Best Checking Account

Best Free Checking Accounts

Although there are a number of banks out there that are trying to stop providing free checking accounts, there are still a lot of banks out there who are still opening the best free checking accounts. You can find online banks and regular brick and mortar banks that have free checking accounts for you. One bank that quit their free checking account program was Citi Bank. It is possible to get a the fees removed from Citi, but that means that you need to have over $1,500 in your account balance. The best free checking account will be one that is an interest bearing checking account. Your traditional big banks are not the ones who are going to earn you an interest rate in a free checking account. The ones that are offering them are the online banks.

Paying for a checking account will drain your money over time. It is a smart move to take the time to find a free checking account so you do not slowly burn your money away from checking account fees. I think there are a number of banks who think it is a mistake to start charging for monthly checking account fees. There are a lot of people who are going to close their account if they have to pay 7 to 10 dollars to keep a checking account open. It does not make financial sense to keep a checking account that costs you every month when you can easily find a free checking account. Although there might be a shrinking number of free checking accounts right now, there will still be a decent number of banks who are going to give accounts for free to get new customers. To make the smart move of not paying for a checking account, go ahead and get the best free checking account you can.