There are many checking accounts on the market, and it can be hard to find the one that’s right for you. That’s why we’re going to show you how to get the best no-fee checking account possible. There are three main ways to keep your account free: getting a promotional offer from a bank, using a credit union, or finding a national bank that offers free checking.
Find a National Bank
The first thing you should do is find a bank with branches in your area. This will be helpful when you need to deposit or withdraw cash from the ATM, and if anything goes wrong, they can help you fix it.
Secondly, look up the closest branch location on Google Maps and see how far away it is from where you live or work. If it’s too far away, make sure that there are still other branches nearby so that if one closes down or doesn’t have the type of account that works best for your needs, other options are available nearby. You don’t want to drive for 30 minutes just because one branch is closed!
Next up: find out if there are any local ATMs at those branches so that when using their services as well as making withdrawals/deposits into their accounts. This also saves time instead of having to drive all over town trying to find one nearby with no wait times!!
Use a Credit Union
The first thing you should know about credit unions is that they are not-for-profit financial institutions. They are owned by the people who use them, meaning members get to vote on major decisions.
Credit unions offer several advantages over traditional banks:
- They have low fees and interest rates on loans and high-yield checking accounts.
- They’re more accessible than larger banks for students and young people since many credit unions offer free checking accounts and student loan consolidation services.
Search for Local Banks
One of the best ways to get a no-fee checking account is to search for local banks. Local banks may offer better interest rates, which means you can earn more on your money while it’s not in use. They are also more likely to give you a higher limit on your checking account, meaning that you won’t have to constantly monitor how much money is in your account to avoid overdraft fees. Finally, some local banks offer free checking accounts without any minimum balance requirements or monthly fees.
Ask a Bank About a Promotional Offer
Certain banks offer special promotions for new customers. Be sure to ask about these when you make the initial call, but don’t hesitate to ask again over email or in person if they aren’t disclosed initially. You should also ask if any other promotional offers are available at that time, such as free checking accounts, special offers for customers with a history with the bank or who can meet a certain number of transactions each month. SoFi experts recommend using their platform as “SoFi doesn’t charge any account fees on your checking and savings accounts.”
Finding the best No Fee Checking Account is a lot easier than you might think. With so many options available to consumers today, you can find one that meets all of your needs. If you’re looking for more information on how to choose a checking account, be sure to check out our other blog posts on this subject!
