Best free checking accounts of September 2025

While interest-bearing accounts such as high-yield savings and money market accounts might seem like the stars of the personal finance world, your checking account is your workhorse. The right checking account lets you access your money for what you need when you need it—and in our opinion, shouldn’t charge you a monthly fee for doing so. To help ensure your money is working for you, the Fortune team has rounded up our top picks for free checking accounts. 

Our top picks for the best free checking accounts of September 2025

Bank details reviewed September 2, 2025.

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Find the best free checking account for you

Hope Credit Union

Why we like this free checking account

Offering an APY up to a whopping 5.12% with no minimum balance, the HOPE Rewards Checking account simply has the highest max APY on our list. Plus, with up to $20 in ATM fee reimbursements per month, this account helps you keep money in your pocket.

What you should know

First, the max APY is on balances up to $10,000 . Balance beyond that earn 0.50% APY. 

And, to get the max APY, you’ll have to jump through a few hoops: In addition to signing up for e-statements and having at least one direct deposit clear your account per statement cycle, you also must have 12 debit card transactions post and clear the account as well as log on to its online banking platform or mobile app at least once in that time frame. If you’re a regular debit card user, this could work well for you. Otherwise, your account will earn 0.10% APY.

Finally, while you do have to join a credit union to open this account, Hope Credit Union makes it easy by simply requiring a $10 membership fee and that you join the Hope Enterprise Corporation.

Hope Credit Union details reviewed September 2, 2025.

Primis

Why we like this free checking account

The Premium Checking account from Primis lets customers earn 4.05% APY regardless of their minimum or maximum balance—that’s pretty unheard of in the checking biz. Plus, with no overdraft fees, free checks, no wire fees or stop payment fees, and even free in-person notary services, this account really is the epitome of “free” checking.

What you should know

There’s a minimum deposit of just $1 required to open this account and earn the APY. And there’s no cap on how large a balance the APY can apply to. 

Primis details reviewed September 2, 2025.

Bank5 Connect

Why we like this free checking account

If you want to maximize your returns, you’ll love that Bank5 Connect offers the chance to earn 2% APY on funds in its checking account. Plus, its Purchase Rewards program lets customers get cash back on a variety of everyday purchases when activated online or through the app. 

The first order of checks is free and customer support can be reached through chat, phone, or video call. Also, Bank5 Connect states that they’ll never charge you for using an out-of-network ATM, and that they’ll reimburse you up to $15 per statement cycle for other banks’ surcharges.

Read our Bank5 Connect review for more info on what this bank has to offer.

What you should know

You must keep a minimum balance of $100 in the account to earn the APY. 

Also, a minimum deposit of $10 is required to open this account.

Bank5 Connect details reviewed September 2, 2025.

NBKC Bank

Why we like this free checking account

For one thing, the Everything Account from NBKC earns 1.75% APY, which the bank advertises as 20 times the national average. Plus, the minimum balance to earn that APY is just a penny.

NBKC also provides access to a large network of more than 90,000 ATMs, and you can get reimbursed for up to $12 a month for out-of-network ATM fees.

What you should know

While there are physical branches for NBKC in Kansas City, Missouri, the bank otherwise operates primarily online.

NBKC Bank details reviewed September 2, 2025.

American Express

Why we like this free checking account

American Express Rewards Checking offers a couple key features we think will appeal to those seeking to make sure their money is working for them at all times. For one thing, the account offers a 1% APY, which is quite strong compared to traditional checking accounts. And for another, you’ll earn 1 Membership Rewards point per $2 in eligible debit card purchases.

There’s no minimum deposit required to open this account. 

What you should know

You must already be an Amex cardholder and have held your consumer credit card for at least 35 days to be able to apply for the Rewards Checking account.

American Express details reviewed September 2, 2025.

What exactly is a free checking account?

Free checking accounts are just that: free to use, with no monthly maintenance fees or requirements in order to have the fee waived. Free checking accounts can be found at banks, credit unions, and online-only financial institutions.

Even though free checking accounts don’t charge monthly maintenance fees, there may be certain fees associated with specific activities or services. The Office of the Comptroller of the Currency (OCC) explains that banks “can offer a free account and still charge for certain services,” including using out-of-network ATMs or overdrafting, for example. The fee schedule for each account will vary by financial institution.

Free checking account pros and cons

There are some obvious upsides to free checking accounts, but there can also be some less obvious drawbacks. Here are some key points to consider when deciding if a free checking account is the best way to manage your money.

Paid checking account pros and cons

If you can get a free checking account, why pay for one that charges a monthly fee? In short, they might come with more premium features. Here are some factors to consider as you weigh this choice.

Are free checking accounts truly free?

Generally, yes. But it’s important to understand that “free” doesn’t necessarily mean there will be no fees whatsoever associated with the account. Sometimes, banks may offer accounts without a monthly fee but charge for a variety of activities, such as falling below a certain balance, receiving paper statements, or using ATMs outside of a specified network.

Financial institutions are required to disclose all fees and charges associated with an account. But it’s up to you to review the account disclosures and agreement when you establish an account.

Depending on which institution you open a free checking account with, there still could be hidden fees. So make sure to do your research prior to opening a free checking account and understand what fees are associated with your account.

Checking account fees to watch for

As a checking account holder, you may incur certain fees depending on your account type, spending habits, and financial institution. A few common fees to look out for include: 

• Overdraft fees: This is a fee most banks or credit unions will charge you when you spend more than what you have in your account. Some overdraft fees can be as high as $40 per transaction.
• ATM fees: Each bank has its own network of ATMs and won’t charge you an extra fee for withdrawing your money. However, if you venture outside of that network and use an ATM owned by a different bank or a third-party provider, you’ll likely be charged a fee. 
• Paper statement fees: Your bank may charge you a fee for printing and sending you a physical copy of your bank statement each billing cycle. An easy way to avoid this one is to sign up for e-statements.

Are free checking accounts safe?

Free checking accounts can be just as safe as those that charge fees, provided they are offered by reputable financial institutions. You should always ensure your account is held by an FDIC- or NCUA-insured institution, which protects your deposits up to $250,000 per depositor, per institution, in the event it fails. 

Banks and credit unions, regardless of whether they charge fees for checking accounts, also employ a range of security measures to protect your account. However, it’s a good idea to double-check that your financial institution uses industry best practices, including web encryption, fraud monitoring, secure online and mobile banking platforms, and two-factor authentication.

In other words, the absence of a monthly maintenance fee doesn’t mean a checking account is less secure. It simply means the bank has chosen a different business model to attract and retain customers.

How to choose the best free checking account

As you search for the right free checking account for your needs, here’s a step-by-step checklist of variables you’ll want to consider before filling out an application:

1. Check the requirements

The requirements to open a free checking account may vary depending on the type of financial institution you’re considering. You’ll also be required to provide a variety of documentation to establish the account, including a Social Security number, driver’s license, or other official government identification. A birth certificate or passport may also be required. You will also be asked for information documenting your address, which could be a mortgage, a utility bill, or a rental lease. Some banks may also have age minimums to open accounts, such as being at least 18 years old. In addition, some financial institutions require a minimum deposit to open an account.

2. Review fees

While the account may be presented as “free”—as in, there’s no monthly maintenance fee—it’s important to specifically ask about or read the fine print on the financial institution’s website regarding other fees associated with the account. You’ll want to find out whether there are ATM usage fees, wire fees, stop payment fees, and returned check fees, to name a few. Make sure you consider all of these costs to determine whether the account truly makes sense for your budget and lifestyle.

3. See what benefits come with the account

It’s not unusual for bank accounts to provide helpful financial management tools that can help you stay on top of your day-to-day spending. But bare-bones accounts may not offer such extra benefits.

Before you start looking for a new checking account, spend some time thinking about what features might be important to you now or in the future. For example, do you need tools that help you manage your cash flow? Some checking accounts offer helpful features in case things don’t go exactly as planned and help you make more informed spending choices. 

4. Research the types of customer service options available

Having easy access to customer service is critical when it comes to managing your money or in the case of fraud or any other needs. Check the financial institution’s website to find out what type of customer service is available with your account, whether it’s phone, email, and/or chat support.

5. Double-check ATM access 

Having a robust ATM network available to access your account is a particularly important convenience factor, especially if you make frequent cash withdrawals or regular deposits. In some cases, the bank offering the free checking account may partner with other providers to broaden the ATM network that its customers are able to access without a fee. But it’s important to specifically ask about this before selecting an account.

6. If everything checks out, open an account 

Once you’ve sorted through all of these questions and any others that are important, it’s time to confirm your eligibility with the specific financial institution you’ve chosen and open the account. To complete this step, make sure to gather all required documents together. In many cases, you can open an account online. But for some traditional banks, you may need to visit the bank in person.

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Methodology

The Fortune team compared over 35 no-fee checking accounts across major banks, credit unions, and online-only banks. Our top picks are available to customers across the U.S. no matter where you’re located, subject to the terms of each checking account. 

We think that the best free checking accounts offer a low or zero monthly service fee, minimum opening deposit requirements, and a lucrative APY, among other perks. We also considered it a positive feature when institutions offer physical branches and free ATM access. 

The rates, fees, and minimum balance requirements on these checking accounts are available for limited time periods, and APYs are subject to fluctuation, which could impact how much interest you earn. All the banks and credit unions on this list are insured by the FDIC and NCUA, respectively.

For our best free checking accounts, we evaluated the following categories:

• Minimum opening deposit requirement: Some financial institutions require that account holders deposit a certain amount to open an account. We prioritized accounts with low and no minimums. 
• Annual percentage yield: APY represents the real rate of return on your balance; the higher the APY, the better. 
• Branch and free ATM access: Accounts belonging to financial institutions that have physical branches and fee-free ATMs ranked higher in our estimation than alternatives that were online-only or charged fees for ATM use. 
• Cash back opportunities: Many checking accounts give you the option to earn a percentage back on either specific purchases or all transaction made on the associated debit card. We favored accounts that offered cash back.
• Mobile and online banking platforms: Accounts that can be accessed and managed via online or mobile banking platforms scored higher on our list than accounts that did not have digital banking services. 
• Overdraft fees: Overdraft fees are charged when there isn’t enough money in your account to cover your transactions. We favored accounts with lower overdraft fees. 
• Customer service: Top picks offer customers three ways to get in contact: chat support, phone, or email. Among the three options, we gave phone support the most weight.