yield: Currently 0.35% APY on all balances.
  • Rewards and Incentives: Get paid up to two days early with direct deposit and enjoy seamless mobile check deposit. Put your money to work in the market within minutes when you use your Cash Account to invest in a Wealthfront Investment Account. Plus, enjoy FDIC insurance on balances up to $1 million (standard coverage tops out at $250,000); free in-network ATM access; and the ability to pay friends with apps like Cash App, Venmo, PayPal and others.
  • Possible Fees: Wealthfront doesn’t charge any account fees or overdraft fees. See disclosures for a complete accounting of possible fees.

Learn More


3. Douugh

Manage Your Money on Autopilot

Dough Logo Gradient Purple Blue Green@4x (1)

Douugh is a feature-rich money management app that dispels money woes and keeps you on top of your financial situation — however complex it happens to be. At its core is Salary Sweeper, an automated tool that works in the background to direct your income to near-term needs (your Bills Jar, which boasts its own virtual card) and longer-term savings goals (your Savings Jar, which you can divide up into single-purpose sub-jars). Douugh ensures you’re never surprised by an unpaid bill or frustrated by your lack of progress toward a longstanding financial objective.

It gets better. Because Douugh automatically diverts funds earmarked for bill payments and savings goals before they hit your account, you can rest easy in the knowledge that everything else is safe to spend on your Mastercard debit card in the here and now.

  • Minimum Deposit and Balance Requirements: There’s a no minimum opening deposit or ongoing balance requirement.
  • Account Opening Bonus: None.
  • Yield: None.
  • Mobile Features: Douugh is a mobile-first app that’s iOS- and Android-compatible. Connect your account to the Cash App, Venmo, or PayPal to easily send funds to friends, and use Apple Pay to complete transactions on the go.
  • Possible Fees: Douugh has very few fees. See terms for a complete list of possible levies.

Learn More


4. Varo Bank Account

No Account Fees

Varo Bank Logo

The Varo Bank Account is a user-friendly online checking account with no minimum deposit or balance requirements and no bank account fees. Open a Varo Savings Account and meet Varo’s three easy requirements (see below) to earn 3.00% Annual Percentage Yield* on balances up to $5,000 — one of the best online savings yields in the business.

That’s not all. If your employer or government benefits provider files to the Federal Reserve to start the direct deposit process, you could receive your funds up to 2 days early.^

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirement.
  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Annual Percentage Yield: The Varo Bank Account does not pay interest. However, when you open one and then open a Varo Savings Account, you can earn up to 3.00% APY* on your savings account balance. To earn 3.00% APY, you must meet all of the following requirements each qualifying period** – Make at least five qualifying Varo Bank Visa® Debit Card purchases and receive qualifying total direct deposits of $1,000 or more. Additionally, you will need to meet these daily balance requirements at close of business during the calendar month: Do not exceed a daily savings balance of $5,000 for the entire calendar month and keep your bank and savings account balances greater than or equal to $0.00. Otherwise, you earn 0.20% APY* on your Varo Savings Account balance.
  • Mobile Features: Varo has a fully functional mobile app and a mobile-friendly website.
  • Possible Fees: Varo has no minimum balance, funds transfer, foreign transaction, or monthly maintenance fees.

Learn More

* Varo APY is accurate as of March 23, 2021. This rate is variable and may change. No minimum balance required to open an account. Balance in the savings account must be at least $0.01 to earn interest.

**The qualifying period begins the first calendar day of the month and ends at close of business on the last business day of the month.

^ Early access to direct deposit funds depends on the timing of the payer’s submission of deposits. Varo generally posts such deposits on the day they’re received, which may be up to two days earlier than the payer’s scheduled payment date.

Bank Account Services provided by Varo Bank, N.A. Member FDIC. Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.


5. SoFi Money

Virtually No Fees; FDIC Insurance on Balances Up to $1.5 Million

SoFi Review

SoFi Money is a powerful checking account (technically, a cash management account that’s even better than your run-of-the-mill brick-and-mortar checking product) with a solid account opening bonus that qualifies as one of the best new bank promotions on the market right now. And with virtually no fees, SoFi Money is a great choice for frugal account holders and lower-balance depositors who regularly withdraw cash at the ATM.

If you’re in the market for affordable credit and your credit score is very solid, don’t miss SoFi’s student loan refinancing, personal loans, home loans, and other credit products.

  • Minimum Deposit and Balance Requirements: None.
  • Yield: See SoFi’s website for the latest yields.
  • Rewards and Incentives: Sign up for SoFi Money and add $100 to your account to get a $25 account opening bonus. Then, set up a direct deposit of at least $500 to get another $75 bonus (terms apply). Plus, SoFi members enjoy rate discounts on other SoFi products, customized financial planning, free P2P transfers, and member-exclusive offers from SoFi partners. And SoFi has a great referral program that promises up to $310 per successful referral.
  • Possible Fees: Virtually none. See SoFi Money’s account disclosures for more details.

Apply Now


6. Aspiration Spend & Save Account

Aspiration Logo

Aspiration offers an innovative cash management account known as the Aspiration Spend & Save Account. Spend & Save Account deposits are always fossil fuel-free, meaning they won’t go to fund oil pipelines or drilling. And they’re FDIC-insured up to $2 million per depositor when swept to FDIC member institutions (for details on FDIC insurance with Aspiration, see Aspiration’s FAQ and visit the FDIC’s website).

  • Minimum Deposit and Balance Requirements: None.
  • Yield: Earn up to 1.00% APY* on Save account balance after you upgrade to Aspiration Plus ($3.99 per month or $44.99 per year).
  • Rewards and Incentives: Enjoy free ATM withdrawals at over 55,000 ATMs in the Allpoint Network. Earn up to 5% cash back at Conscience Coalition merchants (up to 10% after you upgrade to Aspiration Plus). Plus, when you spend at least $1,000 in cumulative debit card transactions within 60 days of opening your Aspiration Spend & Save Account, you’ll earn a $100 bonus. Terms apply.
  • Possible Fees: You choose your account maintenance fee, even if it’s zero. See Aspiration’s website for a complete list of possible fees and expenses.

Learn More

* The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is available only to customers enrolled in Aspiration Plus. APY is variable and accurate as of May 27, 2020. Rates may be changed from time to time without notice. To earn 1.00% APY interest on Aspiration Save Account balances up to and including $10,000.00 in any calendar month, customer must be enrolled in Aspiration Plus and spend $1,000 or more, monthly, with their Aspiration debit card. Balances over $10,000.00 will earn 0.10% APY. If the requirements are not met each month, the APY will be 0.25% on Save Account balances up to and including $10,000.00. Balances over $10,000.00 will earn 0.10% APY. Minimum deposit required to open an Aspiration Save Account is $10.00. Enrollment fee and Pay What Is Fair fees debited directly from the Aspiration Save Account could reduce earnings. Customers not enrolled in Aspiration Plus will not earn interest.  For more information, click here.


7. Huntington Bank Asterisk-Free Checking®

Huntington Bank Logo

Limited-Time Offer: $150 Account Opening Bonus With Qualifying Activities

Huntington Bank Asterisk-Free Checking® is a maintenance-fee-free checking account with no minimum deposit or balance requirements. It’s a perfect first checking account that includes all the benefits seasoned Huntington Bank customers expect: tracking tools for day-to-day spending and financial goals (The Hub), 24-Hour Grace® (extra time to deposit funds to avoid an overdraft fee), online bill pay, and more.

  • Minimum Deposit and Balance Requirements: Huntington Bank Asterisk-Free Checking® does not require a minimum opening deposit or ongoing balance.
  • Account Opening Bonus: Open a Huntington Asterisk-Free Checking® account between June 1, 2021, and Oct. 7, 2021, and earn $150 when you make cumulative new money deposits of at least $1,000 within 60 days of account opening and keep your account open for a minimum of 90 days. You should receive the bonus in your new account within 14 days of completing these qualifying activities.
  • Yield: None.
  • Rewards and Incentives: Huntington Bank waives fees and minimum balance requirements on Premier Savings accounts for customers who also have Huntington checking accounts. Otherwise, the Premier Savings account has a $4 monthly maintenance fee with an average daily balance of $300.

Account available to residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin

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8. Copper Banking

A Banking Solution Built for Teens

Copper.purple

Copper is a banking solution built for teens and their parents. The Copper app and debit card teaches teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMS. The Copper App allows you to monitor spending and instantly send money in seconds. Features like Automatic Saving teaches teens strong financial habits by automatically set aside a portion of the money they make for savings. Copper uses secure encryption and authentication to protect your account and all Copper Accounts are insured up to $250,000 through Evolve Bank & Trust.

  • Minimum Deposit and Balance Requirements: The minimum initial load is $10. There’s no maintenance fee or ongoing minimum balance requirement.
  • Yield: None.
  • Rewards and Incentives: Get $3 for each successful referral. See terms and conditions for details.
  • Possible Fees: Copper doesn’t charge overdraft fees, period. See terms and conditions for more information about possible fees.

Learn More


9. First Citizens Bank Free Checking

First Citizens Bank Logo

Low Minimums and Great Mobile Features

First Citizens Bank Free Checking* is a mobile-friendly checking account with a low minimum opening balance requirement (just $50) and no ongoing minimums thereafter. Link your account to a First Citizens Bank Online Savings account to ensure overdraft protection.

First Citizens Bank Free Checking is available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV and WI.

  • Minimum Deposit and Balance Requirements: $50 to open an account, then no minimum balance thereafter.
  • Mobile Features: P2P transfers with Zelle®+, mobile check deposit, mobile bill pay, mobile account alerts.
  • Possible Fees: *Free Checking is only free if you sign up for electronic statements. You can open your account with as little as $50. There’s no minimum balance requirement moving forward.

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*Paperless statements are required. To be eligible for Free Checking, you must sign up to receive First Citizens paperless statements within 60 days of account opening. If you do not sign up and receive paperless statements, your account will be converted automatically and without prior notice to you to a Select Checking account and will be subject to the fees and charges applicable to a Select Checking account. The applicable fees and charges will be debited from your account without further notice to you and will appear on your account statement. If you overdraw your account, fees may apply.

+Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.


10. First National Bank Freestyle Checking 

First National Bank

Free Checking With No Minimum Balance Requirements & Enhanced Debit Card Security

First National Bank’s Freestyle Checking is a totally free online checking account with no minimum balance requirements, no monthly service charge, and unlimited check writing.

Freestyle Checking is much more than your basic free checking account though. With free Mobile Banking featuring CardGuard™ FNB makes it easy to lock your free debit card with a few taps or clicks if it’s misplaced — and unlock it if you find it again. It boasts an array of mobile-friendly features, including free mobile check deposit. And its debit card integrates seamlessly with mobile payment apps like Apple Pay®, Samsung Pay®, or Google Pay™.

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or balance requirement, and you’ll never pay a monthly service charge.
  • Rewards and Incentives: Take advantage of fast and free online banking, mobile banking, and telephone banking1. Enjoy convenient deposits and surcharge-free withdrawals at FNB ATMs in the eastern U.S. Send and receive money quickly and easily with Zelle® — funds typically deposited within minutes7.
  • Mobile Features: Freestyle Checking has a full range of mobile banking features, including mobile check deposits, custom alerts, funds transfers, CardGuard™ and more.
  • Possible Fees: Avoid a paper statement fee when you sign up for online statements2.

Learn More


1Online Banking, Bill Pay, Mobile Banking and Telephone Banking are free to customers with an eligible account; however, there may be a fee for certain optional services. Mobile data and carrier fees may apply. 

2There may be a fee for paper statements which you can avoid by signing up for electronic delivery of your monthly account statement.

7To receive money in minutes, the recipient’s email address or U.S. mobile number must already be enrolled with Zelle. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 

Member FDIC

11. Chime Deposit Account

Get Paid 2 Days Early With Direct Deposit; No Monthly Fees

Chime Bank Account

Chime is a mobile-first banking app that merges the low cost of online checking and savings accounts with the convenience of truly on-the-go banking. The headline here is Chime’s promise – subject to the policies of payers and their banks – that its Deposit Account (checking) customers get paid two days faster with direct deposit. If you’re accustomed to Friday paydays but could really use the money on Wednesday, the Chime Deposit Account may be the free checking account you’ve been waiting for.

Speaking of free: Chime has no monthly fees, save for a $2.50 over-the-counter cash withdrawal charge that’s easily avoided when you use one of the bank’s 38,000 fee-free ATMs. Add in an automatic savings option that rounds up the change on every debit card transaction, and you’ve got a serious contender on your hands.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance.
  • Account Opening Bonus: None.
  • Yield: None, but Chime’s high yield savings account has a nice yield on all balances above $0.01 with no minimum deposit or balance requirements.
  • Rewards and Incentives: Chime charges virtually no fees. Under normal circumstances, you won’t pay a dime to use your account.
  • Mobile Features: Mobile check deposit, fee-free P2P transfers, fee-free electronic bill pay, mobile payment app compatibility (Apple Pay, Samsung Pay, and Google Pay). The mobile app is Android- and iPhone-compatible.
  • Overdraft Options: Chime does not offer overdraft protection. Under normal circumstances, transactions that would result in a negative account balance are automatically declined. Chime deals with special cases that unavoidably result in negative balances, such as pay-at-the-pump gas transactions, on a case-by-case basis.
  • Possible Fees: Over-the-counter cash withdrawal.

Learn More

Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.


12. CIT Bank Savings Connect

Up to 0.50% APY on Savings Connect Balances With Qualifying Monthly Electronic Payment Into a Linked eChecking Account

Cit Bank Logo

CIT Bank’s Savings Connect is a bundled account package featuring a high-yield checking account (eChecking) and a high-yield savings account (Savings Connect) with one of the category’s best yields. To earn the best yield (upper tier yield) on Savings Connect balances (currently 0.50% APY on all balances), simply execute a monthly $200 electronic payment (deposit) into your linked eChecking account. You’ll earn the upper tier yield every month you pull this off.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $100.
  • Yield: Earn up to 0.50% APY on all Savings Connect balances with a monthly $200 electronic payment (deposit) into your linked eChecking account.
  • Rewards and Incentives: Set up a CIT Bank savings account as a tax-advantaged custodial account. You’ll have control over it until the minor named on the account reaches age 21, after which ownership reverts to them.
  • Possible Fees: CIT Bank doesn’t charge a monthly maintenance fee or excess transaction fee on Savings Connect accounts. 

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13. Current

No Overdraft Fees or Hidden Fees

Current Logo

Current is a mobile-first banking solution built around a user-friendly personal checking account with a Visa debit card accepted by millions of merchants worldwide. Basic checking is always free, with features including:

  • Mobile check deposit through the Current app and low-friction cash deposits at more than 60,000 stores
  • No overdraft fees
  • One Savings Pod to set aside funds for a specific goal
  • Fee-free ATM withdrawals at more than 55,000 ATMs
  • Instant purchase notifications

Upgrade to Premium to get more features:

  • Faster payday (up to two days faster) for account holders with qualifying direct deposit payers
  • Overdraft up to $100 for free when you need it – purchases are covered up to $100 if your balance is low
  • Instant, 100% free money transfers
  • Instant gas hold refunds — no more waiting weeks for fuel merchants to release your funds
  • Up to three Savings Pods 
  • Up to 15x points (cash back) on purchases with participating merchants
  • Powerful money management tools, including instant spending insights

Current also has a suite of parent- and teen-friendly features that make it a perfect first banking app for older kids. Parents can set spending limits, block specific merchants, and keep tabs on kids’ spending, all right within the app.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit, ongoing balance requirement, or maintenance fee for checking customers.
  • Yield: None.
  • Rewards and Incentives: Premium checking account holders enjoy up to 15x points on purchases with select merchants and instant gas hold refunds in any amount.
  • Possible Fees: The Premium checking account has a monthly fee of $4.99 after a 30 day free trial

Learn More


14. Qube Money

Effortless Banking and Budgeting in One App

Thee Qube Money Logo

Tired of doing your banking and budgeting in separate apps? Ready to stop overspending once and for all without drastically changing your lifestyle?

Qube Money could have the answers. A digital envelope budgeting app built around a free, mobile-friendly checking account and debit card, Qube Money brings order to your finances and controls your spending without forcing you to do without.

Qube Money’s magic lies in its qubes — basically, digital envelopes holding funds earmarked for specific purchase categories, like utilities and food. Qube Basic, the free plan, allows up to 10 cubes. When you’re ready to make a purchase, simply open up the corresponding category’s qube and swipe, tap, or enter your Qube Money card. Then, close up your qube, ensuring you don’t accidentally spend more than you should.

Qube Money has some additional benefits worth writing home about, like early payday (up to two days) with qualifying payers and seamless integration with Apple Pay and Google Pay. Use it on Android, iPhone, or your personal computer.

  • Minimum Deposit and Balance Requirements: There are no minimum opening deposits or monthly balance requirements.
  • Rewards and Incentives: Enjoy free P2P transfers to other Qube users, early payday (up to two days early with qualifying payers), and seamless integration with Apple Pay and Google Pay.
  • Mobile Features: Qube is a mobile-first platform that’s Android and iPhone compatible.
  • Possible Fees: Qube Basic is free to use. To access a wider range of features and capabilities, upgrade to Qube Premium (unlimited qubes, subscription controls, and joint accounts with partner notifications) or Qube Family (up to 10 kids’ accounts with kid cards, parent view, chore tracking, and more).

Learn More


15. OnJuno Metal

1.20% Yearly Bonus on Balances Up to $50,000; 5% Yearly Cashbacks on Spends Up to $3,000 With 5 Brands of Your Choice

Onjuno Logo

OnJuno Metal is a premium checking account that also happens to be totally free with a qualifying direct deposit of $500 or more. Highlights include a 1.20% yearly bonus on account balances up to $50,000, 5% yearly cashbacks on spends up to $3,000 with 5 brands of your choice, and an instant virtual debit card upon approval. Plus, enjoy the convenience of contactless mobile payments through Apple Pay, Google Pay, and Samsung Pay.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit or ongoing balance required.
  • Yield: Get a 1.20% yearly bonus on account balances up to $50,000.
  • Rewards and Incentives: OnJuno Metal members enjoy 5% yearly cashbacks on spends up to $3,000 with 5 brands of your choice, including Uber and Walmart. Plus, enjoy no fee for cash withdrawals at more than 85,000 in-network ATMs and 3 free out-of-network ATM withdrawals each month.
  • Possible Fees: OnJuno Metal does not charge maintenance fees. See disclosures for a complete accounting of possible fees.

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16. OnJuno Basic

1.20% Yearly Bonus on Balances Up to $5,000; 5% Yearly Cashbacks on Spends Up to $500

Onjuno Logo

OnJuno Basic is an entry-level alternative to OnJuno Metal, with a less generous but still enticing mix of perks and benefits. There’s no direct deposit requirement to avoid the monthly maintenance fee, the 1.20% yearly bonus still applies on balances up to $5,000, and 5% yearly cashbacks accrue on eligible spends up to $500. 

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit or ongoing balance required.
  • Yield: Earn a 1.20% yearly bonus on account balances up to $5,000.
  • Rewards and Incentives: Get 5% yearly cashbacks on spends up to $500 with 5 brands of your choice and enjoy access to OnJuno’s expansive fee-free ATM network with one free out-of-network ATM withdrawal each month.
  • Possible Fees: OnJuno Basic never charges maintenance fees. See disclosures for a complete accounting of possible fees.

Learn More


17. Cheese

Up to 3% Deposit Bonus & 10% Cash Back at 10,000 Stores

5d58e3a61e1398dc531ef633 Fulllogo Onlightbackground

Cheese is a cutting-edge digital banking solution designed for Asian communities. In partnership with Coastal Community Bank, Cheese offers a host of financial and social incentives that competing banks simply can’t match:

  • Up to 10% cash back with select merchants
  • Up to 3% deposit bonus, depending on prevailing interest rates
  • A $10 donation for every new signup (up to $100,000 total) to Asian charities and nonprofits

Cheese also offers convenient, money-saving benefits like early payday (up to two days early with qualifying payers), one-click card freezes for cases of suspected fraud, and reliable bilingual support (English and Chinese with more languages coming soon).

  • Minimum Deposit and Balance Requirements: There’s no minimum balance or monthly maintenance fee.
  • Account Opening Bonus: Cheese donates $10 to Asian charities and nonprofits (up to $100,000 total) for every new signup.
  • Yield: Up to 3% deposit bonus, depending on prevailing rates.
  • Rewards and Incentives: Earn up to 10% cash back with select merchants (or simply earn the normal cash back rate of 0.25%, capped at $10 per day). Plus, get paid up to two days early with qualifying payers.
  • Mobile Features: Cheese is a mobile-first platform with full small-screen functionality.
  • Possible Fees: See terms for a complete accounting of Cheese’s possible fees.

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18. FNBO Direct Online Checking Account

Competitive Yields on All Checking Account Balances

fnbo direct logo

The FNBO Direct Online Checking account is a straightforward product that pays an attractive yield on all balances above $0.01 and boasts a negligible minimum opening deposit ($1). Despite its no-frills appearance, this account has a nice mobile platform that lets you send money directly to friends and family at no charge.

FNBO does have some drawbacks: no reimbursement for out-of-network ATM fees and hefty daily overdraft fees.

  • Minimum Deposit and Balance Requirements: There’s a minimum opening deposit amount of $1 and a minimum balance of $0.01 required to earn APY.
  • Account Opening Bonus: None.
  • Yield: This account yields 0.15% APY on all balances above $0.01.
  • Rewards and Incentives: FNBO Direct doesn’t charge its own ATM withdrawal fees. However, it never reimburses ATM withdrawal fees charged by other banks.
  • Mobile Features: Bill pay and send money to a friend using the Popmoney app. The account is Android and iPhone compatible.
  • Overdraft Options: You can opt in to an overdraft protection program that charges a relatively high one-time fee per transaction, limit 4 per day. FNBO Direct waives this fee for 1 overdraft per calendar year. If you don’t opt in, you can’t make transactions that would result in an overdraft.
  • Possible Fees: Outgoing wires, cashiers checks.

19. Lili

Totally Free Checking With Automatic Tax Savings and Financial Insights

Lili Logo

The Lili Account is a free checking account designed for freelancers, side hustlers, and solo professionals. With tools that simplify and automate tax savings, early payday for qualifying account holders with direct deposit (up to 2 days early), cash deposits at 90,000 U.S. retail locations, an “emergency bucket” feature that enables savings transfers as low as $1 per day, real-time activity alerts, instant expense categorization, and tons of other value-added features, it’s the only bank account you’ll need as a one-person operation — no more separate accounts for business and personal needs. That’s a rare find in a banking industry rife with mediocrity.

  • Minimum Deposit and Balance Requirements: Lili doesn’t have minimum balance or deposit requirements and doesn’t charge account fees.
  • Yield: Lili doesn’t pay interest. Check back often for the latest offers.
  • Rewards and Incentives: Lili’s referral program pays $25 per successful referral and promises a bonus of $1,000 when you deliver 10 successful referrals to Lili. Plus, Lili makes it easy to set aside funds earmarked for tax payments, has helpful expense management and categorization tools (like quarterly expense reports), promises an early payday for account holders with direct deposit (up to 2 days early), and delivers real-time alerts about transactions and other account activities.
  • Possible Fees: Lili does not charge account fees.

Learn More


20. Betterment Checking

Betterment Logo

Backed by one of the most innovative names in digital investing, Betterment Checking delivers a seamless, mobile-first experience with no minimums and virtually no fees. Highlights include unlimited, automatic ATM fee reimbursements at all Visa-accepting machines worldwide; a potentially generous rewards program (Betterment Cash Back Rewards); and a slew of mobile-friendly features and capabilities. Link your Betterment Checking account to an interest-bearing Betterment Cash Reserve cash management account to take advantage of Betterment’s Two Way Sweep feature and maximize your return on excess cash.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance.
  • Account Opening Bonus: None.
  • Yield: None, but the Betterment Cash Reserve cash management account earns 0.10% APY on all balances (subject to the $10 minimum deposit requirement).
  • Rewards and Incentives: Enjoy potentially generous rewards with select partner merchants through Betterment Cash Back Rewards. Plus, get automatic ATM transaction fee reimbursements at nearly 3 million Visa-accepting machines worldwide and unlimited reimbursement of Visa’s 1% foreign transaction fee on all international transactions and purchases.
  • Mobile Features: Seamless transfers between Betterment accounts, automatic two-way cash sweep (Two Way Sweep), tap-to-pay debit card, and mobile check deposit (coming soon). The mobile app is Android- and iPhone-compatible.
  • Overdraft Options: Betterment Checking never charges overdraft fees.
  • Possible Fees: See Betterment’s website for a complete list of possible fees.

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21. Novo Business Checking Account

Thousands of Dollars in Perks

Novo B

Novo offers a free business checking account that’s light-years ahead of any of the big banks’ small checking products. Its fee-free business banking experience is basically unheard of these days, and no minimum or maximum deposits sweeten the deal even more. Note the growing list of app integrations, including Slack (a leading workplace collaboration tool) and Xero (an accounting solution for small businesses).

  • Minimum Deposit and Balance Requirements: There’s no official minimum to open your account, but you’ll need to make a $50 deposit (which remains in your control) to activate Novo’s features.
  • Account Opening Bonus: None
  • Annual Percentage Yield: Novo’s checking account doesn’t pay interest.
  • Rewards and Incentives: Novo integrates with a number of other small business tools, such as Slack and Xero, and boasts exclusive perks worth thousands of dollars in potential value.
  • Mobile Features: Novo has a fully functional mobile app and a mobile-friendly website.
  • Overdraft Options: Novo doesn’t offer a formal overdraft protection plan. However, the bank takes steps to minimize overdrafts and will pay items for which there’s an insufficient balance as necessary. It may charge a fee for these payments.
  • Possible Fees: See terms and conditions for details.

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22. TD Bank Convenience Checking

Student-Friendly Account With Preferred Loan Rates

td bank

TD Bank’s Convenience Checking account isn’t technically free, but the $100 minimum daily balance required to avoid the $15 monthly maintenance fee is low enough to render it functionally so.

Convenience Checking is an even better deal for students, who pay no monthly maintenance fees – regardless of balance – until they turn 24, and get a pass on monthly maintenance fees for any linked TD Bank savings account to boot. All customers enjoy choice perks like discounts on certain TD Bank credit products and lightning-fast money transfers courtesy of Zelle.

  • Minimum Deposit and Balance Requirements: You need to maintain a $100 minimum daily balance to avoid the $15 monthly maintenance fee.
  • Account Opening Bonus: Earn $150 when you receive direct deposits totaling $500 or more within 60 days.
  • Yield: None.
  • Rewards and Incentives: TD Convenience Checking customers may qualify for a rate discount of 0.25% on home equity lines of credit and unsecured personal loans originated by TD Bank. Separately, the monthly maintenance fee is always waived for students ages 17 to 23, regardless of account balance. All customers enjoy free access to TD Bank ATMs.
  • Mobile Features: TD Bank has a fully functional mobile app and mobile-responsive website.
  • Possible Fees: Check TD Bank’s disclosure agreement for a full, up-to-date list of potential account fees.

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23. Quontic High Interest Checking

Excellent Yields on Checking Balances With Qualifying Monthly Transaction Activity

Quontic High Interest Checking makes it easy to earn category-leading interest on eligible checking account balances. Simply open your account with at least $100 to start and meet the transaction requirement: at least 10 qualifying debit card point-of-sale transactions of $10 or more per statement cycle.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $100. There’s no monthly service fee.
  • Account Opening Bonus: None.
  • Yield: Earn interest based on your balance tier in any statement cycle where you meet the transaction requirement: 10 qualifying debit card point-of-sale transactions of $10 or more during the statement cycle. In statement cycles where you don’t meet the transaction requirement, you’ll earn 0.01% APY. Earn 1.01% APY on balances up to $150,000 and 0.35% APY on balances between $150,000.01 and $1,000,000.
  • Rewards and Incentives: Pay no ATM fees when you use your debit card at ATMs in the AllPoint®, MoneyPass®, and SUM® networks, or at Citibank® ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie, or Circle K.
  • Mobile Features: Quontic’s mobile app offers seamless mobile check deposits, online bill pay, P2P transfers, receipt tracking, and more.
  • Overdraft Options: See terms and conditions for details about Quontic Bank’s overdraft protection options.
  • Possible Fees: See terms and conditions for details about possible account fees.

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24. LendingClub Bank Rewards Checking

1% Cash Back on Signature-Based Transactions; Yields Up to 0.15% APY

LendingClub Bank has a great checking product: Rewards Checking.

The headline here is twofold: an unlimited, category-leading 1% cash back reward on online and signature-based debit card transactions – transactions made when you select “Credit” at the point of sale – and yields up to 0.15% APY for high-balance accounts.

To qualify for cash back, you’ll need to maintain a minimum account balance of $2,500 or receive at least $2,500 in qualifying direct deposits each month.

Rewards Checking has no hidden fees, and direct deposit recipients get paid up to two days early.

  • Minimum Deposit and Balance Requirements: Once you make the $100 minimum opening deposit, there’s no minimum daily balance requirement to worry about.
  • Account Opening Bonus: None.
  • Yield: Earn 0.10% APY on balances between $2,500 and $99,999, and 0.15% APY on balances above $100,000.
  • Rewards and Incentives: Earn unlimited 1% cash back on online and signature-based debit card transactions (select “Credit” at the point of sale). To qualify for rewards, you’ll need to do one of the following: 1) Receive direct deposit into your account from a qualifying source of income (usually an employer or government benefits provider) totaling $2,500 or more; or 2) Maintain an average balance of $2,500 or more in your Rewards Checking account. Separately, you may receive direct deposits up to two days early.
  • Mobile Features: Mobile check deposits, bill pay, P2P transfers (send money to friends), mobile wallet and account link functionality, and a card management app.
  • Overdraft Options: Check your account’s terms and conditions document for details about LendingClub Bank’s optional overdraft protection service. Check terms and conditions for the latest information.
  • Possible Fees: See LendingClub Bank’s terms and conditions for details about possible account fees.

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25. Umpqua Bank Embark Checking

Complimentary Savings Account & Generous ATM Reimbursement

Umpqua Bank

Umpqua Bank’s Embark Checking account is basically a two-for-one account deal: When you make at least one transfer from your Embark Checking account into your Grow Savings account, Umpqua waives the savings account’s maintenance fee – and your money grows faster than it would sitting in your checking account.

With no monthly maintenance fees and low initial deposit requirements, Embark is a great account in its own right. Maintain a balance of at least $2,500 to qualify for $10 in monthly ATM rebates.

  • Minimum Deposit and Balance Requirements: You need $25 to open an Embark Checking account. There’s no minimum daily balance requirement thereafter, but you’ll need to maintain an average daily balance of at least $2,500 to qualify for $10 in ATM reimbursements each month.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: Umpqua Bank reimburses the first $10 in ATM fees each month when you maintain an average minimum daily balance of $2,500 during the period. The Go-To app provides on-the-go financial advice from your mobile device. and offers unlimited reimbursements for all U.S. ATM fees. And you’ll enjoy a complimentary Grow Savings account (with no monthly maintenance charge) when you complete at least one qualifying monthly transfer from your Embark Checking account.
  • Mobile Features: The account is Android and iPhone compatible and boasts a full range of mobile features.
  • Overdraft Options: You can opt into a paid overdraft program that charges a hefty fee per occurrence (equal to the NSF fee for declined transactions). To reduce this charge, you can opt into Umpqua’s overdraft transfer program, which automatically transfers funds in $100 increments from a linked savings account, money market account, checking account, or line of credit, subject to a lower fee per occurrence.
  • Possible Fees: Stop payment, paper statements, dormant account.

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26. M1 Spend

1.5% APY and 1% Cash Back on Debit Card Purchases With M1 Plus

m1 Finance

M1 Spend is M1 Finance’s free checking product. Technically, it’s a cash management account tied to M1 Finance’s core product, a low-cost automated investing platform. But, with a debit card accepted at millions of locations worldwide and no account minimums, it can easily replace your current checking account.

M1 Spend is free to use and never charges monthly maintenance fees. Spend $125 to upgrade to M1 Plus and get 1.5% APY on all checking balances, 1% cash back on debit card purchases, and up to 4 ATM fee reimbursements per month.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance requirement.
  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Rewards and Incentives: Upgrade to M1 Plus to earn 1.5% APY on all account balances and 1% cash back on all debit card purchases. M1 Plus members get 4 ATM fee reimbursements per month – 3 more than standard M1 members.
  • Mobile Features: M1 Spend is fully mobile compatible.
  • Overdraft Options: Refer to M1 Spend’s terms and conditions for details about overdraft protection.
  • Possible Fees: Third-party ATM fees, subject to ATM owners’ discretion.

Learn More


27. Axos Bank Rewards Checking

Tiered Yields up to 1.00%

The Axos Bank Rewards Checking account is one of several free checking options offered by the bank formerly known as Bank of Internet USA, an online banking pioneer. Rewards Checking doesn’t automatically pay interest, but you can earn a yield of up to 1.00% on your funds by meeting certain qualifications. These include using receiving monthly direct deposits at least $1,500. Basically, Axos Bank wants to be your primary checking account.

Axos Bank isn’t perfect. For instance, the bank advertises free checks with a new checking account, but you may actually need to request them when you open the account. Checks might not be the first thing on your mind at that time.

  • Minimum Deposit and Balance Requirements: You need $50 to open a Rewards Checking account, but there’s no minimum daily balance requirement once it’s open.
  • Account Opening Bonus: None.
  • Yield: Rewards Checking accounts come with a base yield of 0%. To earn 0.40% APY on balances up to $50,000 and qualify for opportunities to earn interest at even higher rates, you must receive monthly direct deposits totaling $1,500 or more. Earn an additional 0.30% APY by using your Axos Visa® Debit Card for a total of 10 transactions per month (minimum $3 per transaction) or signing up for Account Aggregation/Personal Finance Manager (PFM) in online banking. Maintain an average daily balance of $2,500 per month in an Axos Self Directed Trading Invest Account to earn another 0.10% APY, and use your Rewards Checking account to make your full monthly Axos consumer loan payment to earn a final 0.10% APY, for a grand total of 1.00% APY on balances up to $50,000.
  • Rewards and Incentives: Axos Bank offers unlimited reimbursements for all U.S. ATM fees. You also get your first 50 checks free with a Rewards Checking account if you ask for them at account opening.
  • Mobile Features: Check deposits, bill pay, send money to friends, and FinanceWorks (a budgeting tool from Quicken). The account is Android and iPhone compatible.
  • Overdraft Options: Axos Bank offers free overdraft transfers from a linked internal savings or money market account. If you don’t opt into this service, any transaction that would result in an overdraft fails.
  • Possible Fees: Debit card replacement, cashiers checks, stop payment.

Learn More


28. Nationwide Advantage Checking

Logo Nationwide Horizontal

Nationwide Advantage Checking is a high-yield checking account in the mold of Axos Bank Rewards Checking, though its highest yield tier isn’t quite as attractive as its compatriot’s. Still, with low minimums, no monthly maintenance fees, an expansive ATM network, and the opportunity to earn up to 0.90% APY (variable with prevailing rates) in any given month, Nationwide Advantage Checking bears watching.

  • Yield: The default yield on this account is 0%, but there are two higher yield tiers that each pay 0.45% with qualifying activities. Earn 0.45% in any given month when you receive direct deposits (not including intra-bank transfers from another account) totaling $1,000 or more. Earn 0.45% in any given month when you complete at least 10 point-of-sale transactions using your debit card (minimum $3 per transaction). Do both in the same month to earn 0.90% interest.
  • Minimum Deposit and Balance Requirements: The minimum account opening deposit is $50, but there’s no ongoing minimum daily balance requirement.
  • Account Opening Bonus: None.
  • Rewards and Incentives: Enjoy fee-free access to more than 80,000 in-network ATMs.
  • Mobile Features: Enjoy mobile check deposits, bill pay, P2P transfers, and more via iOS and Android-compatible mobile sites and apps.
  • Possible Fees: This account has no monthly maintenance fees or NSF transaction fees.

Learn More


29. Discover Bank Cashback Checking

1% Cash Back on Up to $3,000 in Debit Card Purchases Each Month

Discover Bank is a full-service online bank with an unusually generous, totally free checking account. The headline here is the account’s 1% cash back yield on up to $3,000 in debit card purchases each month. That adds up to as much as $30 cash back per month, or $360 cash back per year.

Discover Bank has no minimum balance requirements and boasts a pretty forgiving fee schedule with no bill pay, NSF, check reorder, replacement debit card, or bank check fees. Plus, customers have fee-free access to more than 60,000 ATMs around the U.S. – more than most competitors.

  • Minimum Deposit and Balance Requirements: There are no monthly balance or activity requirements.
  • Account Opening Bonus: None.
  • Yield: No yield, but qualifying debit card purchases earn 1% cash back on up to $3,000 spent each month. P2P transfers, third-party money market purchases, ATM transactions, and point-of-sale cash back transactions don’t earn cash back or count toward the spending cap.
  • Rewards and Incentives: Discover Bank doesn’t charge ATM fees. Checks, replacement debit cards, and a slew of other services are free.
  • Mobile Features: The account is Android and iPhone compatible, with impressive functionality across the board.
  • Overdraft Options: Discover Bank allows you to link your Discover checking account to another Discover deposit account and automatically transfer funds to cover transactions that would normally result in a negative balance. This service costs nothing.
  • Possible Fees: Discover’s deposit accounts charge very few fees, a major selling point over otherwise comparable competitors.
Источник: https://www.moneycrashers.com/best-free-checking-accounts/

Free Checking

Free Checking

Checking doesn’t get simpler than this. Free Checking has absolutely no monthly service fee when you choose online statements, and is packed with full service benefits!

Open Now

Schedule an Appointment

Checking Accounts Are All the Same. Or…Are They?

At Bank of Oklahoma, you get all the benefits you expect from a checking account, like an easy-to-use app, the ability to turn your debit card off and on, and free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs. But who’s counting? Not only that, but Free Checking comes with no monthly service fee when you enroll in online statements.

See the Simple Guide to Free Checking.

Account Features

  • Debit Card

    Totally Free Access

    With Free Checking, you get a free Visa® Debit Card and unlimited transactions, so you can make purchases in store or online to your heart's content. Your debit card also doubles as an ATM card, allowing you to make deposits at any Bank of Oklahoma ATM. And, you get free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs.

    Find ATMs

  • Convenience

    Convenience at Your Fingertips – For Free

    You won’t be charged a monthly service fee when you choose to receive online statements. Get 24/7 access to your account in online and mobile banking to view transactions, get instant alerts, pay bills, transfer funds or make mobile deposits through our app.

    Learn More

  • Savings Goals

    Reach Your Savings Goals Faster with QuickSave

    Our Free Checking account comes with access to QuickSave, a tool designed to help you save money faster. If you enroll, every time you use your Visa® Debit Card to make a qualifying purchase, or complete an Online Bill Pay transaction, we'll automatically transfer an amount of your choosing into savings.

    QuickSave

Enjoy These Perks with Your Account

Free Checking is free when you sign up for online statements, and comes packed with convenient features and enhancements designed to help you live your best financial life. How you shop, spend, budget, save, pay bills or send money should be up to you. After all, it’s your money. We’re just here to make it at all a little easier for you.

  • Deposit checks, set account alerts, transfer funds, pay bills, send and receive money between friends with Zelle®, access your account statements, manage your debit and credit cards, and even your mortgage and personal loans all from our mobile app. Schedule an appointment to speak with a banker, or use our 24-hour automated ExpressBank to manage your account.

  • Send and receive money between friends and family with Zelle®, pay bills securely online or through our mobile app, make external transfers to your account at another bank, and transfer funds between your accounts with us. Use Apple Pay1 and Samsung Pay2 to easily and securely pay in-store, in-app, or online.

  • Easily find our banking centers and ATMs near you. You can use Bank of Oklahoma ATMs to deposit checks, transfer funds, check your balances and more. Plus get free access to more than 450 additional no-fee ATMs statewide.

  • Get free overdraft protection transfers3 from your linked savings, money market account or personal line of credit. Visa's Zero Liability4 covers unauthorized charges on your debit card when promptly reported. Instantly block and unblock your debit card if lost or stolen, and set account alerts to stay in the know on your account activity.

More about Free Checking

  • Free Visa debit card
  • Free online and mobile banking with Bill Pay
  • Free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs.
  • QuickSaveSM
  • One complimentary overdraft fee refund per calendar year (upon request)
  • Overdraft Protection*
  • Free online statements
  • ExpressBank 24-hour telephone automated account information

A $50 opening deposit is required.

*If you are enrolled in Overdraft Protection, we will automatically transfer any available funds at no charge to you from your linked Bank of Oklahoma savings, money market account or personal line of credit into your checking account at the end of any business day on which your Available Balance is less than zero. Limited to one linked savings or money market account or personal line of credit as a source of funding. Accounts are not automatically linked. Please notify your banker which account should be linked. To the extent the funds in your designated funding account are insufficient to cover all overdrafts in your checking account, an Overdraft Fee or Returned Item Fee may be charged for each overdraft not covered by the transfer, under the terms of the Depository Agreement for Transaction Accounts. Transfers from your savings or money market account may be subject to an excessive withdrawal fee. See Summary of Fees and Definitions for pricing.

  • There is no monthly service fee for this account.
  • If you choose to receive a monthly statement via postal mail, a statement fee of $1.50 will be assessed each month. To avoid this fee, you can turn off paper statements by logging in to Online or Mobile Banking, selecting “online only”, and accepting the Online Statements Terms and Conditions. Opting out of paper statements will terminate the mailing of your monthly statement.
Источник: https://www.bankofoklahoma.com/personal/products-and-services/personal-banking/checking-accounts/free-checking

Free Checking Account

Bonus Offer

Offer is valid on new accounts only. To qualify, company must spend $3,000 within the first three months of account opening to receive the bonus. 10,000 bonus points will be credited within 60 days of qualification under the description: Commercial Spend Bonus.

Earning Points

Base Rewards Tier: Earns (i) one (1) point for each dollar you spend for net retail purchases (gross retail purchases less any returns or credits), (ii) three (3) points for each dollar you spend for net retail purchases in the follow rewards category: gas stations (2 additional points on top of the 1 point per dollar earned on net retail purchases), (iii) two (2) points for each dollar you spend for net retail purchases in the following rewards categories: restaurants and travel (airlines, auto rental, and lodging) (1 additional point on top of the 1 point per dollar earned on net retail purchases).

Rewards Categories: Merchants who accept Visa credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making reward offers to you. We make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won't qualify for rewards offers on purchases in that category.

Businesses may earn up to 10,000 points per calendar month, excluding bonus points. Points earned are available for redemption for a 3 year term. Points expiring during the year will be cleared from the Program Account on the last day of the month in which they expire.

Rewards Redemption

Businesses in the Base Rewards Tier may redeem points for (i) cash back to a First Citizens checking or savings account or credit card statement credits, (ii) credit towards a First Citizens personal loan or mortgage principal, (iii) Pay Me Back statement credits, (iv) travel rewards, including airline tickets, hotel, car rentals, cruises and tours, (v) retail gift cards and certificates and (vi) merchandise and (vii) donations.

These Terms are only a summary. Other restrictions and requirements apply. The full First Citizens Rewards® Program Rules will be provided upon enrollment and are accessible via the program website at FirstCitizensRewards.com at log in.

Program Rules are subject to change or cancellation without notice.

Источник: https://www.firstcitizens.com/personal/checking/free

Guide To Your Checking Account (PDF)

View Deposit Agreement (PDF)

If you are eligible for Overdraft or Return Item Fee Forgiveness at the time of your occurrence, the fee will be automatically waived. Overdraft Forgiveness will waive one Overdraft or Return Item fee every 12 months from the date of your last automatic refund. For example, if an Overdraft or Return Item fee is automatically waived on January 1st of this year, your next eligibility date would be January 1st of the following year.

Once your allotted Overdraft or Return Item Fee Forgiveness is used, normal overdraft fees will be charged. Our Overdraft Item Fee is $33 per item (max 4 per day). We will not charge this fee if 1) your balance is overdrawn by $20 or less or 2) the transaction overdrawing your account is $20 or less. Our Return Item Fee is $33 per item (max 4 per day). We will not charge this fee if the amount of the transaction being returned is $20 or less. We will be able to confirm and issue the forgiveness the same business day - automatically.

The payment of transactions into overdraft is discretionary and we reserve the right to not pay. Generally, we do not pay overdrafts if you are not making regular deposits, or you have excessive overdrafts, or based on your account history and how you maintain your account. We may change your overdraft privileges due to poor account management.

We may pay overdrafts for checks and other transactions using your account number and for automatic bill payments (ACH and recurring debit transactions), and if you give us permission, we may authorize and pay overdrafts for ATM transactions and everyday non-recurring debit transactions (individual debit card purchases such as grocery store or one-time online purchases). Our expectation is you bring your account to a positive balance immediately (including payment of all bank fees and charges).

Источник: https://www.fnbo.com/personal-banking/checking/free-checking/

Free, Full-Service Checking Accounts

logo

father and daughter in hammock

No minimum or maximum balance and no monthly maintenance fees
— plus added perks, like ATM fee refunds, mobile banking, and a free debit cardwith digital wallet.


Explore our personal checking accounts




Kasasa Cash

Earn up to 1.50% APY* on account balances up to $20,000 and 0.10% APY* on balances over $20,000 when you qualify. View rates here.Learn more. ‌

  • No monthly maintenance fees or minimum balance
  • Up to $20 (monthly)* in refunds on ATM fees nationwide
  • Free debit card with digital wallet



piggy bank



music notes


Zoom Checking

If you’re between the ages of 14 and 22, and it's time to start managing your own money, Zoom Rewards Checking is the answer! You get 50 cents for each of your first eight debit card transactions every month – that’s up to $4.00 back into your account1. Learn more. ‌



Cinfed debit card


Your Debit Mastercard

Cinfed Debit Mastercard® is free with all checking accounts - giving you the convenience and protection you deserve.
It's like having cash, but only better:




mobile app screen shots


Mobile App
Access to your account wherever, whenever you need it.

download app on the app store

download the app on Google Play


Ready to open your account?




Learn with Us
Tips and tools to help you reach your financial goals.


check

HAVE QUESTIONS?

Questions about your Cinfed checking accounts?
Get the answers you're looking for.

VISIT OUR FAQ PAGE



Additional Details and Resources


Debit Overdraft Protection
Debit Card Access and Information
Reorder Checks
Schedule of Fees
Cinfed Connection
Debit Card Application (Online)

*APY = Annual Percentage Yield. APYs accurate as of 8/1/2020. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. For Kasasa Cash® account, if qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $20,000 receive APY of 1.50%; and balances over $20,000 earn 0.10%dividend rate on the portion of balance over $20,000, resulting in a range from 1.50% to 0.33%APY depending on the account’s balance and (2) you will receive reimbursements up to $20 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. Dividends and ATM fee reimbursements will be credited to your Kasasa Cash® account on the last day of statement cycle. When Kasasa Cash® qualifications are not met, all balances in the account earn .05% APY and ATM fees are not refunded. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. ATM-processed transactions do not count toward qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. The advertised Kasasa Cash® APY is based on compounding dividends. The Kasasa Saver APY may be less than Kasasa Cash APY. If qualifications are met in your Kasasa Cash or Kasasa Cash Back account during the Monthly Qualification Cycle, the balance in the Kasasa Saver earns 0.30% APY. If Kasasa Cash or Cash Back qualifications are not met, the balance in the Kasasa Saver earns 0.05% APY. Limit one Kasasa Saver per social security number. View schedule of fees.
**Rates and rewards are variable and may change after account is opened. When Kasasa Cash Back® qualifications are met during a Monthly Qualification Cycle, you will receive 4.00% cash back on up to a total of $100.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $4.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $20.00 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back® account on the last day of statement cycle. When Kasasa Cash Back® qualifications are not met no cash back payments are made and ATM fees are not refunded. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. ATM-processed transactions do not count toward qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. If member has a Kasasa Saver® account, cash back payments earned in Kasasa Cash Back® are automatically transferred to Kasasa Saver® each statement cycle. Limit one Kasasa® checking per social security number.. View schedule of fees.
1You will receive $0.50 cash back on each everyday debit card transaction, up to an aggregate amount of $4.00 per monthly statement cycle, that posts and settles to your account during the monthly statement cycle. Enrollment in electronic services (e.g. online banking, electronic statements) and monthly log-on to online banking may be required to meet some of the account’s qualifications. The cash back rewards will be credited to your account on the last day of the statement cycle. Only debit card transactions processed by merchants and received by us as point-of-sale (POS) transactions will qualify to earn cash back. Debit card transactions processed by merchants and received by us as ATM transactions do not count as POS transactions. Statement Cycle means the period of time for which Cinfed provides a summary of the financial activities and transactions that post and settle to your account. Limit one Zoom Rewards checking per social security number. Account owner must be between the ages of 14 and 22. Members under 18 years of age are required to have a parent/guardian sign as a joint owner. Rates and rewards are variable and, at our discretion, may change after account is opened without notice to you. View schedule of fees.

CONTACT CINFED

Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656

MEMBER REVIEWS

They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money... 
— Courtney SnowBeen a member since I moved to the Queen City in 1978. Cinfed has always provided customer service that other financial institutions only dream about. Thank you for almost forty years of outstanding... 
— Tim GrabensteinI recently became a member here at CINFED and it was the best decision I have ever made. I walked in with tears and despair and left with dry eyes, a smile, and I even received a hug from the branch... 
— MelanieEarlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself ..My sister was survived by a daughter and son. We have since then taken on... 
— VondaHow lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is... 
— Debbie GEmily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was... 
— Sarah AmyotteI have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service.... 
— Marian DudleyI have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support . Hope Dee Dee is... 
— Robert OlguinI have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what... 
— Andreya T WilliamsI been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
— Edward, member since 1985I have been a Cinfed member for years. I know I can depend on them to provide excellent service. The bill pay on line is great and every time I visit the Florence branch I am met with friendly... 
— Jan RicksClosed a loan in 24 hours! Absolutely unheard of! Thanks to the exceptional customer service of LeAnn Rose at the Turfway Branch! She went above and beyond by providing unexpected expedited service! ... 
— Christina StullI recently applied for a credit card online. I received a call from Emily Snyder explaining what needs to be done next. It was easy and Emily’s customer service was excellent. Emily is a great... 
— Johnnie BushI met Emily Snyder because I had a flat tire in the parking lot of Cinfed Credit Union. I didn’t know what to do and she offered to help me. It was late in the evening and I didn’t think anyone... 
— Cindy HyattEmily Snyder took care of setting up a consolidation loan for me on Saturday. She was very friendly, professional, and explained very articulately all the steps involved. Emily also opened a new... 
— Sally A ArbogastI recently closed for a car loan and a credit card with Susan Z. Her service was excellent. We closed in a couple of days. She was so helpful with her knowledge. It was a pleasure to deal with her.
— Glenda Adkins I cannot say enough good things about the service I have always received from Cinfed! Most recently, we refinanced a vehicle and dealt with Emily S.! She was quickly responsive and on top of her... 
— Serena KainI can say a million great things about Cinfed Credit Union and how they helped me over the years ,But there are many helpful service members, but one Great lady Is Mrs Susan Z. She is an Awesome... 
— GEORGE TUBBSI have to say I think the new online banking update is pretty awesome. I love that the app is more up to date, clean and user friendly. Happy to be a customer with Cinfed.
— Kyle Neises I have member with Cinfed for 24 years. The customer service is beyond great. Everything from daily banking to loan services. I recently purchased my daughter a car and originally it was going to be... 
— Tira Williams

NOTE: You are leaving Cinfed Credit Union's web site. Cinfed is not responsible for content or security policies of this external, linked web site.


Источник: https://www.cinfed.com/free-full-service-checking-accounts

Free, Full-Service Checking Accounts

logo

father and daughter in hammock

No minimum or maximum balance and no monthly maintenance fees
— plus added perks, like ATM fee refunds, mobile banking, and a free debit cardwith digital wallet.


Explore our personal checking accounts




Kasasa Cash

Earn up to 1.50% APY* on account balances up to $20,000 and 0.10% APY* on balances over $20,000 when you qualify. View rates here.Learn more. ‌

  • No monthly maintenance fees or minimum balance
  • Up to $20 (monthly)* in refunds on ATM fees nationwide
  • Free debit card with digital wallet



piggy bank



music notes


Zoom Checking

If you’re between the ages of 14 and 22, and it's time to start managing your own money, Zoom Rewards Checking is the answer! You get 50 cents for each of your first eight debit card transactions every month – that’s up to $4.00 back into your account1. Learn more. ‌



Cinfed debit card


Your Debit Mastercard

Cinfed Debit Mastercard® is free with all checking accounts - giving you the convenience and protection you deserve.
It's like having cash, but only better:




mobile app screen shots


Mobile App
Access to your account wherever, whenever you need it.

download app on the app store

download the app on Google Play


Ready to open your account?




Learn with Us
Tips and tools to help you reach your financial goals.


check

HAVE QUESTIONS?

Questions about your Cinfed checking accounts?
Get the answers you're looking for.

VISIT OUR FAQ PAGE



Additional Details and Resources


Debit Overdraft Protection
Debit Card Access and Information
Reorder Checks
Schedule of Fees
Cinfed Connection
Debit Card Application (Online)

*APY = Annual Percentage Yield. APYs accurate as of 8/1/2020. Rates and rewards are variable and may change after account is opened. Fees may reduce earnings. For Kasasa Cash® account, if qualifications are met during a Monthly Qualification Cycle, (1) Balances up to $20,000 receive APY of 1.50%; and balances over $20,000 earn 0.10%dividend rate on the portion of balance over $20,000, resulting in a range from 1.50% to 0.33%APY depending on the account’s balance and (2) you will receive reimbursements up to $20 for nationwide ATM fees incurred during the Monthly Qualification Cycle in which you qualified. Dividends and ATM fee reimbursements will be credited to your Kasasa Cash® account on the last day of statement cycle. When Kasasa Cash® qualifications are not met, all balances in the account earn .05% APY and ATM fees are not refunded. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. ATM-processed transactions do not count toward qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. The advertised Kasasa Cash® APY is based on compounding dividends. The Kasasa Saver APY may be less than Kasasa Cash APY. If qualifications are met in your Kasasa Cash or Kasasa Cash Back account during the Monthly Qualification Cycle, the balance in the Kasasa Saver earns 0.30% APY. If Kasasa Cash or Cash Back qualifications are not met, the balance in the Kasasa Saver earns 0.05% APY. Limit one Kasasa Saver per social security number. View schedule of fees.
**Rates and rewards are variable and may change after account is opened. When Kasasa Cash Back® qualifications are met during a Monthly Qualification Cycle, you will receive 4.00% cash back on up to a total of $100.00 debit card purchases that post and settle to the account during that cycle period. A maximum of $4.00 cash back may be earned per Monthly Qualification Cycle. You will also receive reimbursements up to $20.00 for nationwide Walmart asurion sign in fees incurred during the Monthly Qualification Cycle in which you qualified. Cash back payments and ATM fee reimbursements will be credited to your Kasasa Cash Back® account on the last day of statement cycle. When Kasasa Cash Back® qualifications are not met no cash back payments are made and ATM fees are not refunded. Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account’s rewards. ATM-processed transactions do not count toward qualifying debit card transactions. Transfers between accounts do not count as qualifying transactions. “Monthly Qualification Cycle” means a period beginning one (1) day prior to the first day of the current statement cycle through one (1) day prior to the close of the current statement cycle. If member has a Kasasa Saver® account, cash back payments earned in Kasasa Cash Back® are automatically transferred to Kasasa Saver® each statement cycle. Limit one Kasasa® checking per social security number. View schedule of fees.
1You will receive $0.50 cash back on each everyday debit card transaction, up to an aggregate amount of $4.00 per monthly statement cycle, that posts and settles to your account during the monthly statement cycle. Enrollment in electronic services (e.g. online banking, electronic statements) and monthly log-on to online banking may be required to meet some of the account’s qualifications. The cash back rewards will be credited to your account on the last day of the statement cycle. Only debit card transactions processed by merchants and received by us as point-of-sale (POS) transactions will qualify to earn cash back. Debit card transactions processed by merchants and received by us as ATM transactions do not count as POS transactions. Statement Cycle means the period of time for which Cinfed provides a summary of the financial activities and transactions that post and settle to your account. Limit one Zoom Rewards checking per social security number. Account owner must be between the ages of 14 and 22. Members under 18 years of age are required to have a parent/guardian sign as a joint owner. Rates and rewards are variable and, at our discretion, may change after account is opened without notice to you. View schedule of fees.

CONTACT CINFED

Cinfed Credit Union
4801 Kennedy Avenue
Cincinnati, OH 45209
(513) 333-3800
Routing #242076656

MEMBER REVIEWS

They always go above and beyond at the Oakley branch and truly care about each of their members. And, I absolutely love their kids' membership program. It makes it fun for them to learn about money. 
— Courtney SnowBeen a member since I moved to the Queen City in 1978. Cinfed has always provided customer service that other financial institutions only dream about. Thank you for almost forty years of outstanding. 
— Tim GrabensteinI recently became a member here at CINFED and it was the best decision I have ever made. I walked in with tears and despair and left with dry eyes, a smile, and I even received a hug from the branch. 
— MelanieEarlier this year my much younger sister passed away and with that many obligations were to be met by my husband and myself .My sister was survived by a daughter and son. We have since then taken on. 
— VondaHow lucky I am to have Liz Frey managing the office I use! I live in Florida but maintain Cinfed as my main banking office. Everytime I need special help a simple email or call to Liz and it is. 
— Debbie GEmily Snyder took the best care of my two auto loans. She was professional, courteous and very knowledgeable of the available services for me. She went out of her way to make sure I felt like I was. 
— Sarah AmyotteI have been member with Cinfed since 1986. The Roselawn Cinfed staff greeted the customer phone calls friendly and polite willing to help you with your needs. They have excellent customer service. 
— Marian DudleyI have been a member of CINFED since about 1981 when I was transferred from SLC, Utah with the US Army Recruiting Command and have always received excellent service and support. Hope Dee Dee is. 
— Robert OlguinI have been a member at the Roselawn Branch for a long time and I couldn't be more satisfied with the customer service. No matter how often I come in with a question or issue and no matter what. 
— Andreya T WilliamsI been a member since 1985 and can not imagine banking anywhere else. This credit union as taken care of my every need. 24/7 services is excellent.
— Edward, member since 1985I have been a Cinfed member for years. I know I can depend on them to provide excellent service. The bill pay on line is great and every time I visit the Florence branch I am met with friendly. 
— Jan RicksClosed a loan in 24 hours! Absolutely unheard of! Thanks to the exceptional customer service of LeAnn Rose at the Turfway Branch! She went above and beyond by providing unexpected expedited service! . 
— Christina StullI recently applied for a credit card online. I received a call from Emily Snyder explaining what needs to be done next. It was easy and Emily’s customer service was excellent. Emily is a great. 
— Johnnie BushI met Emily Snyder because I had a flat tire in the parking lot of Cinfed Credit Union. I didn’t know what to do and she offered to help me. It was late in the evening and I didn’t think anyone. 
— Cindy HyattEmily Snyder took care of setting up a consolidation loan for me on Saturday. She was very friendly, professional, and explained very articulately all the steps involved. Emily also opened a new. 
— Sally A ArbogastI recently closed for a car loan and a credit card with Susan Z. Her service was excellent. We closed in a couple of days. She was so helpful with her knowledge. It was a pleasure to deal with her.
— Glenda Adkins I cannot say enough good things about the service I have always received from Cinfed! Most recently, we refinanced a vehicle and dealt with Emily S.! She was quickly responsive and on top of her. 
— Serena KainI can say a million great things about Cinfed Credit Union and how they helped me over the years ,But there are many helpful service members, but one Great lady Is Mrs Susan Z. She is an Awesome. 
— GEORGE TUBBSI have to say I think the new online banking update is pretty awesome. I love that the app is more up to date, clean and user friendly. Happy to be a customer with Cinfed.
— Kyle Neises I have member with Cinfed for 24 years. The customer service is beyond great. Everything from daily banking to loan services. I recently purchased my daughter a car and originally it was going to be. 
— Tira Williams

NOTE: You are leaving Cinfed Credit Union's web site. Cinfed is not responsible for content or security policies of this external, linked web site.


Источник: https://www.cinfed.com/free-full-service-checking-accounts

The Complete Guide to Checking Accounts

A checking account is a type of bank account that offers easy access to deposited funds. Unlike other types of bank accounts – including savings – checking accounts typically allow unlimited withdrawals and deposits, making them a good choice to cover your everyday spending.

In exchange for this flexibility, checking accounts tend to pay low interest rates (if they pay interest at all) compared to savings accounts, certificates of deposit (CDs) and other accounts that allow you to grow your money. As such, it’s a good idea to use your checking account only for money you’ll want to access for ordinary purchases and your monthly bills. Everything else should go into accounts that offer higher earnings potential.

There are several convenient ways to access the money in a checking account. For example, you can:

  • Write checks.
  • Make purchases with a debit card connected to your account.
  • Make withdrawals and deposits with your ATM card.
  • Visit your local branch to make withdrawals and deposits.
  • Use the bank’s online bill pay service to pay one-time bills or set up recurring payments.
  • Set up automatic payments through a company where you have an account, such as utilities and credit cards.
  • Transfer funds to and from other bank accounts.

Before opening a checking account, it’s helpful to understand the different types of accounts that are available, as well as the practical aspects of maintaining a checking account – such as how to write a check and balance your account. To get you started, here’s a quick guide to help you choose and manage a checking account.

Free Checking Accounts – and How to Qualify for One

Free checking accounts are less common than they used to be. According to Bankrate, only 38% of banks now offer free checking, compared with 76% in 2009. In general, you’ll have better luck finding free checking at community banks, credit unions (look for “reward checking”) and online banks than at large brick-and-mortar banks. 

Free checking means a checking account with no monthly maintenance fee and/or minimum balance requirements. Some banks offer free checking if you sign up for electronic statements or set up direct deposit, which allows your employer to electronically deposit your paycheck into your bank account each pay period. Keep in mind, however, there may be a minimum direct deposit amount – say, $250 per month – and if you fall below that or the direct deposits stop, you’ll lose the free checking status. And, of course, free doesn’t mean no fees: You’ll still be on the hook for any overdraft charges and other fees. (See Which U.S. banks offer free checking accounts?)

Interest-Bearing Checking Accounts

With an interest-bearing checking account, you earn interest on the money in the account – just as you would in a savings account. Unlike a savings account, however, you’ll be able to write checks and use your debit card to make purchases and pay bills. (See also Money Market Account vs. High-Interest Checking Account: Which Is Better?)

Not all banks offer interest-bearing checking accounts, and those that do may have minimum balance requirements (which could be quite high), monthly maintenance fees and other conditions, such as a minimum number of debit card transactions each month. Interest rates vary greatly by bank – currently anywhere from 0.01% to 5% – so it pays to shop around if interest is important to you. In general, you’ll find better rates at credit unions.

Premium Accounts and Qualifications

Premium checking accounts offer benefits beyond what you get with a standard account. Perks vary by bank and can include interest payments, waived fees (e.g., free notary services and free money orders), free financial advice and discounts on the bank’s other financial products. At some banks, you can earn reward points when you make purchases, which can be redeemed for eligible products and services.

In general, premium accounts require a higher balance than standard accounts: You’ll typically need a minimum daily balance of at least $2,500 or a combined balance of at least $10,000 or more (combined deposits and loans) to qualify for a premier checking account. Note that if your balance falls below the threshold, you’ll likely be on the hook for the monthly fee.

Lifeline and Second Chance Checking Accounts

Lifeline accounts (sometimes called basic accounts) are streamlined checking accounts designed for low-income customers. These accounts typically have low balance requirements and no monthly fees. Basic features like check writing are included, but you may be limited to a certain number of transactions each month. Large banks offer these accounts to provide banking services to the broad public – and some states require banks to offer them.

Another type of account is a second chance checking account, which may be a good option if you’ve been turned down for a checking account due to a past banking mistake or bad credit. These accounts typically have monthly fees that can’t be waived, and you may be required to set up direct deposit and/or complete a money management class. Despite these limitations, these accounts are often better – in terms of fees and convenience – than using prepaid debit cards and check cashing services.

What Is a Joint Checking Account?

A joint account is a bank account shared by two or more people, often relatives or business partners. A joint checking account functions like a standard checking account, but each named account holder can contribute to and use the money in the account.

These accounts are useful for couples, parents and teenagers, and adult children helping aging parents manage their finances. Since everyone on the account has access to the funds, it’s important to set clear expectations from the start to avoid potential problems and overdrawing the account.

What Is a Trust Checking Account?

If you are not a trustee or a trust beneficiary, this type of checking account won’t be on your radar. In any type of trust account, a trustee controls the account assets for the benefit of another person or group. The trustee is often a family member, attorney or accountant who has accepted responsibility for managing the account.

A trust typically needs its own checking account, which allows the trustee(s) to pay bills, make payments to beneficiaries (per the trust agreement) and manage the trust’s funds. A trust must be established before a trust checking account can be opened, and only the designated trustee(s) can open a bank account on behalf of the trust. In some cases, a trust agreement may contain rules regarding trust checking accounts – for example, that the trust must use a certain bank. Be sure to read the trust agreement and follow any rules before opening an account.

Student Accounts

Student checking accounts function just like standard checking accounts, but they tend to offer lower account minimums and lower fees. Many banks and credit unions, for example, offer a monthly maintenance fee waiver – or at least a discount on the monthly fee – for student checking accounts.

As with other checking accounts, you may be able to avoid fees if you set up direct deposit, maintain a minimum daily balance or make a certain number of debit card purchases each month. Student checking accounts are typically available to students ages 17-24; you may be required to provide proof of active enrollment in a qualifying high school, college, university or vocational program. 

ATM/Debit Cards

Debit cards let you easily access the money in your checking account to pay for everyday expenses. Debit cards function like credit cards, except as soon as you make a purchase, that money comes out of your account. Essentially, using a debit card is just like writing a check, but with the convenience of using plastic. banks that have free checking accounts You can also use your debit card to withdraw cash from your checking account through an ATM machine – you’ll need to use the personal identification number (PIN) that you created when you opened your account. Note that you may be charged a fee for using your ATM card outside of your bank’s ATM network. And, if your card doesn’t have the Visa or MasterCard logo, it can only be used to make ATM withdrawals; unlike debit cards, these ATM cards can’t be used to make purchases.

What Is a Cashier’s Check?

A cashier’s check is a check drawn from your bank’s funds instead of your own. These checks are used when you need to guarantee that funds are available for payment. They’re ideal for large purchases such as a car or a house down payment, when a credit or debit card payment wouldn’t be practical. Because you must first deposit the amount of the check into your bank’s own account, the bank – and not you – guarantees its payment. A bank representative signs the check and includes the name of a payee (the entity to which the check is payable) and the name of the remitter (the entity paying for the check). If you buy a cashier’s check, you’ll pay the full-face value of the check, plus a small fee for the service unless your account has special perks.

What Is Overdraft Protection?

An overdraft happens when you try to spend more than you have in your checking account. The transaction may be declined, or it could go through and trigger an overdraft fee from your bank, which could run about $35 per transaction. Most banks offer something called overdraft protection, which allows you to continue using your debit card for purchases and ATM card for withdrawals in exchange for a fee. If you prefer not to pay this fee, you can opt out of overdraft protection if you’re already enrolled, or don’t opt in when you open an account. If you’re not opted banks that have free checking accounts, any transaction that would put you in the red will automatically be declined (and you won’t owe a fee).

One alternative is to link your savings account to your checking account. Banks that have free checking accounts banks will waive overdraft fees if they can move funds from your savings account to your checking account when needed to avoid an overdraft. You might still have to pay an “overdraft transfer fee,” but it’s usually much cheaper than the other fees.

What Do All the Numbers on a Check Mean?

A long series of numbers can be found at the bottom of every check. The first series, on the left, is a nine-digit number that identifies your bank and is commonly called the ABA or routing number. The next series, in the middle, is your checking account number. With the routing number and your account number, the bank that accepts your check will know how to process the check (which bank and, specifically, which account). The last series of numbers is the check number, which corresponds to the number in the top right corner of the check.

How to Write a Check

Writing a check can be confusing when you haven’t done it before, but it’s simple once you know what goes where. Here’s a quick look at how to write a check:

  • Fill out today’s date on the short line on the top right side of the check.
  • On the line next to PAY TO THE ORDER OF, enter the name of the person or company you intend to give money to.
  • In the box to the right of this line and the dollar sign, enter the amount the check is for – in numbers (e.g., 97.98).
  • On the next line, write out, in words, the dollar amount of the check (e.g., Ninety-seven and 98/100). This amount must match the numbers you entered in the box. To ensure the check won't be tampered with, fill the entire line.
  • At the bottom left, you can make a note to help you remember what the check is for; or, if you’re paying a bill and the company asks you to include an account number, put it goes here.
  • Your signature goes on the line at the bottom right. Your check won’t be accepted without a signature, so be sure to include it.

It’s a good idea to fill out checks using the same process every time to make sure you include everything. You can work your way through from top to bottom. Here’s how the check looks before it’s filled out:

How to Balance a Checking Account

A basic way to manage your checking account is to balance your checkbook. This involves recording the dates and amounts of all your withdrawals and debit card purchases, plus any deposits and electronic transfers, then doing the math to make sure your balance matches your statement each month. To do this, check all the transactions on your statement against your entries to make sure everything matches, that you haven’t left anything out and that there aren’t any math errors. When everything matches, your account is balanced. If it doesn’t balance, start by looking for transactions that may not have gotten recorded, and then check your math. Remember to include any interest earned.

Balancing your checkbook regularly helps ensure you know how much money is in your account, which can keep you from overdrawing your account. You can track your transactions in your checkbook ledger, with a spreadsheet or using an app (such as Mint). If you’re not willing to balance your checkbook, you should at least check your balance online or with the bank’s app. You may also be able to sign up for text alerts that let you know if your account falls below a threshold that you specify.

How Banks Protect Your Money

If your bank is a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are guaranteed up to $250,000 per depositor for each account ownership banks that have free checking accounts. That means if you have different types of accounts at your bank – say, a checking account and a savings account – each type of account is insured up to $250,000 if the bank fails. Coverage is automatic when you open an account at an FDIC-insured back, and it’s backed by the full faith and credit of the United States government. To find out if a bank is FDIC-insured, ask a bank representative, look for the FDIC sign on the bank’s website and at your local branch, or use the FDIC’s BankFind tool.

Credit unions offer comparable insurance. If your credit union is a member of the National Credit Union ShareInsurance Fund (NCUSIF), your “shares” (what credit unions call your deposits) are insured in a way that's similar to how your deposits are protected at an FDIC-insured bank. All federal credit unions are insured by the NCUSIF, which is administered by the National Credit Union Administration (NCUA); state credit unions can be insured by NCUSIF or through their own state insurance or private insurance.  Since financial institutions can and do fail (just think back to 2008), it’s recommended that you open an account only at an FDIC-insured bank or a similarly insured credit union.

The Bottom Line

You have lots of options if you’re shopping for a checking account. One of the first things to consider is whether you want to open an account with an online bank or at your local brick-and-mortar bank. In general, online banks offer perks like lower fees, better interest rates, convenience and free ATM access to a typically large network of ATMs. Perhaps the biggest drawback is that online banks don’t offer in-person assistance, which means you’ll have to sort through a touchtone menu to reach a real person.

Still, many people enjoy online accounts, especially since most banks today provide robust apps that make it easy to deposit, withdraw and transfer money. And if you’re worried about Internet security, reputable online banks with up-to-date security measures are just as safe as brick-and-mortar banks. To find out how a specific bank protects your information, search for that bank’s name + security (e.g., Ally + security). The result should link you to the bank’s security center.

Once you decide if you’d rather open an account at an online or a brick-and-mortar bank, you can start comparing your options, such as account types (e.g., student checking or joint checking), minimum balance requirements, monthly maintenance fees and the like. If you have any questions, don’t hesitate to reach out to a bank representative, either in person (at a local branch) or by using the bank’s online chat feature (if available) or customer service phone line.

Источник: https://www.investopedia.com/personal-finance/complete-guide-checking-accounts/

Free Checking Account

Bonus Offer

Offer is valid on new accounts only. To qualify, company must spend $3,000 within the first three months of account opening to receive the bonus. 10,000 bonus points will be credited within 60 days of qualification under the description: Commercial Spend Bonus.

Earning Points

Base Rewards Tier: Earns (i) one (1) point for each dollar you spend for net retail purchases (gross retail purchases less any returns or credits), (ii) three (3) points for each dollar you spend for net retail purchases in banks that have free checking accounts follow rewards category: gas stations (2 additional points on top of the 1 point per dollar earned on net retail purchases), (iii) two (2) points for each dollar you spend for net retail purchases in the following rewards categories: restaurants and travel (airlines, auto rental, and lodging) (1 additional point on top of the 1 point per dollar earned on net retail purchases).

Rewards Categories: Merchants who accept Visa credit cards are assigned a merchant code, which is determined by the merchant or its processor in accordance with Visa procedures based on the kinds of products and services they primarily sell. We group similar merchant codes into categories for purposes of making reward offers to you. We make every effort to include all relevant merchant codes in our rewards categories. However, even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won't qualify for rewards offers on purchases in that category.

Businesses may earn up to 10,000 points per calendar month, excluding bonus points. Points earned are available for redemption for a 3 year term. Points expiring during the year will be cleared from the Program Account on the last day of the month in which they expire.

Rewards Redemption

Businesses in the Base Rewards Tier may redeem points for (i) cash back to a First Citizens checking or savings account or credit card statement credits, (ii) credit towards a First Citizens personal loan or mortgage principal, (iii) Pay Me Back statement credits, (iv) travel rewards, including airline tickets, hotel, car rentals, cruises and tours, (v) retail gift cards and certificates and (vi) merchandise and (vii) donations.

These Terms are only a summary. Other restrictions and requirements apply. The full First Citizens Rewards® Program Rules will be provided upon enrollment and are accessible via the program website at FirstCitizensRewards.com at log in.

Program Rules are subject to change or cancellation without notice.

Источник: https://www.firstcitizens.com/personal/checking/free

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Notices & Disclosures

1 - Free first order of checks subject to limitations. 
2 - Online Banking, Bill Pay, Mobile Banking and Telephone Banking are free to customers with an eligible account; however, there may be a fee for certain optional services. Mobile data and carrier fees may apply.
3 - There may be a fee for paper statements which you can avoid by signing up for electronic delivery of your monthly account statement.
4 - Safe deposit box subject to availability.
5 - FNB will decline or return transactions when you do not have sufficient funds available in your account to cover a transaction, but cannot prevent your account from being overdrawn.  If your account is overdrawn, you will not be charged an overdraft fee.  You are responsible for any transactions that overdraw your account and returning your account to a positive balance.
6 - This account does not allow check writing, only debit card, mobile and online payments.

Источник: https://www.fnb-online.com/Personal/Checking-Savings/Checking/Product-List

Free Checking

Free Checking

Checking doesn’t get simpler than this. Free Checking has absolutely no monthly service fee when you choose online statements, and is packed with full service benefits!

Open Now

Schedule an Appointment

Checking Accounts Are All the Same. Or…Are They?

At Bank of Oklahoma, you get all the benefits you expect from a checking account, like an easy-to-use app, the ability to turn your debit card off and on, and free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs. But who’s counting? Not only that, but Free Checking comes with no monthly service fee when you enroll in online statements.

See the Simple Guide to Free Checking.

Account Features

  • Debit Card

    Totally Free Access

    With Free Checking, you get a free Visa® Debit Card and unlimited transactions, so you can make purchases in store or online to your heart's content. Your debit card also doubles as an ATM card, allowing you to make deposits at any Bank of Oklahoma ATM. And, you get free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs.

    Find ATMs

  • Convenience

    Convenience at Your Fingertips – For Free

    You cox login pay bill be charged a monthly service fee when you choose to receive online statements. Get 24/7 access to your account in online and mobile banking to view transactions, get instant alerts, pay bills, transfer funds or make mobile deposits through our app.

    Learn More

  • Savings Goals

    Reach Your Savings Goals Faster with QuickSave

    Our Free Checking account comes with access to QuickSave, a tool designed to help you save money faster. If you enroll, every time you use your Visa® Debit Card to make a qualifying purchase, or complete an Online Bill Pay transaction, we'll automatically transfer an amount of your choosing into savings.

    QuickSave

Enjoy These Perks with Your Account

Free Checking is free when you sign up for online statements, and comes packed with convenient features and enhancements designed to help you live your best financial life. How you shop, spend, budget, save, pay bills or send money should be up to you. After all, it’s your money. We’re just here to make it at all a little easier for you.

  • Deposit checks, set account alerts, transfer funds, pay bills, send and receive money between friends with Zelle®, access your account statements, manage banks that have free checking accounts debit and credit cards, and even your mortgage and personal loans all from our mobile app. Schedule an appointment to speak with a banker, or use our 24-hour automated ExpressBank to manage your account.

  • Send and receive money between friends and family with Zelle®, pay bills securely online or through our mobile app, make external transfers to your account at another bank, and transfer funds between your accounts with us. Use Apple Pay1 and Samsung Pay2 to easily and securely pay in-store, in-app, or online.

  • Easily find our banking centers and ATMs near you. You can use Bank of Oklahoma ATMs to deposit checks, transfer funds, check your balances and more. Plus get free access to more than 450 additional no-fee ATMs statewide.

  • Get free overdraft protection transfers3 from your linked savings, money market account or personal line of credit. Visa's Zero Liability4 covers unauthorized charges on your debit card when promptly reported. Instantly block and unblock your debit card if lost or stolen, and set account alerts to stay in the know on your account activity.

More about Free Checking

  • Free Visa debit card
  • Free online and mobile banking with Bill Pay
  • Free access to more than 450 ATMs Statewide, including all Tulsa-area QuikTrip ATMs and all Oklahoma City-area 7-Eleven ATMs.
  • QuickSaveSM
  • One complimentary overdraft fee refund per calendar year (upon request)
  • Overdraft Protection*
  • Free online statements
  • ExpressBank 24-hour telephone automated account information

A $50 opening deposit is required.

*If you are enrolled in Overdraft Protection, we will automatically transfer any available funds at no charge to you from your linked Bank of Oklahoma savings, money market account or personal line of credit into your checking account at the end of any business day on which your Available Balance is less than zero. Limited to one linked savings or money market account or personal line of credit as a source of funding. Accounts are not automatically linked. Please notify your banker which account should be linked. To the extent the funds in your designated funding account are insufficient to cover all overdrafts in your checking account, an Overdraft Fee or Returned Item Fee may be charged for each overdraft not covered by the transfer, under the terms of the Depository Agreement for Transaction Accounts. Transfers from your savings or money market account may be subject to an excessive withdrawal fee. See Summary of Fees and Definitions for pricing.

  • There is no monthly service fee for this account.
  • If you choose to receive a monthly statement via postal mail, a statement fee of $1.50 will be assessed each month. To avoid this fee, you can turn off paper statements by logging in to Online or Mobile Banking, selecting “online only”, and accepting the Online Statements Terms and Conditions. Opting out of paper statements will terminate the mailing of your monthly statement.
Источник: https://www.bankofoklahoma.com/personal/products-and-services/personal-banking/checking-accounts/free-checking

36 Best Free Checking Accounts at U.S. Banks

It’s becoming increasingly difficult to find truly free checking accounts. At many banks, you’re now required to pay a monthly maintenance fee for the privilege of keeping your checking account open. Such fees can range from a few dollars to $20 or more, depending on the bank and other associated perks. To avoid these fees, you may need to maintain a high minimum daily balance, make regular deposits of a certain size or frequency, or execute a minimum number of transactions in a statement period.

Fortunately, it’s still possible to find free checking accounts. You just have to know where to look. Many online banks offer legitimately free, FDIC-insured (up to $250,000 per account, at least) accounts with few restrictions and plenty of sweeteners. Some even pay noticeable interest.

If you’re looking for a checking account that won’t eat away at your deposits, take a closer look at these options available to customers throughout the United States.

Best Free Checking Accounts

These are the best free checking accounts on the market today.

1. Go2bank

Go2bank Logo

Earn Up to 7% Cash Back When You Buy eGift Cards in the App1; 1% APY2 paid quarterly on Savings Up to $5,000

Go2bank stands out with an easy-to-use online bank account with a ton of attractive features:

  • An impressive yield on savings (1% APY on savings up to $5,000)
  • Up to 7% cash back on eligible electronic gift card purchases in the app
  • Payday up to two days early with ASAP Direct DepositTM3
  • The option to deposit cash at participating retail stores (fees and deposit limits may apply)
  • Up to $200 in overdraft protection with opt-in and eligible direct deposit. (Overdrafts paid at Go2bank’s discretion; terms and conditions apply.)

Plus, it’s easy to avoid the $5 monthly fee with an eligible direct deposit. Here’s what else you should know about Go2bank:

  • Minimum Deposit and Balance Requirements: None.
  • Yield: Earn 1% APY1 on savings up to $5,000.
  • Rewards and Incentives: Up to 7% cash back on eGift Card purchases1 made in the app (3% cash back on Amazon gift card purchases). Get paid up to two days early with ASAP Direct DepositTM3
  • Possible Fees: You can avoid the $5 monthly fee after you set up eligible direct deposit. A $15 fee may apply to each overdraft transaction not repaid within 24 hours of authorization of the first transaction that overdrafts the account. See other simple fees at GO2bank.com.

Learn More

1Active GO2bank account required to receive an eGift Card. eGift Card merchants subject to change
2GO2bank, Member FDIC. Interest paid quarterly on the average daily balance of savings during the quarter up to a $5,000 balance and if the account is in good standing. 1% Annual Percentage Yield (APY) as of January 2021. APY may change before or after you open an account.  The average national savings account interest rate of 0.05% is determined by the FDIC as of 12/14/20. Visit https://www.fdic.gov/regulations/resources/rates/ to learn more. Fees on your primary deposit account may reduce earnings on your savings account.
3Direct deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period. The name and Social Security number on file with your employer or benefits provider must match your GO2bank account exactly or we will decline your deposit.


2. Wealthfront

Solid Yields on All Balances

Wealthfront Logo

Wealthfront got its start as a low-cost investment management solution, but its Cash Account that offers high-interest checking is not to be overlooked. It boasts a very low minimum opening deposit (just $1), no account maintenance fees, a high (if variable) yield on all balances, and a slew of value-added features.

The most impressive is Wealthfront’s Self-Driving Money™ vision, a  money management automation tool uses rules and goals set by you to keep your financial plan on track — effortlessly routing incoming deposits to pay bills due in the coming days, keep your emergency savings funded, maintain your progress toward other savings goals, and invest for the long haul.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $1. There’s no ongoing maintenance fee.
  • Yield: Currently 0.35% APY on all balances.
  • Rewards and Incentives: Get paid up to two days early with direct deposit and enjoy seamless mobile check deposit. Put your money to work in the market within minutes when you use your Cash Account to invest in a Wealthfront Investment Account. Plus, enjoy FDIC insurance on balances up to $1 million (standard coverage tops out at $250,000); free in-network ATM access; and the ability to pay friends with apps like Cash App, Venmo, PayPal and others.
  • Possible Fees: Wealthfront doesn’t charge any account fees or overdraft fees. See disclosures for a complete accounting of possible fees.

Learn More


3. Douugh

Manage Your Money on Autopilot

Dough Logo Gradient Purple Blue Green@4x (1)

Douugh is a feature-rich money management app that dispels money woes and keeps you on top of your financial situation — however complex it happens to be. At its core is Salary Sweeper, an automated tool that works in the background to direct your income to near-term needs (your Bills Jar, which boasts its own virtual card) and longer-term savings goals (your Savings Jar, which you can divide up into single-purpose sub-jars). Douugh ensures you’re never surprised by an unpaid bill or frustrated by your lack of progress toward a longstanding financial objective.

It gets better. Because Douugh automatically diverts funds earmarked for bill payments and savings goals before they hit your account, you can rest easy in the knowledge that everything else is safe to spend on your Mastercard debit card in the here and now.

  • Minimum Deposit and Balance Requirements: There’s a no minimum opening deposit or ongoing balance requirement.
  • Account Opening Bonus: None.
  • Yield: None.
  • Mobile Features: Douugh is a mobile-first app that’s iOS- and Android-compatible. Connect your account to the Cash App, Venmo, or PayPal to easily send funds to friends, and use Apple Pay to complete transactions on the go.
  • Possible Fees: Douugh has very few fees. See terms for a complete list of possible levies.

Learn More


4. Varo Bank Account

No Account Fees

Varo Bank Logo

The Varo Bank Account is a user-friendly online checking account with no minimum deposit or balance requirements and no bank account fees. Open a Varo Savings Account and meet Varo’s three easy requirements (see below) to earn 3.00% Annual Percentage Yield* on balances up to $5,000 — one of the best online savings yields in the business.

That’s not all. If your employer or government benefits provider files to the Federal Reserve to start the direct deposit process, you could receive your funds up to 2 days early.^

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or ongoing balance requirement.
  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Annual Percentage Yield: The Varo Bank Account does not pay interest. However, when you open one and then open a Varo Savings Account, you can earn up to 3.00% APY* on your savings account balance. To earn 3.00% APY, you must meet all of the following requirements each qualifying period** – Make at least five qualifying Varo Bank Visa® Debit Card purchases and receive qualifying total direct deposits of $1,000 or more. Additionally, you will need to meet these daily balance requirements at close of business during the calendar month: Do not exceed a daily savings balance of $5,000 for the entire calendar month and keep your bank and savings account balances greater than or equal to $0.00. Otherwise, you earn 0.20% APY* on your Varo Savings Account balance.
  • Mobile Features: Varo has a fully functional mobile app and a mobile-friendly website.
  • Possible Fees: Varo has no minimum balance, funds transfer, foreign transaction, or monthly maintenance fees.

Learn More

* Varo APY is accurate as of March 23, 2021. This rate is variable and may change. No minimum balance required to open an account. Balance in the savings account must be at least $0.01 to earn interest.

**The qualifying period begins the first calendar day of the month and ends at close of business on the last business day of the month.

^ Early access to direct deposit funds depends banks that have free checking accounts the timing of the payer’s submission of deposits. Varo generally posts such deposits on the day they’re received, which may be up to two days earlier than the payer’s scheduled payment date.

Bank Account Services provided by Varo Bank, N.A. Member FDIC. Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.


5. SoFi Money

Virtually No Fees; FDIC Insurance on Balances Up to $1.5 Million

SoFi Review

SoFi Money is a powerful checking account (technically, a cash management account that’s even better than your run-of-the-mill brick-and-mortar checking product) with a solid account opening bonus that qualifies as one of the best new bank promotions on the market right now. And with virtually no fees, SoFi Money is a great choice for frugal account holders and lower-balance depositors who regularly withdraw cash at the ATM.

If you’re in the market for affordable credit and your credit score is very solid, don’t miss SoFi’s student loan refinancing, personal loans, home loans, and other credit products.

  • Minimum Deposit and Balance Requirements: None.
  • Yield: See SoFi’s website for the latest yields.
  • Rewards and Incentives: Sign up for SoFi Money and add $100 to your account to get a $25 account opening bonus. Then, set up a direct deposit of at least $500 to get another $75 bonus (terms apply). Plus, SoFi members enjoy rate discounts on other SoFi products, customized financial planning, free P2P transfers, and member-exclusive offers from SoFi partners. And SoFi has a great referral program that promises up to $310 per successful referral.
  • Possible Fees: Virtually none. See SoFi Money’s account disclosures for more details.

Apply Now


6. Aspiration Spend & Save Account

Aspiration Logo

Aspiration offers an innovative cash management account known as the Aspiration Spend & Save Account. Spend & Save Account deposits are always fossil fuel-free, meaning they won’t go to fund oil pipelines or drilling. And they’re FDIC-insured up to $2 million per depositor when swept to FDIC member institutions (for details on FDIC insurance with Aspiration, see Aspiration’s FAQ and visit the FDIC’s website).

  • Minimum Deposit and Balance Requirements: None.
  • Yield: Earn up to 1.00% APY* on Save account balance after you upgrade to Aspiration Plus ($3.99 per month or $44.99 per year).
  • Rewards and Incentives: Enjoy free ATM withdrawals at over 55,000 ATMs in the Allpoint Network. Earn up to 5% cash back at Conscience Coalition merchants (up to 10% after you upgrade to Aspiration Plus). Plus, when you spend at least $1,000 in cumulative debit card transactions within 60 days of opening your Aspiration Spend & Save Account, you’ll earn a $100 bonus. Terms apply.
  • Possible Fees: You choose your account maintenance fee, even if it’s zero. See Aspiration’s website for a complete list of possible fees and expenses.

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* The Annual Percentage Yield (“APY”) associated with the Aspiration Spend & Save Account is available only to customers enrolled in Aspiration Plus. APY is variable and accurate as of May 27, 2020. Rates may be changed from time to time without notice. To earn 1.00% APY interest on Aspiration Save Account balances up to and including $10,000.00 in any calendar month, customer must be enrolled in Aspiration Plus and spend $1,000 or more, monthly, with their Aspiration debit card. Balances over $10,000.00 will earn 0.10% APY. If the requirements are not met each month, the APY will be 0.25% on Save Account balances up to and including $10,000.00. Balances over $10,000.00 will earn 0.10% APY. Minimum deposit required to open an Aspiration Save Account is $10.00. Enrollment fee and Pay What Is Fair fees debited directly from the Aspiration Save Account could reduce earnings. Customers not enrolled in Aspiration Plus will not earn interest.  For more information, click here.


7. Huntington Bank Asterisk-Free Checking®

Huntington Bank Logo

Limited-Time Offer: $150 Account Opening Bonus With Qualifying Activities

Huntington Bank Asterisk-Free Checking® is a maintenance-fee-free checking account with no minimum deposit or balance requirements. It’s a perfect first checking account that includes all the benefits seasoned Huntington Bank customers expect: tracking tools for day-to-day spending and financial goals (The Hub), 24-Hour Grace® (extra time to deposit funds to avoid an overdraft fee), online bill pay, and more.

  • Minimum Deposit and Balance Requirements: Huntington Bank Asterisk-Free Checking® does not require a minimum opening deposit or ongoing balance.
  • Account Opening Bonus: Open a Huntington Asterisk-Free Checking® account between June 1, 2021, and Oct. 7, 2021, and earn $150 when you make cumulative new money deposits of at least $1,000 within 60 days of account opening and keep your account open for a minimum of 90 days. You should receive the bonus in your new account within 14 days of completing these qualifying activities.
  • Yield: None.
  • Rewards and Incentives: Huntington Bank waives fees and minimum balance requirements on Premier Savings accounts for customers who also have Huntington checking accounts. Otherwise, the Premier Savings account has a $4 monthly maintenance fee with an average daily balance of $300.

Account available to residents of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin

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8. Copper Banking

A Banking Solution Built for Teens

Copper.purple

Copper is a banking solution built for teens and their parents. The Copper app and debit card teaches teens how to make smart financial decisions by creating a platform for parents and teens to connect and learn together.

Use the Copper debit card to shop everywhere and withdraw cash for free at over 55,000 ATMS. The Copper App allows you to monitor spending and instantly send money in seconds. Features like Automatic Saving teaches teens strong financial habits by automatically set aside a portion of the money they make for savings. Copper uses secure encryption and authentication to protect your account and all Copper Accounts are insured up to $250,000 through Evolve Bank & Trust.

  • Minimum Deposit and Balance Requirements: The minimum initial load is $10. There’s no maintenance fee or ongoing minimum balance requirement.
  • Yield: None.
  • Rewards and Incentives: Get $3 for each successful referral. See terms and conditions for details.
  • Possible Fees: Copper doesn’t charge overdraft fees, period. See terms and conditions for more information about possible fees.

Learn More


9. First Citizens Bank Free Checking

First Citizens Bank Logo

Low Minimums and Great Mobile Features

First Citizens Bank Free Checking* is a mobile-friendly checking account with a low minimum opening balance requirement (just $50) and no ongoing minimums thereafter. Link your account to a First Citizens Bank Online Savings account to ensure overdraft protection.

First Citizens Bank Free Checking is available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV and WI.

  • Minimum Deposit and Balance Requirements: $50 to open an account, then no minimum balance thereafter.
  • Mobile Features: P2P transfers with Zelle®+, mobile check deposit, mobile bill pay, mobile account alerts.
  • Possible Fees: *Free Checking is only free if you sign up for electronic statements. You can open your account with as little as $50. There’s no minimum balance requirement moving forward.

Learn More

*Paperless statements are required. To be eligible for Free Checking, you must sign up to receive First Citizens paperless statements within 60 days of account opening. If you do not sign up and receive paperless statements, your account will be converted automatically and without prior notice to you to a Select Checking account and will be subject to the fees and charges applicable to a Select Checking account. The applicable fees and charges will be debited from your account without further notice to you and will appear on your account statement. If you overdraw your account, fees may apply.

+Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license.


10. First National Bank Freestyle Checking 

First National Bank

Free Checking With No Minimum Balance Requirements & Enhanced Debit Card Security

First National Bank’s Freestyle Checking is a totally free online checking account with no minimum balance requirements, no monthly service charge, and unlimited check writing.

Freestyle Checking is much more than your basic free checking account though. With free Mobile Banking featuring CardGuard™ FNB makes it easy to lock your free debit card with a few taps or clicks if it’s misplaced — and unlock it if you find it again. It boasts an array of mobile-friendly features, including free mobile check deposit. And its debit card integrates seamlessly with mobile payment apps like Apple Pay®, Samsung Pay®, or Google Pay™.

  • Minimum Deposit and Balance Requirements: There’s no minimum deposit or balance requirement, and you’ll never pay a monthly service charge.
  • Rewards and Incentives: Take advantage of fast and free online banking, mobile banking, and telephone banking1. Enjoy convenient deposits and surcharge-free withdrawals at FNB ATMs in the eastern U.S. Send and receive money quickly and easily with Zelle® — funds typically deposited within minutes7.
  • Mobile Features: Freestyle Checking has a full range of mobile banking features, including mobile check deposits, custom alerts, funds transfers, CardGuard™ and more.
  • Possible Fees: Avoid a paper statement fee when you sign up for online statements2.

Learn More


1Online Banking, Bill Pay, Mobile Banking and Telephone Banking are free to customers with an eligible account; however, there may be a fee for certain optional services. Mobile data and carrier fees may apply. 

2There may be a fee for paper statements which you can avoid by signing up for electronic delivery of your monthly td bank change billing address statement.

7To receive money in minutes, the recipient’s email address or U.S. mobile number must already be enrolled with Zelle. Zelle and the Zelle related marks are wholly owned by Early Warning Services, LLC and are used herein under license. 

Member FDIC

11. Chime Deposit Account

Get Paid 2 Days Early With Direct Deposit; No Monthly Fees

Chime Bank Account

Chime is a mobile-first banking app that merges the low cost of online checking and savings accounts with the convenience of truly on-the-go banking. The headline here is Chime’s promise – subject to the policies of payers and their banks – that its Deposit Account (checking) customers get paid two days faster with direct deposit. If you’re accustomed to Friday paydays but could really use the money on Wednesday, the Chime Deposit Account may be the free checking account you’ve been waiting for.

Speaking of free: Chime has no monthly fees, save for a $2.50 over-the-counter cash withdrawal charge that’s easily avoided when you use one of the bank’s 38,000 fee-free ATMs. Add in an automatic savings option that rounds up the change on every debit card transaction, and you’ve got a serious contender on your hands.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance.
  • Account Opening Bonus: None.
  • Yield: None, but Chime’s high yield savings account has a nice yield on all balances above $0.01 with no minimum deposit or balance requirements.
  • Rewards and Incentives: Chime charges virtually no fees. Under normal circumstances, you won’t pay a dime to use your account.
  • Mobile Features: Mobile check deposit, fee-free P2P transfers, fee-free electronic bill pay, mobile payment app compatibility (Apple Pay, Samsung Pay, and Google Pay). The mobile app is Android- and iPhone-compatible.
  • Overdraft Options: Chime does not offer overdraft protection. Under normal circumstances, transactions that would result in a negative account balance are automatically declined. Chime deals with special cases that unavoidably result in negative balances, such as pay-at-the-pump gas transactions, on a case-by-case basis.
  • Possible Fees: Over-the-counter cash withdrawal.

Learn More

Chime is a banks that have free checking accounts technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.


12. CIT Bank Savings Connect

Up to 0.50% APY on Savings Connect Balances With Qualifying Monthly Electronic Payment Into a Linked eChecking Account

Cit Bank Logo

CIT Bank’s Savings Connect is a bundled account package featuring a high-yield checking account (eChecking) and a high-yield savings account (Savings Connect) with one of the category’s best yields. To earn the best yield (upper tier yield) on Savings Connect balances (currently 0.50% APY on all balances), simply execute a monthly $200 electronic payment (deposit) into your linked eChecking account. You’ll earn the upper tier yield every month you pull this off.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $100.
  • Yield: Earn up to 0.50% APY on all Savings Connect balances with a monthly $200 electronic payment (deposit) into your linked eChecking account.
  • Rewards and Incentives: Set up a CIT Bank savings account as a tax-advantaged custodial account. You’ll have control over it until the minor named on the account reaches age 21, after which ownership reverts to them.
  • Possible Fees: CIT Bank doesn’t charge a monthly maintenance fee or excess transaction fee on Savings Connect accounts. 

Learn More


13. Current

No Overdraft Fees or Hidden Fees

Current Logo

Current is a mobile-first banking solution built around a user-friendly personal checking account with a Visa debit card accepted by millions of merchants worldwide. Basic checking is always free, with features including:

  • Mobile check deposit through the Current app and low-friction cash deposits at more than 60,000 stores
  • No overdraft fees
  • One Savings Pod to set aside funds for a specific goal
  • Fee-free ATM withdrawals at more than 55,000 ATMs
  • Instant purchase notifications

Upgrade to Premium to get more features:

  • Faster payday (up to two days faster) for account holders with qualifying direct deposit payers
  • Overdraft up to $100 for free when you need it – purchases are covered up to $100 if your balance is low
  • Instant, 100% free money transfers
  • Instant gas hold refunds — no more waiting weeks for fuel merchants to release your funds
  • Up to three Savings Pods 
  • Up to 15x points (cash back) on purchases with participating merchants
  • Powerful money management tools, including instant spending insights

Current also has a suite of parent- and teen-friendly features that make it a perfect first banking app for older kids. Parents can set spending limits, block specific merchants, and keep tabs on kids’ spending, all right within the app.

  • Minimum Deposit and Balance Requirements: Banks that have free checking accounts no minimum opening deposit, ongoing balance requirement, or maintenance fee for checking customers.
  • Yield: None.
  • Rewards and Incentives: Premium checking account holders enjoy up to 15x points on purchases with select merchants and instant gas hold refunds in any amount.
  • Possible Fees: The Premium checking account has a monthly fee of $4.99 after a 30 day free trial

Learn More


14. Qube Money

Effortless Banking and Budgeting in One App

Thee Qube Money Logo

Tired of doing your banking and budgeting in separate apps? Ready to stop overspending once and for all without drastically changing your lifestyle?

Qube Money could have the answers. A digital envelope budgeting app built around a free, mobile-friendly checking account and debit card, Qube Money brings order to your finances and controls your spending without forcing you to do without.

Qube Money’s magic lies in its qubes — basically, digital envelopes holding funds earmarked for specific purchase categories, like utilities and food. Qube Basic, the free plan, allows up to 10 cubes. When you’re ready to make a purchase, simply open up the corresponding category’s qube and swipe, tap, or enter your Qube Money card. Then, close up your qube, ensuring you don’t accidentally spend more chase bank bank name you should.

Qube Money has some additional benefits worth writing home about, like early payday (up to two days) with qualifying payers and seamless integration with Apple Pay and Google Pay. Use it on Android, iPhone, or your personal computer.

  • Minimum Deposit and Balance Requirements: There are no minimum opening deposits or monthly balance requirements.
  • Rewards and Incentives: Enjoy free P2P transfers to other Qube users, early payday (up to two days early with qualifying payers), and seamless integration with Apple Pay and Google Pay.
  • Mobile Features: Qube is a mobile-first platform that’s Android and iPhone compatible.
  • Possible Fees: Qube Basic is free to use. To access a wider range of features and capabilities, upgrade to Qube Premium (unlimited qubes, subscription controls, and joint accounts with partner notifications) or Qube Family (up to 10 kids’ accounts with kid cards, parent view, chore tracking, and more).

Learn More


15. OnJuno Metal

1.20% Yearly Bonus on Balances Up to $50,000; 5% Yearly Cashbacks on Spends Up to $3,000 With 5 Brands of Your Choice

Onjuno Logo

OnJuno Metal is a premium checking account that also happens to be totally free with a qualifying direct deposit of $500 or more. Highlights include a 1.20% yearly bonus on account balances up to $50,000, 5% yearly cashbacks on spends up to $3,000 with 5 brands of your choice, and an instant virtual debit card upon approval. Plus, enjoy the convenience of contactless mobile payments through Apple Pay, Google Pay, and Samsung Pay.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit or ongoing balance required.
  • Yield: Get a 1.20% yearly bonus on account balances up to $50,000.
  • Rewards and Incentives: OnJuno Metal members enjoy 5% yearly cashbacks on spends up to $3,000 with 5 brands of your choice, including Uber and Walmart. Plus, enjoy no fee for cash withdrawals at more than 85,000 in-network ATMs and 3 free out-of-network ATM withdrawals each month.
  • Possible Fees: OnJuno Metal does not charge maintenance fees. See disclosures for a complete accounting of possible fees.

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16. OnJuno Basic

1.20% Yearly Bonus on Balances Up to $5,000; 5% Yearly Cashbacks on Spends Up to $500

Onjuno Logo

OnJuno Basic is an entry-level alternative to OnJuno Metal, with a less generous but still enticing mix of perks and benefits. There’s no direct deposit requirement to avoid the monthly maintenance fee, the 1.20% yearly bonus still applies on balances up to $5,000, and 5% yearly cashbacks accrue on eligible spends up to $500. 

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit or ongoing balance required.
  • Yield: Earn a 1.20% yearly bonus on account balances up to $5,000.
  • Rewards and Incentives: Get 5% yearly cashbacks on spends up to $500 with 5 brands of your choice and enjoy access to OnJuno’s expansive fee-free ATM network with one free out-of-network ATM withdrawal each month.
  • Possible Fees: OnJuno Basic never charges maintenance fees. See disclosures for a complete accounting of possible fees.

Learn More


17. Cheese

Up to 3% Deposit Bonus & 10% Cash Back at 10,000 Stores

5d58e3a61e1398dc531ef633 Fulllogo Onlightbackground

Cheese is a cutting-edge digital banking solution designed for Asian communities. In partnership with Coastal Community Bank, Cheese offers a host of financial and social incentives that competing banks simply can’t match:

  • Up to 10% cash back with select merchants
  • Up to 3% deposit bonus, depending on prevailing interest rates
  • A $10 donation for every new signup (up to $100,000 total) to Asian charities and nonprofits

Cheese also offers convenient, money-saving benefits like early payday (up to two days early with qualifying payers), one-click card freezes for cases of suspected fraud, and reliable bilingual support (English and Chinese with more languages coming soon).

  • Minimum Deposit and Balance Requirements: There’s no minimum balance or monthly maintenance fee.
  • Account Opening Bonus: Cheese donates $10 to Asian charities and nonprofits (up to $100,000 total) for every new signup.
  • Yield: Up to 3% deposit bonus, depending on prevailing rates.
  • Rewards and Incentives: Earn up to 10% cash back with select merchants (or simply earn the banks that have free checking accounts cash back rate of 0.25%, capped at $10 per day). Plus, get paid up to two days early with qualifying payers.
  • Mobile Features: Cheese is a mobile-first platform with full small-screen functionality.
  • Possible Fees: See terms for a complete accounting of Cheese’s possible fees.

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18. FNBO Direct Online Checking Account

Competitive Yields on All Checking Account Balances

fnbo direct logo

The FNBO Direct Online Checking account is a straightforward product that pays an attractive yield on all balances above $0.01 and boasts a negligible minimum opening deposit ($1). Despite its no-frills appearance, this account has a nice mobile platform that lets you send money directly to friends and family at no charge.

FNBO does have some drawbacks: no reimbursement for out-of-network ATM fees and hefty daily overdraft fees.

  • Minimum Deposit and Balance Requirements: There’s a minimum opening deposit amount of $1 and a minimum balance of $0.01 required to earn APY.
  • Account Opening Bonus: None.
  • Yield: This account yields 0.15% APY on all balances above $0.01.
  • Rewards and Incentives: FNBO Direct doesn’t charge its own ATM withdrawal fees. However, it never reimburses ATM withdrawal fees charged by other banks.
  • Mobile Features: Bill pay and send money to a friend using the Popmoney app. The account is Android and iPhone compatible.
  • Overdraft Options: You can opt in to an overdraft protection program that charges a relatively high one-time fee per transaction, limit 4 per day. FNBO Direct waives this fee for 1 overdraft per calendar year. If you don’t opt in, you can’t make transactions that would result in an overdraft.
  • Possible Fees: Outgoing wires, cashiers checks.

19. Lili

Totally Free Checking With Automatic Tax Savings and Financial Insights

Lili Logo

The Lili Account is a free checking account designed for freelancers, side hustlers, and solo professionals. With tools that simplify and automate tax savings, early payday for qualifying account holders with direct deposit (up to 2 days early), cash deposits at 90,000 U.S. retail locations, an “emergency bucket” feature that enables savings transfers as low as $1 per day, real-time activity alerts, instant expense categorization, and tons of other value-added features, it’s the only bank account you’ll need as a one-person operation — no more separate accounts for business and personal needs. That’s a rare find in a banking industry rife with mediocrity.

  • Minimum Deposit and Balance Requirements: Lili doesn’t have minimum balance or deposit requirements and doesn’t charge account fees.
  • Yield: Lili doesn’t pay interest. Check back often for the banks that have free checking accounts offers.
  • Rewards and Incentives: Lili’s referral program pays $25 per successful referral and promises a bonus of $1,000 when you deliver 10 successful referrals to Lili. Plus, Lili makes it easy to set aside funds earmarked for tax payments, has helpful expense management and categorization tools (like quarterly expense reports), promises an early payday for account holders with direct deposit (up to 2 days early), and delivers real-time alerts about transactions and other account activities.
  • Possible Fees: Lili does not charge account fees.

Learn More


20. Betterment Checking

Betterment Logo

Backed by one of the most innovative names in digital investing, Betterment Checking delivers a seamless, mobile-first experience with no minimums and virtually no fees. Highlights include unlimited, automatic ATM fee reimbursements at all Visa-accepting machines worldwide; a potentially generous rewards program (Betterment Cash Back Rewards); and a slew of mobile-friendly features and capabilities. Link your Betterment Checking account to an interest-bearing Betterment Cash Reserve cash management account to take advantage of Betterment’s Two Way Sweep feature and maximize your return on excess cash.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance.
  • Account Opening Bonus: None.
  • Yield: None, but the Betterment Cash Reserve cash management account earns 0.10% APY on all balances (subject to the $10 minimum deposit requirement).
  • Rewards and Incentives: Enjoy potentially generous rewards with select partner merchants through Betterment Cash Back Rewards. Plus, get automatic ATM transaction fee reimbursements at nearly 3 million Visa-accepting machines worldwide and unlimited reimbursement of Visa’s 1% foreign transaction fee on all international transactions and purchases.
  • Mobile Features: Seamless transfers between Betterment accounts, automatic two-way cash sweep (Two Way Sweep), tap-to-pay debit card, and mobile check deposit (coming soon). The mobile app is Android- and iPhone-compatible.
  • Overdraft Options: Betterment Checking never charges overdraft fees.
  • Possible Fees: See Betterment’s website for a complete list of possible fees.

Learn More


21. Novo Business Checking Account

Thousands of Dollars in Perks

Novo B

Novo offers a free business checking account that’s light-years ahead of any of the big banks’ small checking products. Its fee-free business banking experience is basically unheard of these days, and no minimum or maximum deposits sweeten the deal even more. Note the growing list of app integrations, including Slack (a leading workplace collaboration tool) and Xero (an accounting solution for small businesses).

  • Minimum Deposit and Balance Requirements: There’s no official minimum to open your account, but you’ll need to make a $50 deposit (which remains in your control) to activate Novo’s features.
  • Account Opening Bonus: None
  • Annual Percentage Yield: Novo’s checking account doesn’t pay interest.
  • Rewards and Incentives: Novo integrates with a number of other small business tools, such as Slack and Xero, and boasts exclusive perks worth thousands of dollars in potential value.
  • Mobile Features: Novo has a fully functional mobile app and a mobile-friendly website.
  • Overdraft Options: Novo doesn’t offer a formal overdraft protection plan. However, the bank takes steps to minimize overdrafts and will pay items for which there’s an insufficient balance as necessary. It may charge a fee for these payments.
  • Possible Fees: See terms and conditions for details.

Learn More


22. TD Bank Convenience Checking

Student-Friendly Account With Preferred Loan Rates

td bank

TD Bank’s Convenience Checking account isn’t technically free, but the $100 minimum daily balance required to avoid the $15 monthly maintenance fee is low enough to render it functionally so.

Convenience Checking is an even better deal for students, who pay no monthly maintenance fees – regardless of balance – until they turn 24, and get a pass on monthly maintenance fees for any linked TD Bank savings account to boot. All customers enjoy choice perks like discounts on certain TD Bank credit products and lightning-fast money transfers courtesy of Zelle.

  • Minimum Deposit and Balance Requirements: You need to maintain a $100 minimum daily balance to avoid the $15 monthly maintenance fee.
  • Account Opening Bonus: Earn $150 when you receive direct deposits totaling $500 or more within 60 days.
  • Yield: None.
  • Rewards and Incentives: TD Convenience Checking customers may qualify for a rate discount of 0.25% on home equity lines of credit and unsecured personal loans originated by TD Bank. Separately, the monthly maintenance fee is always waived for students ages 17 to 23, regardless of account balance. All customers enjoy free access to TD Bank ATMs.
  • Mobile Features: TD Bank has a fully functional mobile app and mobile-responsive website.
  • Possible Fees: Check TD Bank’s disclosure agreement for a full, up-to-date list of potential account fees.

Learn More


23. Quontic High Interest Checking

Excellent Yields on Checking Balances With Qualifying Monthly Transaction Activity

Quontic High Interest Checking makes it easy to earn category-leading interest on eligible checking account balances. Simply open your account with at least $100 to start and meet the transaction requirement: at least 10 qualifying debit card point-of-sale transactions of $10 or more per statement cycle.

  • Minimum Deposit and Balance Requirements: The minimum opening deposit is $100. There’s no monthly service fee.
  • Account Opening Bonus: None.
  • Yield: Earn interest based on your balance tier in any statement cycle where you meet the transaction requirement: 10 qualifying debit card point-of-sale transactions of $10 or more during the statement cycle. In statement cycles where you don’t meet the transaction requirement, you’ll earn 0.01% APY. Earn 1.01% APY on balances up to $150,000 and 0.35% APY on balances between $150,000.01 and $1,000,000.
  • Rewards and Incentives: Pay no ATM fees when you use your debit card at ATMs in the AllPoint®, MoneyPass®, and SUM® networks, or at Citibank® ATMs located in Target, Speedway, Walgreens, CVS, Kroger, Safeway, Winn Dixie, or Circle K.
  • Mobile Features: Quontic’s mobile app offers seamless mobile check deposits, online bill pay, P2P transfers, receipt tracking, and more.
  • Overdraft Options: See terms and conditions for details about Quontic Bank’s overdraft protection options.
  • Possible Fees: See terms and conditions for details about possible account fees.

Learn More


24. LendingClub Bank Rewards Checking

1% Cash Back on Signature-Based Transactions; Yields Up to 0.15% APY

LendingClub Bank has a great checking product: Rewards Checking.

The headline here is twofold: an unlimited, category-leading 1% cash back reward on online and signature-based debit card transactions – transactions made when you select “Credit” at the point of sale – and yields up to 0.15% APY for high-balance accounts.

To qualify for cash back, you’ll need to maintain a minimum account balance of $2,500 or receive at least $2,500 in qualifying direct deposits each month.

Rewards Checking has no hidden fees, and direct deposit recipients get paid up to two days early.

  • Minimum Deposit and Balance Requirements: Once you make the $100 minimum opening deposit, there’s no minimum daily balance requirement to worry about.
  • Account Opening Bonus: None.
  • Yield: Earn 0.10% APY on balances between $2,500 and $99,999, and 0.15% APY on balances above $100,000.
  • Rewards and Incentives: Earn unlimited 1% cash back on online and signature-based debit card transactions (select “Credit” at the point of sale). To qualify for rewards, you’ll need to do one of the following: 1) Receive direct deposit into your account from a qualifying source of income (usually an employer or government benefits provider) totaling $2,500 or more; or 2) Maintain an average balance of $2,500 or more in your Rewards Checking account. Separately, you may receive direct deposits up to two days early.
  • Mobile Features: Mobile check deposits, bill pay, P2P transfers (send money to friends), mobile wallet and account link functionality, and a card management app.
  • Overdraft Options: Check your account’s terms and conditions document for details about LendingClub Bank’s optional overdraft protection service. Check terms and conditions for the latest information.
  • Possible Fees: See LendingClub Bank’s terms and conditions for details about possible account fees.

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25. Umpqua Bank Embark Checking

Complimentary Savings Account & Generous ATM Reimbursement

Umpqua Bank

Umpqua Bank’s Embark Checking account is basically a two-for-one account deal: When you make at least one transfer from your Embark Checking account into your Grow Savings account, Umpqua waives the savings account’s maintenance fee – and your money grows faster than it would sitting in your checking account.

With no monthly maintenance fees and low initial deposit requirements, Embark is a great account in its own right. Maintain a balance of at least $2,500 to qualify for $10 in monthly ATM rebates.

  • Minimum Deposit and Balance Requirements: You need $25 to open an Embark Checking account. There’s no minimum daily balance requirement thereafter, but you’ll need to maintain an average daily balance of at least $2,500 to qualify for $10 in ATM reimbursements each month.
  • Account Opening Bonus: None.
  • Yield: None.
  • Rewards and Incentives: Umpqua Bank reimburses the first $10 in ATM fees each month when you maintain an average minimum daily balance of $2,500 during the period. The Go-To app provides on-the-go financial advice from your mobile device. and offers unlimited reimbursements for all U.S. ATM fees. And you’ll enjoy a complimentary Grow Savings account (with no monthly maintenance charge) when you complete at least one qualifying monthly transfer from your Embark Checking account.
  • Mobile Features: The account is Android and iPhone compatible and boasts a full range of mobile features.
  • Overdraft Options: You can opt into a paid overdraft program that charges a hefty fee per occurrence (equal to the NSF fee for declined transactions). To reduce this charge, you can opt into Umpqua’s overdraft transfer program, which automatically transfers funds in $100 increments from a linked savings account, money market account, checking account, or line of credit, subject to a lower fee per occurrence.
  • Possible Fees: Stop payment, paper statements, dormant account.

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26. M1 Spend

1.5% APY and 1% Cash Back on Debit Card Purchases With M1 Plus

m1 Finance

M1 Spend is M1 Finance’s free checking product. Technically, it’s a cash management account tied to M1 Finance’s core product, a low-cost automated investing platform. But, with a debit card accepted at millions of locations worldwide and no account minimums, it can easily replace your current checking account.

M1 Spend is free to use and never charges monthly maintenance fees. Spend $125 to upgrade to M1 Plus and get 1.5% APY on all checking balances, 1% cash back on debit card purchases, and up to 4 ATM fee reimbursements per month.

  • Minimum Deposit and Balance Requirements: There’s no minimum opening deposit and no minimum daily balance requirement.
  • Account Opening Bonus: There’s currently no account opening bonus. Check back for the latest offers.
  • Rewards and Incentives: Upgrade to M1 Plus to earn 1.5% APY on all account balances and 1% cash back on all debit card purchases. M1 Plus members get 4 ATM fee reimbursements per month – 3 more than standard M1 members.
  • Mobile Features: M1 Spend is fully mobile compatible.
  • Overdraft Options: Refer to M1 Spend’s terms and conditions for details about overdraft protection.
  • Possible Fees: Third-party ATM fees, subject to ATM owners’ discretion.

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27. Axos Bank Rewards Checking

Tiered Yields up to 1.00%

The Axos Bank Rewards Checking account is one of several free checking options offered by the bank formerly known as Bank of Internet USA, an online banking pioneer. Rewards Checking doesn’t automatically pay interest, but you can earn a yield of up to 1.00% on your funds by meeting certain qualifications. These include using receiving monthly direct deposits at least $1,500. Basically, Axos Bank wants to be your primary checking account.

Axos Bank isn’t perfect. For instance, the bank advertises free checks with a new checking account, but you may actually need to request them when you open the account. Checks might not be the first thing on your mind at that time.

  • Minimum Deposit and Balance Requirements: You need $50 to open a Rewards Checking account, but there’s no minimum daily balance requirement once it’s open.
  • Account Opening Bonus: None.
  • Yield: Rewards Checking accounts come with a base yield of 0%. To earn 0.40% APY on balances up to $50,000 and qualify for opportunities to earn interest at even higher rates, you must receive monthly direct deposits totaling $1,500 or more. Earn an additional 0.30% APY by using your Axos Visa® Debit Card for a total of 10 transactions per month (minimum $3 per transaction) or signing up for Account Aggregation/Personal Finance Manager (PFM) in online banking. Maintain an average daily balance of $2,500 per month in an Axos Self Directed Trading Invest Account to earn another 0.10% APY, and use your Rewards Checking account to make your full monthly Axos consumer loan payment to earn a final 0.10% APY, for a grand total of 1.00% APY on balances up to $50,000.
  • Rewards and Incentives: Axos Bank offers unlimited reimbursements for all U.S. ATM fees. You also get your first 50 checks free with a Rewards Checking account if you ask for them at account opening.
  • Mobile Features: Check deposits, bill pay, send money to friends, and FinanceWorks (a budgeting tool from Quicken). The account is Android and iPhone compatible.
  • Overdraft Options: Axos Bank offers free overdraft transfers from a linked internal savings or money market account. If you don’t opt into this service, any transaction that would result in an overdraft fails.
  • Possible Fees: Debit card replacement, cashiers checks, stop payment.

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28. Nationwide Advantage Checking

Logo Nationwide Horizontal

Nationwide Advantage Checking is a high-yield checking account in the mold of Axos Bank Rewards Checking, though its highest yield tier isn’t quite as attractive as its compatriot’s. Still, with low minimums, no monthly maintenance fees, an expansive ATM network, and the opportunity to earn up to 0.90% APY (variable with prevailing rates) in any given month, Nationwide Advantage Checking bears watching.

  • Yield: The default yield on this account is 0%, but there are two higher yield tiers that each pay 0.45% with qualifying activities. Earn 0.45% in any given month when you receive direct deposits (not including intra-bank transfers from another account) totaling $1,000 or more. Earn 0.45% in any given month when you complete at least 10 point-of-sale transactions using your debit card (minimum $3 per transaction). Do both in the same month to earn 0.90% interest.
  • Minimum Deposit and Balance Requirements: The minimum account opening deposit is $50, but there’s no ongoing minimum daily balance requirement.
  • Account Opening Bonus: None.
  • Rewards and Incentives: Enjoy fee-free access to more than 80,000 in-network ATMs.
  • Mobile Features: Enjoy mobile check deposits, bill pay, P2P transfers, and more via iOS and Android-compatible mobile sites and apps.
  • Possible Fees: This account has no monthly maintenance fees or NSF transaction fees.

Learn More


29. Discover Bank Cashback Checking

1% Cash Back on Up to $3,000 in Debit Card Purchases Each Month

Discover Bank is a full-service online bank with an unusually generous, totally free checking account. The headline here is the account’s 1% cash back yield on up to $3,000 in debit card purchases each month. That adds up to as much as $30 cash back per month, or $360 cash back per year.

Discover Bank has no minimum balance requirements and boasts a pretty forgiving fee schedule with no bill pay, NSF, check reorder, replacement debit card, or bank check fees. Plus, customers have fee-free access to more than 60,000 ATMs around the U.S. – more than most competitors.

  • Minimum Deposit and Balance Requirements: There are no monthly balance or activity requirements.
  • Account Opening Bonus: None.
  • Yield: No yield, but qualifying debit card purchases earn 1% cash back on up to $3,000 spent each month. P2P transfers, third-party money market purchases, ATM transactions, and point-of-sale cash back transactions don’t earn cash back or count toward the spending cap.
  • Rewards and Incentives: Discover Bank doesn’t charge ATM fees. Checks, replacement debit cards, and a slew of other services are free.
  • Mobile Features: The account is Android and iPhone compatible, with impressive functionality across the board.
  • Overdraft Options: Discover Bank allows you to link your Discover checking account to another Discover deposit account and automatically transfer funds to cover transactions that would normally result in a negative balance. This service costs nothing.
  • Possible Fees: Discover’s deposit accounts charge very few fees, a major selling point over otherwise comparable competitors.
Источник: https://www.moneycrashers.com/best-free-checking-accounts/

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