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Checking Accounts
With all the recent increases in checking account fees and requirements, it's become increasingly difficult to find free checking accounts or even just cheap, low-fee checking. To help you out, we've compiled offers from all sorts of banks and credit unions to help you find the best checking account for your financial needs. We'll do the math to give you a personal recommendation of which checking account is the cheapest. You can also check out our state-by-state list of banks and credit unions offering completely free checking accounts or read up on overdraft fees at the largest banks.

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Showing 1-10 of 32 Results
Checking Account Account Benefits Fees
Federally insured by the FDIC
$50 cash bonus for new accounts
38,000+ free ATMs
No foreign transaction fee
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $25.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • There is no flat fee to use overdraft - you only need to pay interest if the account balance drops below zero and triggers use of an Overdraft Line of Credit
See complete Capital One 360 – 360 Checking details
Federally insured by the FDIC
No monthly fees
Earns interest
No ATM Fees
Mobile app available
23,000 surcharge-free ATMs
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $25.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $25.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
See complete TIAA Direct – Interest Checking details
Federally insured by the FDIC
All out of network ATM fees waived
Account pays some interest
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $9.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $15.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • Out of network ATM: All third-party surcharges are reimbursed
See complete Ally Bank – Interest Checking Account details
Federally insured by the FDIC
No monthly fees
Earns interest
No ATM Fees
Mobile app available
Free bill pay
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $0.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $2.00 0 $0.00
Annual Cost
- - $0.00
Account Details
See complete Simple – Mobile Bank Account details
Federally insured by the FDIC
No monthly fees
Mobile app available
Free bill pay
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $2.50 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $0.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $2.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • Customers can pay what they feel is fair for a monthly fee, anywhere from $0 to $9
See complete GoBank – Mobile Bank Account details
Federally insured by the FDIC
No monthly fees
No ATM Fees
Mobile app available
Free bill pay
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $0.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
See complete Moven – Mobile Bank Account details
Federally insured by the FDIC
No monthly fees
Mobile app available
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $2.00 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $0.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • Withdrawals at MoneyPass ATMs are free with direct deposit. A $2 fee applies without direct deposit.
See complete American Express – Bluebird details
Federally insured by the FDIC
All out of network ATM fees waived
All third-party ATM surcharges reimbursed (when certain qualifications are met)
Account pays some interest
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $0.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $35.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $10.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • Overdraft: There is no charge or fee to use overdraft - you only need to pay interest if the account balance drops below zero and triggers use of an Overdraft Line of Credit
See complete Bank of Internet USA – Rewards Checking details
Federally insured by the FDIC
Earns interest
Some ATM fees waived
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $1.50 0 $0.00
Overdraft fees $25.00 0 $0.00
Early closure $25.00 0 $0.00
Stop payments $20.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $5.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • $8 monthly fee waived with $10,000 combined deposit balance
  • The monthly service fee can also be waived with direct deposit AND 8 or more debit card transactions per statement period
  • 6 ATM fees waived per month
  • Early closure fee will be charged if account is closed within 6 months of opening
See complete Nationwide Bank – E-Checking details
Federally insured by the FDIC
Earns interest
UChoose Debit Rewards program
No ATM fees
$0.00 / mo

Open Now
Fee Breakdown
Fee Frequency Per Year
Monthly fees $0.00 12 $0.00
ATM fees $0.00 0 $0.00
Overdraft fees $15.00 0 $0.00
Early closure $0.00 0 $0.00
Stop payments $15.00 0 $0.00
Paper statements $0.00 0 $0.00
Debit card replacement fee $0.00 0 $0.00
Annual Cost
- - $0.00
Account Details
  • Up to $15 in ATM surcharges reimbursed each month
See complete Bank5 Connect – High Interest Checking details
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Checking Accounts: What You Need to Know

By John Gower

Do you have a job? Bills to pay? Taxes to file? If you answered yes to any of these, a checking account is a must. Aside from a savings account, checking accounts are one of the most basic and essential financial tools for adults and teens.


Unfortunately, these accounts are far from standardized. Fees, features, and requirements all differ vastly from one account to another, and from one bank to another. Chances are, the first checking account option you stumble upon is not actually the best fit, so it’s essential to do your homework before choosing where to deposit your money. The first step to getting the most of your checking account is to understand a little bit more about yourself.

Your needs

What are your basic requirements in a bank and an account? Consider the following to narrow down your options.

  • Demographic - Many banks and credit unions offer accounts tailored for certain ages, including teens, college students, and even senior citizens. Special accounts like these often carry benefits you wouldn’t otherwise receive.
  • Type of institution - Do you prefer a nationally-available bank, a local credit union, a community bank, or maybe an online bank? Each of these groups comes with a certain set of advantages and disadvantages.
  • Other Features - Keep an eye out for some key checking account benefits that fit your lifestyle and preferences. For example:
    • Are you a tech geek who lives on their phone? Choose an account that offers a mobile banking app.
    • Are you a sucker for rewards? Look for accounts that earn interest, offer a new account bonus, or award points for certain activities.

Your habits

How you live your financial life will affect which checking account is the best option, thanks to certain fees and requirements. Read on for more details, then use the filters and calculator option in the tool above to see how your financial habits can affect the total cost of your checking account.

  • Typical minimum balance - Many checking accounts carry a monthly fee that may be waived when you maintain a certain minimum balance each month. If you know how much you typically can keep in your account, you can look for one that will waive fees for doing so, potentially saving hundreds each year. If you know your balance fluctuates often and may dip close to zero, then an account with no monthly fees will be best, and one with a low overdraft fee will be even better in case you make the occasional slip-up.
  • Direct deposit - Direct deposit is another way that many banks allow customers to waive monthly checking fees, so if your job offers this option and you haven’t already signed up, do it before you start shopping around.
  • ATM usage - Do you travel or use cash often? If so, look for a bank with a large surcharge-free ATM network to avoid pesky $1-$3 charges for each withdrawal.

*Disclaimer: We try to keep information accurate and up to date, however we cannot make warranties regarding the accuracy of our information. Please verify FDIC Insurance / NCUA Insurance status, credit card information, and interest rates during the application process. Please note that NerdWallet has financial relationships with some of the merchants mentioned here. NerdWallet may be compensated if consumers choose to utilize the links located throughout the content on this site and generate sales for the said merchant.

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