Best of

8 Best Free Checking Accounts of 2019

Tony ArmstrongJanuary 25, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Summary of Best Free Checking Accounts of 2019

BankBest ForMonthly FeeAPYLearn More
Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

Interest rate

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

Rewards program

$0

N/A

at Discover,

Member, FDIC

Consumers Credit Union Free Rewards Checking

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

Credit union

$0

5.09%

With $0 minimum balance

at Consumers Credit Union,

Federally insured by the NCUA

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

Credit union

$0

0.45%

With $0 minimum balance

at Alliant Credit Union,

Federally insured by the NCUA

Capital One 360 Checking®

Capital One 360 Checking®

Overdraft policy

$0

0.20%

With $0 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

Digital experience

$0

0.10%

With $0 minimum balance

Bank5 Connect High Interest Checking

Bank5 Connect High Interest Checking

Interest rate

$0

0.76%

With $100 minimum balance

Schwab Bank High Yield Investor Checking®

Schwab Bank High Yield Investor Checking®

ATM reimbursement

$0

0.20%

With $0 minimum balance

BankBest ForMonthly FeeAPYLearn More
Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

Interest rate

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

Rewards program

$0

N/A

at Discover,

Member, FDIC

Consumers Credit Union Free Rewards Checking

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

Credit union

$0

5.09%

With $0 minimum balance

at Consumers Credit Union,

Federally insured by the NCUA

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

Credit union

$0

0.45%

With $0 minimum balance

at Alliant Credit Union,

Federally insured by the NCUA

Capital One 360 Checking®

Capital One 360 Checking®

Overdraft policy

$0

0.20%

With $0 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

Digital experience

$0

0.10%

With $0 minimum balance

Bank5 Connect High Interest Checking

Bank5 Connect High Interest Checking

Interest rate

$0

0.76%

With $100 minimum balance

Schwab Bank High Yield Investor Checking®

Schwab Bank High Yield Investor Checking®

ATM reimbursement

$0

0.20%

With $0 minimum balance

Our pick for

Interest rate

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

Monthly Fee

$0

APY

1.25%

With $0 minimum balance

Our pick for

Rewards program

Discover Cashback Debit

at Discover,

Member, FDIC

Monthly Fee

$0

Our picks for

Credit union

Consumers Credit Union Free Rewards Checking

at Consumers Credit Union,

Federally insured by the NCUA

at Consumers Credit Union,

Federally insured by the NCUA

Monthly Fee

$0

APY

5.09%

With $0 minimum balance

Alliant Credit Union High-Rate Checking

at Alliant Credit Union,

Federally insured by the NCUA

at Alliant Credit Union,

Federally insured by the NCUA

Monthly Fee

$0

APY

0.45%

With $0 minimum balance

Our pick for

Overdraft policy

Monthly Fee

$0

APY

0.20%

With $0 minimum balance

Our pick for

Digital experience

Monthly Fee

$0

APY

0.10%

With $0 minimum balance

Our pick for

Interest rate

Monthly Fee

$0

APY

0.76%

With $100 minimum balance

Our pick for

ATM reimbursement

Monthly Fee

$0

APY

0.20%

With $0 minimum balance

Last updated on January 25, 2019

Methodology

To determine the best accounts, we took a close look at 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, internet search traffic and other factors; the nation's largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage rates, minimum balances, fees, digital experience and more.

Financial institutions surveyed are: Alaska USA Federal Credit UnionAlliant Credit UnionAlly BankAmerica First Credit Union, American Express, AspirationAssociated BankBank5 Connect, BankDirect, Bank of AmericaAxos BankBank of the WestBarclays, BB&T, BBVABoeing Employees Credit Union, BMO Harris, Capital One 360Charles Schwab BankChaseChimeCITCitibankCitizens Bank, Comerica Bank, Commerce BankConnexus Credit UnionConsumers Credit UnionDiscover BankTIAA BankFidelityFifth Third Bank, First Citizens Bank, First National Bank, First Tech Federal Credit UnionGoBankGolden 1 Credit Union, HSBC Bank USA, Huntington BankKeyBankM&T BankMarcus by Goldman Sachs, MetaBank, Navy Federal Credit UnionPentagon Federal Credit UnionPNC, PurePoint Financial, Qapital, Radius BankRegions BankSantander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Simple, Star One Credit Union, State Employees' Credit Union of North CarolinaState Farm BankSuncoast Credit Union, SunTrust Bank, Synchrony BankTCF BankTD BankUnion Bank, UFB Direct, USAAU.S. Bank, Varo, Wells Fargo, Woodforest National Bank and Zions Bank.

 

How we rate banks and credit unions

To recap our selections...

NerdWallet's Best Free Checking Accounts of 2019