Bank Account With No Deposit Fee

We looked at the fees charged by 10 banks across 16 no interest checking accounts and 15 high yield checking accounts. Almost all of these banks charge monthly maintenance fees for checking accounts, but in most cases, these fees can be waived if certain conditions are met. These conditions typically require a minimum daily or average balance or a monthly direct deposit of a specific amount. Some of the accounts listed below are only available in specific states. It's becoming increasingly difficult to find truly free checking accounts.

At many banks, you're now required to pay a monthly maintenance fee for the privilege of keeping your checking account open. Such fees can range from a few dollars to $20 or more, depending on the bank and other associated perks. To avoid these fees, you may need to maintain a high minimum daily balance, make regular deposits of a certain size or frequency, or execute a minimum number of transactions in a statement period.

1 Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Spending Account each month. Your limit will be displayed to you within the Chime mobile app. Your limit may change at any time, at Chime's discretion.

Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Friends transfers, or Chime Checkbook transactions. There is no minimum balance required to open the account.

You may make an unlimited number of deposits into your account. Check writing is unlimited with no per check fee assessed. Monthly statements are available through online banking at no charge. A fee of $2.50 a month applies if a customer chooses to receive paper statements through the mail.

There is no fee for standard withdrawal and deposit transactions made through a FirstBank automated teller machine . Applicant must be 18 years of age or older to open an account. Applicants under the age of 18 applying for a checking account must have an adult co-owner on the account. For additional account fees please see our Consumer Schedule of fees. However, you do not have to attend one of the affiliated schools to open a U.S. And there are several appealing reasons to do so, starting with the $0 monthly maintenance fee it offers and the U.S.

Bank ATMs, mobile check deposit, and payments with Zelle. You also get the ATM fee waived for your first four non-U.S. Bank ATM transactions per statement period, and your first order of checks is free. BlueVine Business Checking has no monthly fees, no minimum opening deposit and no minimum balance requirements.

This free online business checking account includes unlimited transactions, plus it allows you to earn 1% interest on your account balance up to $100,000. Once you have a checking account, you can pay bills, transfer money, use an ATM and make purchases with a debit card. We offer a variety of checking accounts with options such as online and mobile banking to make it easy to bank when and where you want.

† Subject to terms and conditions and other account agreements. Amount available through Standby Cash is subject to change based on changes to customer eligibility, including checking and deposit activity, overdrafts, and daily balances. A 1% monthly interest charge (12% Annual Percentage Rate) will be added to outstanding balances if automatic payments are not scheduled. If 100% of the approved credit line is drawn three months in a row, Standby Cash will be suspended until it's paid to a zero balance. When any of your Huntington deposit accounts are in an overdraft status for more than one day, your Standby Cash line will be suspended until they are no longer negative.

Business checking accounts are not eligible for Standby Cash. Look for business checking accounts that have no monthly service fees and no minimum balance requirements. And pay close attention to the fine print — some accounts are free only if you maintain a daily or monthly minimum balance or can meet another qualification to waive the service fee.

The Axos Basic Business Checking account has no monthly maintenance fees but requires a minimum deposit of $1,000 to open the account. This online business checking account includes 200 fee-free transactions per month, 30 cents per transaction after that. Checking account fees may come in the form of monthly maintenance fees, overdraft fees, ATM fees or minimum balance fees. Some banks and credit unions may also charge for debit card replacement, checks or wire transfers. These fees can add up quickly, making it important to find an account that fits your banking habits.

Chime makes it easy to deposit and transfer your money with its free mobile app. You'll get access to automatic deposits, online transfers, mobile banking, and ATM withdrawals. This free checking account also comes with online bill pay, direct deposit, and a Visa debit card. Discover Bank's Cashback Debit checking account comes with a long list of benefits with no costs attached. There are no monthly maintenance fees or non-sufficient funds fees, standard checks are no additional cost and replacing a lost or stolen debit card is complimentary as well.

It offers expedited delivery for debit card replacements and official bank checks at no charge. And it doesn't charge for stop payment orders or account closure. With no minimum deposit, no monthly fee, no direct deposit requirements, it's inexpensive to keep your funds in this account.

Also, BB&T waives the fee associated with non-BB&T ATM transactions two times per statement cycle, although you will not be reimbursed for the other bank's fee. Though the account is fee-free, overdraft fees tend to be high, although you can opt-out of Overdraft Review to avoid them. Kabbage Checking is a simple, affordable banking option for small-business owners.

The online business checking account has no monthly fee, no minimum opening deposit requirement and no minimum balance requirement. NBKC's Business Account is a free business checking account with no deposit and no minimum balance requirement. This account includes unlimited transactions, fee-free ATM access through the MoneyPass network and up to $12 in monthly refunds for ATM fees charged by other banks worldwide. The Novo business checking account has no monthly fees, no minimum balance requirements, no ACH transfer fees and no incoming wire fees. This free business checking account also includes unlimited transactions and refunds on all ATM fees worldwide.

Varo does not require you to have a minimum balance when opening your bank account. Furthermore, the bank does not charge monthly fees nor overdraft fees for your checking account. Once you open an account with Varo, you will get a free Visa debit card that you can use in over 55 locations for free. Therefore, you can deposit some money at a later date after opening the account.

Moreover, the checking account has no minimum balance requirement meaning that you can have any amount in your bank account. The Lili Account is a free checking account designed for freelancers, side hustlers, and solo professionals. That's a rare find in a banking industry rife with mediocrity. Drawbacks include high fees for replacement debit cards, high minimum balance requirements for the best annual yields, and no out-of-network ATM fee reimbursements. Approximately 47 percent of checking accounts that don't earn interest are considered free, according to Bankrate's 2020 checking account and ATM fee study.

A checking account is considered free if it doesn't charge monthly maintenance fees or require a minimum balance. You can earn up to 1% cash back on up to $3,000 worth of qualifying debit card purchases per month. The checking account doesn't come with a monthly fee, and you can pair it with a high-interest savings account. Unfortunately, discover only has one brick-and-mortar location, but they do have an extensive ATM network. Marcus offers one of the best high-interest savings accounts currently available.

The APY is 2.00%, and there is no minimum opening deposit required. There are also no monthly maintenance fees, and you can apply for a savings account online. A checking account from Capital One 360 comes with no minimum opening deposit and no monthly fees. In addition, the bank offers mobile banking, mobile direct deposits, online bill pay, and access to 70,000 fee-free ATMs. Most online accounts come with little to no minimum balance requirements or monthly maintenance fees.

Of course, you will sacrifice a certain amount of convenience, but it may be worth the trade-off to find a bank account with better terms. Our checking accounts have all the convenience your lifestyle demands. Enjoy fast, friendly service with easy access to your money. Several bank accounts have no minimums to open and no balance requirements.

We make every day checking easy with the best online and mobile options so you can pay your bills and loans online, anywhere, anytime. Enrollment with Zelle® through Wells Fargo Online® or Wells Fargo Business Online® is required. U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes. For your protection, Zelle® should only be used for sending money to friends, family, or others you trust.

Neither Wells Fargo nor Zelle® offers a protection program for authorized payments made with Zelle®. The Request feature within Zelle® is only available through Wells Fargo using a smartphone. In order to send payment requests to a U.S. mobile number, the mobile number must already be enrolled with Zelle®. To send or receive money with a small business, both parties must be enrolled with Zelle® directly through their financial institution's online or mobile banking experience. For more information, view the Zelle® Transfer Service Addendum to the Wells Fargo Online Access Agreement.

If you're looking to minimize fees, you might want to consider an online checking account. Many of online checking accounts are interest bearing, have no monthly maintenance fees and have low rates for other fees. These accounts are ideal for individuals who don't need access to brick-and-mortar banking branches and who don't write checks frequently.

Bank accounts for students offer several important benefits. To start, they have lower minimum deposit requirements, making them easier to open . Such perks allow young people to learn excellent money management skills without having small mistakes set them back. Student bank accounts offer a low-fee option for high school and college students. The lack of monthly fees, the low minimum deposit requirements, and the offers to waive specific fees all help new account-holders learn the ropes of money management inexpensively. Having a student bank account allows students to keep their focus on their classes rather than jumping through banking hoops to keep their money safe.

While the Discover Cashback Debit Account isn't specifically created for students, it's an excellent option for anyone 18 or older who wants all the perks of a student account, plus a debit card. This account has no monthly fee, minimum deposit, overdraft fee, or ATM fee, all of which you can continue to enjoy even after leaving school. Another big draw is the 1% cash back that you can earn on up to $3,000 in monthly debit card purchases, which generates up to $360 in cash back per year. All three of these business checking accounts have no monthly fees, no minimum deposit requirements and allow you to open an account online. First Citizens Bank offers its free Basic Business Checking account with no minimum balance requirements (after an initial $100 deposit) and no monthly fees when enrolled in paperless statements.

This account includes up to 175 fee-free transactions per month, after that, you'll pay 50 cents per transaction. Instacash is a 0% APR cash advance service provided by MoneyLion. Your available Instacash advance limit will be displayed to you in the MoneyLion mobile app and may change from time to time. Your limit will be based on your direct deposits, account transaction history, and other factors as determined by MoneyLion. You may leave an optional tip and pay an optional Turbo Fee for expedited funds delivery. For a $40 Instacash advance with a Turbo Fee of $4.99, your repayment amount will be $44.99.

Generally, your scheduled repayment date will be your next direct deposit date. An Instacash advance is a non-recourse product; you will not be eligible to request a new advance until your outstanding balance is paid. See Membership Agreement andhelp.moneylion.comfor additional terms, conditions and eligibility requirements. There are free checking accounts that will offer you a competitive APY without charging you fees.

But you'll likely need to set up a direct deposit or make a certain number of debit card purchases to qualify for this higher APY. At some banks, both direct deposit and a minimum number of debit card purchases may be required. This checking account doesn't charge you a monthly maintenance fee and gives you a cash-back option.

You earn 1 percent cash back on up to $3,000 in monthly debit card purchases with this checking account. Ally Bank offers a checking account that doesn't have a monthly maintenance fee or a minimum opening deposit. It also pays interest, 0.1 percent APY on balances less than $15,000 and 0.25 percent APY with a minimum daily balance of $15,000. If you overdraw your account, Capital One offers the ability to opt-in to Next Day Grace, which allows the bank to authorize transactions that exceed the balance in your account. You'll have until the end of the next business day to make your balance positive, or you'll incur a $35 fee. Any bounced paper checks will incur a $9 fee, regardless of overdraft coverage.

Chime offers second chance checking and savings accounts with no monthly service fee and no minimum balance requirement. There are no physical locations, but consumers do have access to the bank's network of 60,000 ATMs across the country. This account has only a $50 minimum to open, but after that - no monthly maintenance fees, no minimum balance requirements, and no overdraft fees. After you reach the 125 transaction-threshold, you'll face a 50-cent fee per additional transaction.