Best Free Checking Accounts of 2024 - NerdWallet (2024)

"SpotMe® on Debit is an optional, no fee overdraft service attached to your Chime Checking Account. To qualify for the SpotMe on Debit service, you must receive $200 or more in qualifying direct deposits to your Chime Checking Account each month and have activated your physical Chime Visa® Debit Card or secured Chime Credit Builder Visa® Credit Card.

Qualifying members will be allowed to overdraw their Chime Checking Account for up to $20 on debit card purchases and cash withdrawals initially but may later be eligible for a higher limit of up to $200 or more based on Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Debit limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime's sole discretion. Although Chime does not charge any overdraft fees for SpotMe on Debit, there may be out-of-network or third-party fees associated with ATM transactions. SpotMe on Debit will not cover any non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. SpotMe on Debit Terms and Conditions: https://www.chime.com/policies."

Chime also says: "Once the retailer accepts your cash, the funds will be transferred to your selected Chime Account. Barcode and debit card cash deposits land in the Checking Account. Credit Builder card cash deposits first go through your Card Account and then land in your Secured Account. Cash deposit fees may apply if using a retailer other than Walgreens and Duane Reade."

Best Free Checking Accounts of 2024 - NerdWallet (2024)

FAQs

What banks are paying $500 to open an account? ›

What banks give $500 bonuses for checking accounts?
  • Citi Checking: $500 Bonus.
  • Flushing Bank: Personal Checking Account - $500 Bonus.
  • Utah First Credit Union: Personal Checking Account - Up to $500 Bonus.
  • Fidelity Bank (PA): Personal Checking and Savings Account - $500.

Which bank does not charge a fee for checking accounts? ›

We found that Axos Bank, Discover, PenFed Credit Union, nbkc and EverBank are the best banks with no fees. They all offer some of the top no-fee checking accounts. However, some may carry stop payment, overdraft or wire transfer fees.

What bank will give me money to open an account? ›

The 10 best checking account bonuses of September 2024
Checking accountBonus amountDirect deposit required
BMO Relationship Checking$500$7,500
All Citibank Checking accounts$300$1,500
Chase Bank Total Checking$300$500
Wells Fargo Everyday Checking$300$1,000
6 more rows
Sep 3, 2024

What bank gives you $200 to open an account? ›

TD Bank: $200 bonus

You can earn $200 by opening a new TD Signature Savings or TD Simple Savings account. A deposit of at least $10,000 from funds outside of TD Bank is required into a new TD Signature Savings or Simple savings account and a balance of $10,000 or more must be maintained for 90 days to earn this bonus.

Which banks are offering money to switch in 2024? ›

Best bank switch offers 2024
Bank accountMoney for switchingMonthly fee
TSB Spend and Save£100None
Halifax Current Account0% interest-free overdraft for six monthsNone
Chase current account£0None
Sep 3, 2024

What is the $3000 bonus at Chase bank? ›

These are the bonus tiers: Earn $1,000 when you deposit $150,000 to $249,999.99. Earn $2,000 when you deposit $250,000 to $499,999.99. Earn $3,000 when you deposit at least $500,000.

What banks don't charge bank fees? ›

Best No-Fee Chequing Accounts In Canada For September 2024
  • Featured Partners.
  • Best Chequing Accounts In Canada For 2024.
  • EQ Bank Savings Plus Account.
  • EQ Bank Joint Savings Plus Account.
  • Tangerine Bank No-Fee Daily Chequing Account.
  • First Nations Bank of Canada Value Chequing Account.
  • Motus Bank No-Fee Chequing Account.

Which bank offers free account opening? ›

With IDFC FIRST Bank, you pay zero charges on all commonly used Savings Account services.

What is the best free online bank? ›

Summary of Best Free Checking Accounts With No Deposit
AccountForbes Advisor RatingMinimum Deposit Requirement
SoFi Checking and Savings Account4.6$0
NBKC Bank Everything Account4.6$0
Connexus Credit Union Xtraordinary Checking4.6$0
Ally Bank Spending Account4.5$0
1 more row
Aug 26, 2024

Do any banks give you money for opening an account? ›

Halifax Reward

Another bank to give you money for opening an account is Halifax. Its Reward account offers £100 when you open it and start a switch before 4 May 2021. Just remember that this account has a £3 monthly fee, but this is waived if you pay in more than £1,500 a month.

What is the Capital One checking offer for 2024? ›

Here's the full scoop on how to earn your $250 bonus:

Open a 360 Checking account on or after August 22, 2024, using promotional code CHECKING250. Set up and receive at least 2 Qualifying Direct Deposits each of $500 or more to your 360 Checking account within 75 days of account opening.

What bank has the best signing bonus? ›

Best checking account bonuses
  • Bank of America: $200 bonus.
  • Chase Bank: $100 to $3,000 bonus.
  • Citibank: $300 bonus.
  • PNC Bank: $100 to $400 bonus.
  • Wells Fargo Bank: $300 bonus.
  • TD Bank: Up to $300.
  • SoFi: Up to $300.
Sep 1, 2024

What is the new account bonus for Bank of America 2024? ›

Open a new Bank of America Advantage Banking personal checking account online, using offer code TWA200CIS. Then, set up and receive qualifying direct deposits totaling $2,000 or more into the account within 90 days of account opening to receive a $200 bonus.

What bank is the easiest to open a checking account? ›

Summary: Easiest Bank Accounts To Open in 2024
AccountApproximate time to complete application
SoFi Checking and Savings Account: Best for Member Perks1 to 3 minutes
Varo Bank Account: Best for Cash Advances2 to 3 minutes
Wise: Best for Non-Residents1 to 3 minutes
Chime® Checking Account: Best for Bad Credit3 to 4 minutes
4 more rows
Aug 26, 2024

Which banks give money for switching? ›

Student account switching offers
BankPerk
Nationwide£100 in cash and £120 of Just Eat vouchers
HSBC£125 in cash
Lloyds Bank£110 in cash
NatWestA tastecard which is valid for four years
2 more rows
7 days ago

Which bank is the cheapest to open an account? ›

Bankrate's picks for the top free checking accounts
  • Discover Bank, Cashback Debit Account: Earns 1% cash back on eligible debit card purchases, $0 minimum deposit.
  • NBKC Bank, Everything Account: 1.75% APY; $0 minimum opening deposit.
  • Ally Bank, Interest Checking Account: 0.10%-0.25% APY; $0 minimum opening deposit.

Do you need 500 dollars to open a bank account? ›

A minimum opening deposit of $25 to activate your account (once you've been approved). This can be paid with a credit, debit or prepaid card, a transfer from another U.S. Bank account or a transfer from another financial institution.

What is the $300 bonus at U.S. Bank? ›

You'll get a $300 bonus when you deposit $5,000 in a U.S. Bank Silver Business Checking account and $800 bonus when you deposit $30,000 in a U.S. Bank Platinum Business Checking account. Maintain that balance for at least 60 days after opening your account.

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