Many banks today are offering checking accounts without any fees, allowing you to benefit from free services and no interest rates. With the abundance of these banks, banking doesn’t have to drain your wallet.
A plethora of banks are offering services without charging you. These banks boast expansive ATM networks, robust apps, and enticing reward schemes. Here’s a quick look at some top-notch free checking accounts.
Bank of America – Avail Cash Bonus
I primarily bank with Bank of America due to its widespread presence and numerous ATMs and branches. The bank stands out for its user-friendliness, manageable fees, and vast reach.
Bank of America currently offers a $100 Bonus for newcomers. To claim it, open a new online checking account via a specific Bank of America promotional link and meet certain conditions.
Three account types are eligible for this bonus:
- Advantage SafeBalance Banking®: $25 initial deposit & $4.95 monthly fee, which can be waived for students below 25 or Preferred Rewards enrollees.
- Advantage Plus Banking®: $100 initial deposit & $12 monthly fee, which is waivable under specific conditions.
- Advantage Relationship Banking®: $100 initial deposit & $25 monthly fee with waivers available under certain conditions.
Ensure a direct deposit totaling $1,000 within the first 90 days to receive the bonus.
Remember, the promotional code is DMF100CIS, which gets auto-filled when you click through our links.
Member FDIC.
Chase Total Checking® – A Rewarding $200
Open a new Chase Total Checking account, set up a direct deposit within three months, and enjoy a $200 bonus within 15 working days.
While there’s a $12 monthly fee, certain conditions can get this fee waived.
What’s to like? A handsome $200 bonus and Chase’s significant presence.
Branch details available on locator.chase.com.
Discover Cashback Debit – Earn Up To $360
Discover Bank shines with its cashback debit checking account, offering 1% cash back on up to $3,000 monthly expenses. That’s a potential annual reward of $360!
Discover is also renowned for minimal fees, with several attractive features like free standard checks, online bill pay, and no-fee ATM transactions at over 60,000 ATMs.
The highlight? An unprecedented 1% cashback on debit card expenses.
Consumers Credit Union – Maximizing Interest at 5.00% APY
If you’re in search of a rewards checking account with an impressive interest rate, look no further. Consumers Credit Union promises up to 5.00% APY, albeit with certain conditions.
Axos Bank
This bank occasionally rolls out new account bonuses. The present offer is a $300 bonus, subject to specific requirements. The bank’s rewards program, with tiered interest rates, is quite attractive.
Axos offers no minimum balance, zero service fees, and even reimburses ATM fees.
What’s commendable? The rewards program, which provides higher interest for your usual banking activities.
Ally Bank Checking
I’m a loyal Ally Bank user, primarily because of their top-tier online banking services. They offer compelling deposit products, attractive interest rates, and nominal fees.
Why is it a favorite? Competitive interest rates and an extensive range of financial products.
LendingClub Bank
Formerly Radius Bank, LendingClub Bank from Boston is a game-changer with their checking account rewards. The bank offers an impressive interest rate on significant balances and limitless 1% cashback on specific debit card transactions.
The attraction? An interest-bearing account with an unlimited 1% cash back feature.
NBKC Bank
An emerging online bank, NBKC offers a competitive interest rate on all balances. With no hidden fees and a comprehensive mobile app, it’s a strong contender.
What sets it apart? A lucrative interest rate compared to competitors, coupled with additional perks.
Note: The banks mentioned above, their features, and interest rates are based on data available at the time of writing. Always check the respective bank’s official site for the most updated information.
