BEST OF

6 Best Free Checking Accounts of 2024

Chanelle Bessette
By Chanelle Bessette 
Edited by Sara Clarke

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The best free checking accounts do more than keep money in people’s wallets by having no monthly fees. They also typically offer other free services or pay interest.

Why trust NerdWallet: Our writers and editors follow strict editorial guidelines to ensure fairness and accuracy in our coverage to help you choose the financial accounts that work best for you. See our criteria for evaluating banks and credit unions.

Here’s a list of our favorites based on research into dozens of institutions. We scoped out accounts based on interest rate, ATM network, rewards and other factors.

» Looking for a place to stash your savings? See NerdWallet's picks for best savings accounts

APYs shown are current as of Feb. 20, 2024. All other information is current as of Feb. 13, 2024.

Discover the bank accounts that fit your financial goals
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Best Free Checking Accounts

Our pick for

Free Checking Account

NerdWallet rating 

5.0

/5
SoFi Checking and Savings
Learn more

at SoFi Bank, N.A., Member FDIC

APY

0.50%

Bonus

$300

Monthly fee

$0

Overdraft star rating

5.0/5

NerdWallet rating 

4.5

/5
Chime Checking Account
Learn more

at Chime®, Deposits are FDIC Insured

APY

N/A

Bonus

N/A

Monthly fee

$0

Overdraft star rating

5.0/5

NerdWallet rating 

5.0

/5
Ally Bank Spending Account
APY

0.10%

Bonus

N/A

Monthly fee

$0

Overdraft star rating

5.0/5

NerdWallet rating 

4.5

/5
Alliant Credit Union High-Rate Checking
APY

0.25%

Bonus

N/A

Monthly fee

$0

Overdraft star rating

5.0/5

NerdWallet rating 

4.5

/5
One Spend
APY

N/A

Bonus

N/A

Monthly fee

$0

Overdraft star rating

5.0/5

NerdWallet rating 

4.5

/5
Navy Federal Credit Union Free EveryDay Checking
APY

0.01%

Bonus

N/A

Monthly fee

$0

Overdraft star rating

5.0/5

Last updated on February 20, 2024

Methodology

We took a close look at over 90 financial institutions and financial service providers, including the largest U.S. banks based on assets, internet search traffic and other factors; the nation’s largest credit unions, based on assets and membership; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

Financial institutions and providers surveyed are: Affirm, All America Bank, Alliant Credit Union, Ally Bank, Amalgamated Bank, America First Credit Union, American Express National Bank, Andrews Federal Credit Union, Associated Bank, Axos Bank, Bank of America, Bank5 Connect, Bank7, Barclays, Bask Bank, Bethpage Federal Credit Union, BMO, BMO Alto, Boeing Employees Credit Union, Bread Savings, BrioDirect, Capital One, Carver Federal Savings Bank, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens, Citizens Bank, City First Bank, Climate First Bank, Commerce Bank, Community First Credit Union of Florida, ConnectOne Bank, Connexus Credit Union, Consumers Credit Union, Current, Delta Community Credit Union, Discover® Bank, E*TRADE, EverBank (formerly TIAA Bank), Fifth Third Bank, First Foundation, First National Bank, First Tech Federal Credit Union, Flagstar Bank, FNBO Direct, Global Credit Union, GO2bank, Golden 1 Credit Union, Greenwood, Hope Credit Union, Huntington Bank, Industrial Bank, Ivy Bank, KeyBank, Lake Michigan Credit Union, LendingClub Bank, Liberty Bank, Live Oak Bank, M&T Bank, Marcus by Goldman Sachs, Navy Federal Credit Union, NBKC, One, OneUnited Bank, Pentagon Federal Credit Union, PNC, Popular Direct, Quontic Bank, Regions Bank, Revolut, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Securityplus Federal Credit Union, Self-Help Credit Union, Service Credit Union, SoFi, State Employees’ Credit Union of North Carolina, Suncoast Credit Union, Synchrony Bank, TAB Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, Upgrade, USAA Bank, Varo, Vio Bank, Wells Fargo and Zynlo Bank.

To recap our selections...

NerdWallet's Best Free Checking Accounts of 2024

Frequently asked questions