Free checking accounts

Do you want to open a bank account totally free in 2023? Alfredo Barandiarán analyzes for Responsible Economy all the checking accounts that you can open for free in the United States with the features they offer: yields, ATMs…Welcome!

Banks that offer free checking accounts of 2023

We have made a list with all the banks that offer current accounts without commissions and their main characteristics. Then you have all the information about each checking account:

Logo Chase
  • It is very easy to avoid monthly commissions
  • Welcome bonus of 200 dollars fulfilling conditions
  • More than 16,000 ATMs in the United States
  • $25 minimum deposit
  • Very low interest rates
Bank of America logo
  • It is very easy to avoid monthly commissions
  • More than 16,000 ATMs in the United States
  • $100 minimum deposit
  • No welcome bonus
  • High interest rates if you have a lot of savings
Wells Fargo logo
  • It is very easy to avoid monthly commissions
  • Nearly 12,000 ATMs
  • $25 minimum deposit
  • Welcome bonus of 300 dollars fulfilling conditions
  • High interest rates on CDs
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • No fees no direct deposits
  • More than 50,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs and Savings
Citibank-logo
  • Commissions of $10 if you do not meet requirements
  • No fees at Citibank ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs

Chase

Chase total Checking is a checking account that you can open for free but you must meet one of the following requirements:

  • Electronic deposits made into this account totaling $500 or more.
  • Have more than $1,500 in the checking account.
  • Have $5,000 in all Chase accounts.

You can withdraw money without commissions at all Chase ATMs, bank transfers have high commissions, the interest rate of the account is 0.01 and CDs up to 4%. It has a $200 welcome bonus whenever you make a direct deposit.

ProsCons
High number of branchesFree but with minimum requirements
High number of ATMsLow returns on savings account
$200 Welcome Bonus
Pros and Cons Chase Total Checking review

Ally

Ally checking account has no fees and no deposit is required. You can open the account with zero dollars.

You can withdraw money without commissions in more than 43,000 ATMs, outgoing transfers have a commission of $25, the linked savings account has a yield of 3.3% and CDs of 4.25%:

ProsCons
No commissions no requirementsNo branches
No minimum depositNo welcome bonus
High number of ATMs free

Frequent questions

Here we answer all the questions you ask us about free checking accounts:

Related posts

Finally, We show you related content about checking accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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