Top 10 Free Checking Accounts You Can’t Miss in December 2024!

Ready to ditch those pesky monthly fees? We’ve unearthed the ultimate free checking accounts that will have you managing your finances without a worry in the world.

We know how crucial it is to find a dependable checking account that’s as convenient as it is affordable. That’s why we’ve scoured the banking landscape, analyzing countless options to bring you the cream of the crop in free checking accounts.

No matter your banking habits or lifestyle, there’s a free checking account waiting for you that won’t break the bank.

Too many folks get trapped in the myth that banking has to cost a fortune. We’re here to debunk that myth once and for all!

Join us as we unveil our top picks tailored to fit your unique needs, plus a comprehensive roundup of free checking options that might just be your perfect match.

Top No-Fee Checking Accounts

Want a shortcut to the best no-monthly-fee checking accounts out there? Look no further:

Attention: Most of these banks will ask for a credit score of 600 or higher to unlock the wonders of a free checking account. If your credit score needs a little TLC, check out our second-chance checking accounts.

Handpicked Checking Account Options

We’ve put together an expertly curated selection of free bank accounts and checking options for you. While our focus is primarily on online banking, you may also stumble upon local banks or credit unions that offer hassle-free checking. However, most people prefer the flexibility and ease of top-notch online banking solutions.

1. Discover® Cashback Debit

Discover introduces the Cashback Debit Checking Account, allowing you to earn up to 1% cash back on your debit card purchases, up to $3,000 every month. It’s a win-win!

And guess what? There are no monthly fees and no minimum balance requirements, plus you get free overdraft protection! You can even get your paycheck up to two days early—absolutely free!

With over 60,000 free ATMs at your fingertips, mobile-friendly banking, and no-fee check ordering, Discover is hard to resist. Why I Love It: Earning cashback on a no-fee checking account? Yes, please!

Learn more about the Discover Cashback Debit here.

2. Key Smart Checking®

KeyBank offers the Key Smart Checking® Account, a no-nonsense, fee-free checking account with automatic overdraft protection linked to a KeyBank savings account, free checks, and more!

With a $300 cash bonus for opening an account and meeting specific criteria by May 16, 2025, there’s never been a better time to join. Just deposit a minimum of $10 and set up a direct deposit of at least $1,000 within your first 60 days!

Discover more about the Key Smart Checking®.

3. First Tech Federal Credit Union

Check out the First Tech Rewards Checking® for high-interest checking with no minimum balance and no monthly maintenance fees. With a network of 30,000 CO-OP fee-free ATMs, it’s easy to access your cash.

With their exciting rewards program, you can earn up to $60 a month based on your activity! Plus, enjoy a stunning 3.50% APY on balances up to $15,000—just follow a few simple criteria.

Why I Love It: A fabulous high-yield checking account!

Learn more about First Tech Rewards Checking here.

4. Current

Discover the ease of banking with Current, a mobile banking app that’s taken the world by storm. With solid features like no minimum balances, no overdraft fees, and the ability to earn up to 4.00% APY on savings, it’s definitely worth a look!

Plus, you can earn up to 15x points for cash back and enjoy fee-free ATM withdrawals at over 40,000 locations.

Why I Love It: Effortless mobile banking at your fingertips.

Check out our Current review here.

5. Chime® Checking

Chime was a pioneer in mobile banking, and their no-fee checking account is no exception. Enjoy a completely mobile banking experience without hidden fees or physical locations.

To learn more about this game-changer, check out our Chime Review here.

6. Wealthfront Cash Account

Wealthfront has launched an attractive Cash Account that earns a whopping 4.25% APY. With no fees and the ability to receive your paycheck up to two days early, this account is perfect for those looking to grow their savings.

Explore our detailed review on Wealthfront to see if this is your next banking solution!

7. Upgrade Rewards Checking Plus

Earn up to 2% cash back on everyday purchases with the Upgrade Rewards Checking Plus. With no monthly maintenance fees and unlimited cash back potential, it’s an attractive option for savvy spenders.

8. Varo

Experience modern banking with Varo, offering a no-fee checking account packed with perks. Enjoy no balance requirements and a competitive savings rate!

9. Axos Rewards Checking

Axos Bank’s Rewards Checking provides fantastic features, including no monthly fees and high interest rates. You can earn up to 3.30% APY while enjoying unlimited domestic ATM reimbursements.

10. GO2bank

GO2bank is a mobile bank focused on accessibility. With a competitive 2.50% APY on savings and amazing cash back opportunities, it’s a great place to start your banking journey.

Don’t Fall for the Free Checking Myth!

There’s a pervasive belief in America that checking accounts are a drain on your wallet. As a result, many people are forced to rely on expensive alternatives like check cashing. Let’s put an end to this misconception!

According to research, many checking accounts impose monthly fees that can reach upwards of $10-12. That’s money you shouldn’t be wasting!

Many traditional banks require users to open additional accounts or maintain high balances just to avoid these fees. It’s time to fight back against this trend!

What to Look for in a Checking Account

Students and younger individuals often have different banking needs. Here are our key criteria for identifying the best free checking accounts:

• No Monthly Fees: We only spotlight accounts that charge no monthly fees—ever!
• No or Low Minimum Balance Required: You shouldn’t have to keep large sums to avoid fees.
• No Direct Deposit Requirement: We prioritize accounts that don’t force you into a direct deposit setup.
• Safe Overdraft Options: Choose accounts that have options to manage overdraft situations without hefty charges.
• User-Friendly Online Access: The best accounts come with seamless online banking and mobile apps.
• No ATM Fees: Access to your money should be free, no matter where you are.

How to Open a New Checking Account

Getting started is a breeze! To open a new checking account, simply click the provided links and follow the straightforward instructions. You’ll typically need to provide some personal information, such as your name, address, and SSN.

Some banks may also require you to upload identification. If you’re going into a physical branch, just bring cash or a check to fund your new account.

Why Trust Us?

Our team has been dissecting and reviewing checking accounts for over a decade. Our goal is to provide you with the clearest, most accurate insights into free checking options available today.

Frequently Asked Questions

Is Free Checking Really Free? Yes! Free checking accounts don’t charge monthly fees, though some may have conditions for waiving fees.

Common Fees? Look out for potential ATM withdrawal fees, ACH transfer fees, and more.

Do Checking Accounts Earn Interest? Some do offer interest, but typically, savings accounts yield higher rates.

ATM Withdrawal Fees? Most free checking accounts won’t charge you for ATM withdrawals but may have restrictions.

Are There Limits on Checking Account Balances? There are no restrictions, but be aware of FDIC insurance limits.

What’s the Difference Between Fees and Service Charges? Fees are ongoing, while service charges apply to specific transactions.

Do Banks Offer Bonuses for Opening Accounts? Yes! Many banks provide bonuses for meeting certain criteria upon account opening.

Our Methodology

We’re committed to helping you navigate the often complicated world of banking. Our reviews are rooted in thorough research and real-world data to ensure you get the best free checking accounts available.