The post tells details related to the banks offering free checking accounts. The details will help in knowing the current banking scenario in a better way.

Highlights –

• People often search for banks offering free checking accounts.
• Free checking accounts help individuals to save a lot of money.
• Banks come up with such facilities to increase the number of depositors.

Banks Offering Free Checking Accounts: The Overview

Usually, banks charge different kinds of fees. These fees are mostly in the form of monthly charges and ATM-related fees. The other cost is the penalty in case one fails to meet the minimum balance requirements.

If you are worried about such fees then look for banks offering free checking accounts. In many cases, the fee is quite less or avoidable. Here you will get to know actual details about such banks.

Here Are the Banks Offering Free Checking Accounts –

1. Bank of America (Advantage Plus Banking)

You need a minimum opening deposit of 100 dollars for the Advantage Plus Banking account. The monthly fee is twelve dollars. In overdrafts case, the fee is ten dollars. If you’ll keep at least a sum of 1,500 dollars then the twelve dollars per month fee can be avoided.

2. Chase Bank (Total Checking Account)

For this account, there is no minimum opening deposit needed. The twelve-dollar monthly fee is waived when a person maintains a minimum of 1500 dollars. The overdraft fee is 34 dollars.

3. Ally Bank (Interest Checking Account)

There isn’t any minimum deposit requirement. When a person maintains a sum of 15,000 dollars or more, the bank provides an APY of .25 percent. This bank has a really good rating on the Apple App Store.

4. SoFi (Online Checking Account)

The minimum balance and initial deposit requirements are not there in this account. People should note that it doesn’t have any physical branch. But the APY is 0.5 percent. SoFi has more than 55,000 all-point ATMs.

5. NBKC Bank (Everything Account)

Not even a single buck is needed to maintain the minimum deposit. The yield rate is 1.75%. There are no overdrafts as well as maintenance charges.

6. Capital One Bank (360 Checking Account)

You don’t need to maintain a minimum balance. The APY is around 0.1%. The ATM facility of this bank is really good.

7. Heritage Bank (eCentive Account)

You should have about a hundred dollars for opening an eCentive account. However, no minimum balance requirement is levied by the bank. If a person maintains a balance of 100,000 dollars or more, then there is a chance to earn a yield of 2.02%.

Conclusion Banks Offering Free Checking Accounts

The 7 top-most banks offering free checking accounts are stated above. All banks have different policies related to free checking accounts. So, a person must carefully analyze all the conditions beforehand. Just by spending some time on research, you can open the best free checking account with a reputed bank. For more such finance-based information and stories make sure to check out Financereview.Org.