It has been really difficult to find a good free checking account in the United States. Most of the banks demand you to pay a monthly maintenance fee for keeping your checking account open. Each bank or financial association implements different amounts of fees changing from a few dollars to 20 dollar. In order to avoid such fees it is required to make regular deposits of a certain size or frequency and to have certain number of transactions in a statement period.
If you evaluate all the options thoroughly, it’s possible to find free checking accounts. Of course, you must know where to look. Many online banks offer legitimately free, and insured by the Federal Deposit Insurance Corporation (FDIC) accounts with few restrictions. Some of these banks even pay noticeable interest. Here are the list of the checking accounts available to customers in the United States which will not exploit your deposit through fees and other deductions.
EverBank Yield Pledge Checking
EverBank whichs is a full-service online bank offers a very attractive checking account. In the the Yield Pledge Checking Account, the account’s efficiency will always be in the top 5percent of all U.S. checking accounts. It is measured by the Bankrate BRM Index monthly. EverBank also has a really good mobile application and an overdraft line of credit that may be cheaper than a traditional overdraft fee.
Bank5 Connect High-Interest Checking Account has very attractive yields. If you’re seeking for an attractive yield with a reasonable minimum balance fee, it’s the Bank5 Connect will be the best with its High-Interest Checking Account. Bank5 Connect also offers reasonable overdraft fees.
Bank of Internet USA Rewards Checking doesn’t automatically pay interest; you can take a yield of up to 1.25% on your funds by meeting certain qualifications. Using your debit card 10 times per month and accepting a monthly direct deposit of at least $1,000 are the requirements to earn a yield.
Ally Bank Interest Checking account has no minimums and no ATM fees. Ally Bank has a very popular Interest Checking account. There are no minimums of any kind in this account. Ally Bank is also preferred paying back all third-party ATM fees, without exclusion.
Capital One 360 Checking Account has no minimum balances and offers $50 account opening bonus. 360 Checking Account comes with an attractive yield, especially for larger balances. As you open a new account, it automatically pays you a bonus. And, 360 Checking’s mobile application is among the best in the business, with intuitive mobile check deposit, an interactive ATM finder. Drawbacks include high fees for replacement debit cards, high minimum balance requirements for the best annual yields, and no out-of-network ATM fee reimbursements.