Checking accounts are indispensable financial tools. However, nowadays, several banking institutions charge account maintenance fees that can be as much as $15 a month. Therefore, you must opt for a free checking account that does not come with rules. Here, we will look at the best free checking account options that also come with several perks, such as the ability to earn interest on your balance and out-of-network ATM reimbursements.
Top free checking accounts:
Ally Bank Interest Checking Account
This is one of the best free checking accounts that comes with zero monthly service fee, no minimum balance requirements, and up to $10 every month in ATM fee reimbursements. Just this year, the bank has also decided to waive off any overdraft fees. Also, account holders with a balance of more than $15,000 will get 0.25% APY; whereas, those with less balance still qualify for 0.1% APY.
Alliant Credit Union High-Rate Checking Account
This is one of the best checking accounts that only comes with zero monthly service fee but also up to $20 every month in ATM fee reimbursements. It has a vast network of over 80,000 ATMs and has no regulations regarding the minimum account balance. Also, any individual can easily qualify for a checking account, and no money is needed to open one.
Chase college checking account
As the name suggests, this is the best free checking account for college students. The account guarantees no monthly service fee for up to five years. Besides, it is great for those who are new to banking systems as it offers comprehensive resources to help in managing finances. Besides, the customers can even get a chance to earn $100 as they open their accounts and complete some simple qualifying activities.
Capital One 360 Checking Account
Apart from no monthly service fee, the checking account comes with no regulations regarding the minimum account balance. The banking institution has a network of over 70,000 fee-free ATMs. Also, the account can be easily operated via a mobile app with innovative features.
Schwab Bank High-Yield Investor Checking Account
Schwab Bank High-Yield Investor Checking Account also comes with zero monthly service fee and no minimum balance requirements. It is ideal for people who travel outside the country frequently, as it has no foreign transaction fees. Also, you can get unlimited ATM rebates for cash withdrawals in any part of the world.
It is advisable to select the best free checking account to save on monthly service fees and enjoy excellent banking facilities.