Whether you’re looking for your first checking account or want to switch to a different one, the number of choices can be overwhelming. Start by looking for a free checking account. Free checking accounts are a great deal — and they come in various forms.
Here are the five main types of free checking accounts:
- $0 monthly fee with no minimum balance and no minimum deposit requirements
- $0 monthly fee with an opening deposit requirement
- $0 monthly fee with a balance requirement
- $0 monthly fee with age requirement
- $0 monthly fee with direct deposit, military affiliation, bank relationship or another requirement