Checking Accounts

Without modern electronic banking, our economy would quickly grind to a halt. It is therefore a bit ironic that many of us take vehicles that as a common checking account for granted. These services allow us to pay our bills, to purchase items and to have a “safety net” in the event that we suddenly run out of cash. Of course, there are countless firms which offer such services and each boasts its own set of unique qualities.

For the same of this article, we will examine the top free checking accounts within the United States. Please keep in mind that these may not be available in every state that it is therefore wise to consult with each official website in question to learn more.

EverBank Yield Pledge Checking

This bank is completely online, so there are few worries in regards to accessing an account. The main benefit in regards to this account is that EverBank has literally pledged that their yields (the interest earned) will always be within the top five percent of banks throughout the United States. This is a massive benefit if you wish to grow your money over time.

Additionally, many foreign ATM fees are waived. Such an amenity is not always provided by other institutions. A handy mobile phone application and a slightly cheaper overdraft are other amenities not to be taken lightly.

However, keep in mind that you will be required to maintain a minimum balance of $1,500 dollars.

Bank5 Connect

This is a second online banking service which has made our list. Bank5 offers a system known as Connect High-Interest checking. The main difference between this bank and EverBank is that Bank5 only minimum balance of $100 dollars. This is obviously important for those who may not have a spare $1,500 dollars laying around.

Every account which is more than $100 dollars will earn at least 0.76 percent interest, a nice addendum to accrue a bit of wealth over time. There are never any fees associated withdrawals from ATMs throughout the United States. The first order of all personal check and similar stationery is supplied at no extra cost.

Clients can also monitor their accounts as well as pay any outstanding bills with the help of a bespoke and user-friendly mobile application. This account is available throughout all 50 states.

Bank of Internet USA Rewards Checking

We next come to Bank of Internet (not to be confused with the Bank of America). This nationwide online checking service offers yields of up to 1.25 percent. There are certain stipulations to enjoy such a high rate.

It is necessary to use a debit card at least 10 times every month and the balance of the account must remain above $1,000 dollars. However, there is no required minimum balance to keep the account itself active and opening a new account will require a deposit of no more than $10 dollars.

These are some of the reasons why students and young adults often prefer this firm, as it can help them to build a solid line of credit for the future.

Ally Bank

You may have already head of Ally Bank, as it has become quite popular in recent years. This is one of the first and most well-known Internet banking services and its has evolved to remain highly competitive.

Much like the aforementioned institutions, there are no foreign ATM fees associated with Ally Bank. Overdraft penalties of $9 dollars are also quite low when compared to other checking accounts. While the yield is lower (only reaching 0.6 percent), this is perhaps outweighed by the fact that there are never any minimum balances associated with Ally Bank checking accounts.

There are numerous methods to send money via a smartphone and Ally Bank offers a built-in application which provides a great deal of security. Users from all 50 states can open an account with Ally Bank.

More Possibilities Than Ever Before

These are only a few of the top free online checking account providers currently available. If you would like to learn more, it is always a good idea to visit the website of the firm in question.

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