FREE CHECKING ACCOUNTS FOR 2020

BBVA Online Checking

BBVA Online Checking is a truly free checking account available nationwide with the exception of Alaska and Hawaii. With a minimum opening deposit of just $25, no ATM fees at more than 64,000 AllPoint®, participating 7-Eleven® and BBVA USA ATMs around the United States, and a fee-free Visa debit card, BBVA Online Checking is a great choice for folks looking to blend the convenience of online banking with the flexibility of traditional deposit accounts.

Simple Checking Account

Earn up to $400 account opening bonus; 1.75% APY on All Protected Goals Account Balances

Simple is a digital banking platform that centralizes banking, budgeting, and saving under one virtual roof. If there’s a headline here, it’s the very competitive yields on balances held in Simple’s Protected Goals Accounts – Simple’s answer to the traditional savings account. The Protected Goals Account earns 1.75% APY on all balances.

Chime Deposit Account

Get Paid 2 Days Early With Direct Deposit; Virtually No Fees

Chime is a mobile-first banking app that merges the low cost of online checking and savings accounts with the convenience of truly on-the-go banking. The headline here is Chime’s promise – subject to the policies of payers and their banks – that its Deposit Account (checking) customers get paid two days faster with direct deposit. If you’re accustomed to Friday paydays but could really use the money on Wednesday, the Chime Deposit Account may be the free checking account you’ve been waiting for.

Varo Bank Account

No Hidden Account Fees

The Varo Bank Account is a user-friendly online checking account with no minimum deposit or balance requirements and no monthly banking fees. Open a Varo Savings Account and meet Varo’s three easy requirements (see below) to earn 2.80% Annual Percentage Yield* on balances up to $50,000 – one of the best online savings yields in the business.

TD Bank Convenience Checking

Student-Friendly Account With Preferred Loan Rates

TD Bank’s Convenience Checking account isn’t technically free, but the $100 minimum daily balance required to avoid the $15 monthly maintenance fee is low enough to render it functionally so.

M1 Spend

1.5% APY and 1% Cash Back on Debit Card Purchases With M1 Plus

M1 Spend is M1 Finance’s free checking product. Technically, it’s a cash management account tied to M1 Finance’s core product, a low-cost automated investing platform. But, with a debit card accepted at millions of locations worldwide and no account minimums, it can easily replace your current checking account.