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How do I open an online checking account?

To open an online checking account, you'll want to look at what's offered by online banks, credit unions and nonbank financial institutions. The best online checking accounts have low or no fees and higher interest rates than traditional banks do, in part because of the money online banks save by not operating branches.

What is a free checking account?

Free checking accounts are those that charge no monthly maintenance fee and have no (or very low) minimum balance or activity requirements—although account holders may still face fees for things like wire transfers, out-of-network ATM usage or overdrafts.

Where can I get a free checking account?

Free checking accounts are typically available from both brick-and-mortar financial institutions as well as online banks. Note that a free checking account may still have some fees. The Consumer Financial Protection Bureau reports these accounts may have ATM fees, overdraft fees and check-printing fees, among others.

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