Best Free Checking Accounts of 2024
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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
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
| Product | Monthly fee | APY | Min. opening deposit | Learn more |
|---|---|---|---|---|
 SoFi Checking and Savings NerdWallet Rating Learn more at SoFi Bank, N.A. | $0 | 0.50% With $0 min. balance for APY | N/A | Learn more at SoFi Bank, N.A. |
 Chime Checking Account NerdWallet Rating Learn more at Chime® | $0 | N/A | N/A | Learn more at Chime® |
 Ally Bank Spending Account NerdWallet Rating | $0 | 0.10% With $0 min. balance for APY | N/A | |
 High-Rate Checking NerdWallet Rating Learn more at Alliant Credit Union | $0 | 0.25% With $0 min. balance for APY | N/A | Learn more at Alliant Credit Union |
 One Debit NerdWallet Rating | $0 | N/A | N/A | |
 Navy Federal Credit Union Free EveryDay Checking NerdWallet Rating | $0 | 0.01% With $0 min. balance for APY | N/A |
Best free checking accounts
SoFi Checking and Savings
Why we like it: SoFi’s online Checking and Savings account offers competitive interest rates on both checking and savings, and customers have access to a large, free ATM network.
No overdraft fees.
No monthly fees.
Large, free, nationwide ATM network.
Early direct deposit.
Checking account pays interest once requirements are met.
No branch access.
Fees for cash deposits.
Chime Checking Account
Why we like it: Chime’s customers have access to a broad no-fee ATM network as well as a strong overdraft program. They can also receive their paychecks up to two days early with direct deposit.
No overdraft fees.
No monthly fees.
Large, free, nationwide ATM network.
No minimum opening deposits.
Early direct deposit.
No branch access.
Fees for cash deposits.
Ally Bank Spending Account
Why we like it: Ally offers interest on its free checking account as well as nationwide ATM fee reimbursements of up to $10 a month.
No overdraft fees.
No monthly fees.
Large, free, nationwide ATM network.
No minimum opening deposits.
Checking account pays interest.
No cash deposit.
No branch access.
Alliant Credit Union High-Rate Checking
Why we like it: Alliant High-Rate Checking customers earn interest and have access to more than 80,000 fee-free ATMs in addition to a $20 monthly fee rebate for out-of-network ATMs.
No overdraft fees.
No monthly fees.
Anyone can become a member.
Large, free, nationwide ATM network.
Checking account pays interest once requirements are met.
No branch access.
One Debit
Why we like it: Customers who are over 18 and make at least $500 in monthly direct deposits can qualify for One’s generous overdraft protection policy, which can cover up to $200 in overdrafts.
No overdraft fees.
No monthly fees.
No minimum opening deposits.
Early direct deposit.
No branch access.
Navy Federal Credit Union Free EveryDay Checking
Navy Federal Credit Union Free EveryDay Checking
$0
Why we like it: Customers at Navy Federal Credit Union have access to more than 30,000 shared Co-op Network ATMs and 350 branches worldwide. They also have multiple options when it comes to overdraft coverage.
No monthly fees on Free Everyday Checking account.
Large, free, nationwide ATM network.
24/7 customer service by phone.
Branches available worldwide.
Limited branch access.
Limited membership.
Our Nerds say:
“When shopping for a checking account, it’s great to find one that has no monthly fees, but you should also think about the other features you might want and need. For example, you might want to earn interest or cash back, or you might need a bank that’s part of a large, free ATM network or that offers ATM fee reimbursements.
"Also, you might want to look for a bank that has a generous overdraft policy. Some banks will even spot you up to a certain amount of money if you overdraft.”
- Chanelle Bessette, NerdWallet banking writer
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.
Best free checking accounts
