Last Updated on November 17, 2022 by admin
Banks in United states believe customers are required to pay a monthly maintenance fees range from a few dollars to $20 or more, for the privilege of keeping your checking account open. Some ask you to maintain a minimum balance while some to deposit certain minimum amount
Checking account involve fees, or maintaining outrageously high balances to keep the fees waived. Most of the customers do not want to pay monthly fee so many banks and credit unions trick them by waiving the fee provided they fulfill certain criteria which the bank knows that some customers at least for sure will pay the fee for some months in a year.
Read: Top 16 largest Banks in United States
This article will address list of free checking accounts in united states available to customers
1. Discover Bank
2. Axos Bank
3. Capital One Bank
4. Chime Free Checking
5.USAA Bank
6.GO2bank
7.Ally Bank
8.Bank 5 Connect
9.Bank of Internet USA
10.Charles Schwab Bank
11. Simple Bank
12.FNBO Bank
13.First Internet Bank
14. BBVA Free Checking
15.Varo
16. Nationwide Advantage Checking
17. Bank of America Advantage Plus Banking
18. Wealthfront Cash Account
19.Radius Rewards Checking
20. Huntington Bank Asterisk-Free Checking
21.CIT Bank Savings Connect
22. FNBO Direct Online Checking Account
23. Novo Business Checking Account
24. TD Bank Convenience Checking
25. Umpqua Bank Embark Checking
26. Nationwide Advantage Checking
27. Independent Bank Free Rewards Checking
28.eOne Checking by Salem Five Direct
29. Betterment Checking
30. SoFi Money
31. Copper Banking
1. Discover Bank
Discover bank’s cashback checking account has over 60,000+ ATMs,it allows customers to earn up to 1% cash back on up to $3,000 in debit card purchases every month.The checking account is free with no minimum deposit, no monthly fee, no hidden fee. It has Online, Mobile Applications and Offline paper check.
Read: List of Banks in United states of America,Banks in USA
2. Axos Bank
Axos Rewards Checking has no minimum balance requirements, no monthly fees, and no overdraft or insufficient fund fees. It does require that you have good banking history to get approved and you can earn up to 1.25% APY
3. Capital One Bank
Capital One Bank offer free checking account known as “Capital One 360 Checking”It’s absolute free with no opening charges, no monthly fee, tiered APY. 360 Checking’s mobile app is among the best in the business, with intuitive mobile check deposit, an interactive ATM finder, seamless person-to-person money transfers.
4. Chime Free Checking
Chime has no physical locations, and all of their banking is done online – in the app.It has No Minimum Opening Deposit with zero Balance Requirement, No Monthly Fee, available Nationwide
5. USAA Bank
The United Services Automobile Association provide a free checking account which has no monthly fee, no minimum balance, overdraft protection.It also has Free debit card, Check deposits by mobile.
6.GO2bank
This a mobile bank created by Green Dot Corp. Rewards and Incentives: Up to 7% cash back on eGift Card purchases made in the app (3% cash back on Amazon gift card purchases)
The account has a $5 monthly fee, but it’s easily waived if you receive an eligible direct deposit payment during the previous monthly statement period.
7.Ally Bank
The free online checking account has no deposit, no monthly fee, no hidden charges and no out of network ATM fee.They offer online banking, android, iOS that allows mobile check deposit.
Read: List of banks in Alabama United states
8.Bank 5 Connect
The online bank for checking, savings and CD has No minimum deposit, No monthly fee.their mobile app is use for Check deposits
9.Bank of Internet USA
The bank checking account requires $100 to open a checking account. Though,no monthly fee, no minimum balance to maintained, no hidden charges and no overdraft
10. BBVA Free Checking
BBVA offer nationwide free checking with minimum opening deposit of just $25. The bank has multiple overdraft options. The default option is no overdraft protection
11. Bank of America Advantage Plus Banking
The Bank of America Advantage Plus Banking has a $12 per month maintenance fee that’s easily waived if you simply do ONE of the following:
1. Be an eligible student under 24
2. Have at least one qualifying direct deposits totaling $250 or more into your account, each statement cycle
3. Maintain a minimum daily balance of $1,500 each statement cycle
12. Wealthfront Cash Account
The minimum opening deposit in Wealthfront Cash Account is $1. There’s no ongoing maintenance fee. It currently pays 0.10% APY and it provides no account fee banking for all of your spending
13. TD Bank Convenience Checking
TD Bank Convenience Checking has Minimum Deposit and Balance Requirements, You need to maintain a $100 minimum daily balance to avoid the $15 monthly maintenance fee.
Customers may qualify for a rate discount of 0.25% on home equity lines of credit and unsecured personal loans originated by TD Bank.
14. Varo
The online bank has no minimum balance requirements, no monthly fees, and earns interest and it available Nationwide
15. Radius Rewards Checking
Radius Rewards Checking has mobile friendly and mobile check deposits. Customers earns a solid interest rate on their money in the account. You must maintain a $2,500 minimum average balance in the account OR $2,500 in direct deposits per month to earn interest
The Yield: Earn 0.10% APY on balances between $2,500 and $99,999, and 0.15% APY on balances above $100,000.