Are there free checking accounts with no deposit requirements?

Fortunately, there are many free checking accounts with no deposit requirements that still offer perks and benefits. On Axos Bank's Website. Cash in on up to a $500 bonus† and up to 3.30% APY* with a new Rewards Checking account. Just use promo code RC500 before July 31, 2024. Terms apply.

Do you need a checking account with no minimum deposit?

Most people need a checking account and don’t want to pay fees or have a minimum deposit. GOBankingRates identified banks with free checking and no minimum deposit requirements so you can find the best checking account for your needs. What’s more, all these accounts have no minimum balance requirements.

What if I don't have a required deposit?

You don’t have the required deposit. If your funds are tied up elsewhere or you are living paycheck to paycheck, even a $100 deposit can be a problem. Whether you can’t commit the money to a deposit or you just don’t want to, a checking account without a required deposit is a good solution. You’re transitioning from another bank account.