So you have a basic checking account. You likely use it everyday. Fees? Random for what? 
There is no minimum balance required with these banks. All minimum balances means is you have a set amount of money that you don’t get to use. Ever. That’s just not smart.
Here are the options to just keep its simple. Your money is your money, use it when you want.
1. Capital One 360 Free Checking
Its so easy and simple.
Capital One 360 Free Checking has an easy-to-use app that lets you pay bills, move money and deposit checks anytime just by using your phone. Its free and has no minimum balance requirement. You’ll earn interest on the money in the account starting at .2% for balances under $50,000.
2. Ally Interest Checking Account
You keep a higher balance in your account this one is for you.
Ally’s Interest Checking has most of the standard features like:
- No maintenance fees
- No minimum balance requirement
- No minimum opening deposit
- Easy online access
You’ll earn interest with this account. For balances under $15,000 you’ll earn .1%, which is just ok. But, if you tend to have $15,000 or more on hand, you can earn .5%.
Ally will reimburse you for up to $10 worth of ATM fees charged by other banks per statement cycle.
3. Schwab Bank High Yield Investor Checking Account
You already invest with Charles Schwab this one is for you.
Charles Schwab isn’t just for investing anymore. Their High Yield Investor Checking is a free account with .15% APY on your balance. It also features unlimited ATM fee rebates worldwide. That’s pretty cool if you travel a lot.
There is one little catch. You need to have a Schwab One brokerage account linked to your checking to avoid the maintenance fees. It may not be for everybody, but if you already invest, this one is for you.
4. NBKC Personal Checking Account
You really want that interest rate., this one is for you.
The NBKC Personal Checking Account gives you all the basics plus a $12 per month allowance for those ATM fees. This account gives you a whopping 1.01% interest on all balances with no minimum. That’s a pretty sweet deal. Theres $0 overdraft and non-sufficient funds charges, so if you tend to overextend your money, you won’t get dinged.
This account has a minimum opening deposit of $5, does that fit your budget?
5. Discover Cashback Debit
You like the sound of cash back, this one is for you.
The Discover Cashback Debit account has no fees ever, for anything, honest. Its real selling feature is 1% cash back on up to $3,000 debit card purchases each month. Use it for everything and when you get that $30 or $40 back, go to dinner on them.
6. Chime Bank Account
You want your paycheck to show up early. Yep, it comes early.
This online bank is pretty great. No fees, no minimums and no overdraft penalties. Where the Chime Bank Account separates itself from the pack is with its feature that gives you your paycheck two days early. When you sign up for direct deposit, Chime will put the money in your account as soon as they receive notice of the payment. No waiting for it to clear. That means you’ll have the money available to use up to two days sooner than your coworkers. Sound good?
7. Simple Checking Account
You need a checking account, but need help saving too, this one if for you.
Its basic, but if you’re looking for a free checking account with no minimum balance and one that will help you start saving, Simple’s Checking Account is it for you. When you open this account you can start a savings account, a Goal.Savings . You’ll get tips on how much you can save each month based on your spending with their Safe-to-Spend feature. Money will get put away automatically to your Savings Goal account where it will earn a very nice 2.01% APY.
8. USAA Free Checking
You appreciate customer service, this one is for you.
You don’t have to be an active or former military member, either. If your parent was in the military and a USAA member, you’re eligible. Once you sign up for a free checking account, your spouse and kids become eligible, too. This account comes with all the bells and whistles including early paydays for new recruits and a Quick Balance check that lets you check your balance without logging on.
It does require a $25 minimum opening deposit.
9. T-Mobile Money
It could pay for your phone bill,
Bet you didn’t know T-Mobile is more than a phone company. Yep, but they also offer their customers a pretty sweet banking deal with T-Mobile Money. This no-fee, no minimum bank account comes with a whopping 4% APY for account balances up to $3,000 and 1% after that. That’s $120 per year for a $3,000 balance. If you carry a significant balance in your account, you may just earn enough interest to pay your cell phone bill — and you don’t even have to have your cellular through T-Mobile to get a bank account.
Bonus too, they’ll spot you $50 if you accidentally overdraft without any penalty.
