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Home › Credit Cards › The 10 Best Free Bank Accounts

The 10 Best Free Bank Accounts

By Staff WriterLast Updated April 2, 2020
CC0/kscheider2991/Pixabay

A checking account is the most basic personal finance tool. It's a place to keep your
money safe and track how much you spend it. If you're watching your pennies and
sticking to a budget, it doesn't make sense to pay for the privilege of keeping your
money in the bank. Stop giving your hard-earned cash away to the bank and look for a
no-fees bank account. These bank accounts offer the services you need at no cost.

Ally Bank
Put your money to work in Ally Bank's Interest Checking Account with a generous
APY of .6 percent. This personal bank account has no monthly maintenance fees and
comes with standard features like online bill pay and a debit MasterCard. You also
enjoy 24/7 live customer service, online and mobile banking and access to your
money through Allpoint ATMs.

CC0/rawpixel/Pexels

Axos Bank
Based in San Diego, California, Axos Bank offers its services across the United
States. Its Essential Checking account is a fee-free option for anyone who doesn't
want to pay for the privilege of having an account. It comes with online bill pay and
mobile deposit services. You also receive ATM fee reimbursements when you use
non-network ATMs.
CC0/3dman_eu/Pixabay
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BBVA Compass
You can open a free bank account with the ClearChoice Free Checking account at
BBVA Compass for as little as $25. This full-service account offers the options you
expect with any checking account, including online bill pay and deposit. You also
have the ability to customize the account with additional services and get
customizable alerts about what's going on with your account.
CC0/Negative Space/Pexels

Capital Bank
If you prefer banking with a more traditional bank, consider Capital Bank's Express
Checking account. There's no maintenance fee as long you have a direct deposit
coming in each month. You also have access to digital banking services and online
bill pay. It takes just a few minutes to apply for a bank account online and get a
response.
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CC0/rawpixel/Pixabay

Capital One
Not only is Capital One's 360 Checking account completely fee free, but it also earns
interest. There are no minimum balance requirements, and you can access your money
through one of the more than 39,000 free ATMs across the country. You can also set
up transfers between your accounts at Capital One and other banks for no additional
charges.

CC BY-SA 4.0/Tdorante10/Wikimedia Commons

Chime Bank
Chime Bank's fee-free checking account offers more than checking services. Sign up
for the automatic savings program that deposits 10 percent of your paycheck into your
savings account each time you get paid. You also get real-time alerts for all
transactions. All of this takes place in the bank's award-winning mobile app that
makes banking a breeze.
CC0/rawpixel/Pexels

First Citizens Bank

You can open a free checking account at this North Carolina-based bank with a $50
initial deposit. The account comes with access to the bank's digital banking service
where you can manage your accounts and budgets. You have access to 475 ATMs in
the southeast and additional services like a Together Account, which is designed for
teens.
Frank Hebbert/CC BY 2.0/Flicker

First Internet Bank

Originally named First Interest Bank of Indiana, First Internet Bank offers a
completely free checking account for those who want a no-frills banking option. The
account includes a free order of checks as well as access to statement and check
copies for one year. You also receive a reimbursement for ATM fees up to $10 each
month.
CC0/rawpixel/Pexels
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