Paying fees just to keep a checking account open is a waste of money. Fortunately, many banks now offer completely free checking accounts with no minimum balance requirements, no monthly fees, and valuable perks like cashback, ATM reimbursements, and high-interest earnings.
Whether you prefer an online bank with better rates or a traditional bank with local branches, there are plenty of great options.
10 Best Free Checking Accounts with No Minimum Balance for 2025
The best checking accounts don’t just eliminate fees—they help you make the most of your money. Some offer rewards for spending, others provide early direct deposit, and a few even pay interest on your balance. Here are the top free checking accounts worth considering.
1. Upgrade
Upgrade Rewards Checking Plus offers a great deal for those looking for a free checking account with no strings attached. With Upgrade, you don’t just get free transactions with no minimum opening deposit or balance, but you’ll also earn money while you spend.
2. SoFi
For a no-fee banking solution with high-interest rates, SoFi Checking & Savings should be your top consideration. It offers no minimum balance and no monthly fees.
3. Chime®
If you prefer no-fee checking accounts that take an app-first stance, a Chime checking account is worth considering. You’ll get access to cash at more than 60,000 ATMs and the ability to add cash at any Walgreens location.
4. Current
Current, a rapidly growing U.S. fintech with over a million members, offers a free checking account without using ChexSystems or credit reports.
5. GO2bank
GO2bank is a mobile banking solution designed to cater to your financial needs. This option provides convenient and secure access to your funds while offering a range of features to help you manage your finances effectively.
6. Quontic
Quontic High-Interest Checking pays 1.10% APY on your checking account balance as long as you make at least 10 purchases per payment cycle using your debit card.
7. Capital One 360
With a Capital One 360 Checking account, you combine the benefits of a traditional bank with the convenience of online banks.
8. Ally Bank
Ally Bank is a top online-only competitor in the banking space. With the Ally Interest Checking Account, you can Earn up to $400.25% APY on your balance.
9. LendingClub
LendingClub’s Rewards Checking account offers a range of attractive features for its users. By meeting qualification requirements, account holders can earn 1% cash back on qualified purchases made with their debit card.
10. Consumers Credit Union
Consumers Credit Union (CCU) offers a high-yield checking account with no monthly fees or balance requirements.
How to Choose the Best Free Checking Account
A free checking account shouldn’t come with hidden costs or limited access to essential banking features. Here’s what to consider before opening an account.
Fees and Hidden Costs
Even with no monthly maintenance fees, some accounts still charge for overdrafts, wire transfers, and out-of-network ATM use. Look for banks that waive or reimburse ATM fees and offer free overdraft protection. If it applies, you might also research whether a bank charges foreign transaction fees or allows free use of ATMs while you’re traveling.
ATM Access
Free checking doesn’t help if you’re paying to withdraw your own money. Check if the bank offers a large ATM network or reimburses third-party ATM fees. Some online banks cover all ATM charges, while traditional banks may only waive fees at their own machines.
Mobile and Online Banking Features
A well-designed app makes it easy to manage money on the go. Look for features like mobile check deposit, automatic savings tools, and instant transfers. Some banks also offer early direct deposit, letting you access your paycheck up to two days early.
Customer Service
If something goes wrong, fast and reliable support matters. Some banks only offer online chat or email, while others provide 24/7 phone support or in-person service at branches. Choose a bank with the level of customer support that fits your needs.
Frequently Asked Questions
Can I open a free checking account with bad credit?
Yes, most banks don’t check your credit score when you apply for a checking account. However, some may review your banking history through ChexSystems. If you’ve had issues with overdrafts or unpaid fees in the past, you might need to look at banks that don’t use ChexSystems or second-chance checking accounts, which are designed for people with negative banking history.
How do I switch banks without disrupting my bills and direct deposits?
Start by opening your new checking account before closing your old one. Then, update your direct deposit details with your employer and any recurring bill payments. Keep both accounts open for a few weeks to ensure all payments transition smoothly before closing your old account.
What happens if I overdraft a free checking account?
Overdraft policies vary by bank. Some banks charge hefty fees for overdrafts, while others offer free overdraft protection or simply decline transactions that would overdraw your account. Look for banks with no overdraft fees if you’re concerned about occasional overdrafts.
Can I open multiple free checking accounts?
Yes, you can open multiple checking accounts as long as you meet the bank’s requirements. Some people use separate accounts for budgeting, business expenses, or savings goals. Just make sure you can manage them effectively and that none of them have hidden fees.
Do free checking accounts come with checks?
Some banks provide free checkbooks, but many online banks don’t offer them at all. If you need to write checks, check whether the bank offers free or low-cost check printing before opening an account.
Are free checking accounts available for joint account holders?
Yes, many banks allow you to open a free checking account as a joint account with a spouse, partner, or family member. Each account holder will typically have equal access to deposits, withdrawals, and account management.
