Welcome to our guide on the best no monthly fee banks in the United States. If you’re tired of bank charges, you’re in the right place. This guide helps you find the best free US bank accounts for your financial goals, without monthly fees.
Banking fees can really hurt your wallet. Monthly fees at big banks can cost $4 to $25. ATM fees outside your bank can be $2.50, and the ATM itself might charge $4.77. It’s important to know how to avoid these fees.
This guide looks at no-fee banking options to help you avoid extra fees. These can range from $3 to $25 per transaction. Knowing which banks offer the best deals can save you a lot of money.
Choosing the right bank can be tough with so many options. Banks like Ally Bank offer a 3.80% APY with no minimum deposit. UFB Direct has a 4.01% APY with similar terms. Digital Federal Credit Union even offers a 6.17% APY with just a $5 deposit. These banks make banking cheaper and easier.
Many banks also offer benefits like no ATM fees at in-network ATMs and cashback on purchases. The goal is to find a bank that meets your needs without hidden fees.
Explore our guide to learn how to save more by choosing the right bank for your goals.
Discover the Best No-Fee Checking Accounts
Finding the best no-fee checking accounts means looking at rewards, ATM access, and interest rates. Our team checked over 100 banks for fair advice. We highlight top free checking accounts from banks like Discover, Capital One, and Ally Bank.
Discover Cashback Debit: This account is a top pick for its cash back rewards. Users get 1% cash back on up to $3,000 in debit card purchases monthly. Plus, Discover has over 60,000 fee-free ATMs.
Capital One 360 Checking: Capital One 360 Checking has a wide ATM and branch network. It offers over 39,000 fee-free ATMs. It also has no maintenance fees or minimum balance requirements.
Ally Bank Interest Checking: Ally Bank Interest Checking has APYs up to 0.25% on balances. It also has access to over 43,000 Allpoint ATMs without a fee. Ally Bank even reimburses up to $10 per month for out-of-network ATM fees.
We’ve compared key features and benefits of top free US checking accounts:
| Bank | Account Name | Key Features | Fee-Free ATM Access |
|---|---|---|---|
| SoFi | Checking and Savings | 4.00% APY on savings, no fees, early direct deposit | 37,000+ |
| Capital One | 360 Checking | Extensive ATM network, mobile deposit | 39,000+ |
| Ally Bank | Interest Checking | APY up to 0.25%, ATM fee reimbursements | 43,000+ |
| Discover | Cashback Debit | 1% cashback on purchases | 60,000+ |
| Chime | Spending Account | No fees, overdraft protection up to $200 | 60,000+ |
Each free checking account has its own benefits. From cash back to wide ATM networks, there’s a perfect fit for everyone. These options ensure you find the best no-fee checking account for your needs.
Top Credit Union Options with No Monthly Fees
Credit unions offer big advantages over traditional banks. They don’t make money from fees and give better interest rates. Alliant Credit Union, Affinity Plus Federal Credit Union, and Bethpage Federal Credit Union are among the best for no fees.
These credit unions have high interest rates and few fees. Alliant Credit Union has a top checking account with a great APY. It also has over 80,000 free ATMs across the country.
Affinity Plus Federal Credit Union has many account options with different APYs. They also have low minimum opening deposits. Plus, your savings are insured up to $250,000 by the National Credit Union Administration.
Bethpage Federal Credit Union is known for its free ATM network and high interest rates. They have 32 branches in New York and let non-residents open accounts online. This makes it easy to access their services.
| Credit Union | Notable Feature | Number of Branches | Free ATM Network |
|---|---|---|---|
| Alliant Credit Union | High-rate checking account | Online only | 80,000 ATMs |
| Affinity Plus Federal Credit Union | Flexible account options | Over 29 in Minnesota | CO-OP Network |
| Bethpage Federal Credit Union | High interest rate accounts | 32 in New York | CO-OP Network |
Credit unions often have better deals than banks. They offer higher rates on savings and CDs. They also have a huge network of over 30,000 fee-free ATMs. Even with fewer branches, they meet their members’ needs well, leading to high satisfaction and financial gains.
Guide to Banks with No Monthly Fee US
Many Americans look for banks with no monthly fees to save money. In the US, several banks offer accounts without fees. These accounts often come with features like free ATM access, good interest rates, and easy online banking.
About 45% of checking accounts in the US have no monthly fees. This makes it easy for customers to find no-fee accounts. Here are some top US banks with no-fee accounts, along with their features and customer ratings:
| Bank | Account | APY | Apple App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Ally Bank | Interest Checking | Up to 0.25% | 4.7 | 2.3 |
| Capital One | 360 Checking | 0.1% | 4.8 | 4.5 |
| NBKC Bank | Everything Account | 1.75% | 4.4 | 4.2 |
| SoFi | Online Checking | 0.50% | 4.8 | 3.8 |
| Discover Bank | Checking Account | N/A | N/A | N/A |
For more detailed comparisons, check out Bankrate’s guide on no monthly fee banks in the US. Also, consider each bank’s ATM access policies. For example, Charles Schwab Bank offers unlimited ATM fee reimbursements worldwide and a 0.10% checking APY.
There are many bank options available, from online banks like Discover Bank with a 3.75% APY on savings, to traditional banks like Chase with attractive sign-up bonuses. This guide to banks with no monthly fee US helps you find the best one for you.
High-Yield Savings Accounts for Maximizing Savings
High-yield savings accounts are a great way to grow your savings. They offer much higher interest rates than regular savings accounts. With rates up to 5.00% APY, they help you save more.
Zynlo Bank and SoFi offer top-notch high APY savings accounts. SoFi has a great APY and no fees or minimum deposits. The LendingClub LevelUp Savings Account also stands out with its 4.75% APY and no minimum deposit.
When choosing the best high-yield savings accounts, consider interest, deposit requirements, and fees. For more information, check out this comprehensive guide. By carefully evaluating these factors, you can find accounts that meet your financial goals. This way, you maximize your savings returns.
