Home › No-fee, no-minimum checking accounts

No-fee, no-minimum checking accounts

Checking accounts side by side: monthly fees, minimums, interest, ATM access and overdraft rules. Tap a bank name for details.

9 of 12 checking accounts we track have no monthly fee and no minimum to open or keep: UFB Direct, American Express, Bask Bank, Happen Bank, SoFi, Ally, Capital One 360, Chime, Varo.

Account	Free to keep?	Monthly fee	Min to open	APY
UFB Direct Freedom Checking	Yes	$0	$0	2.00%
American Express Rewards Checking	Yes	$0	$0	1.00%
Bask Bank Interest Checking	Yes	$0	$0	1.00%
Happen Bank LevelUp Checking	Yes	$0	$0	1.00%
SoFi SoFi Checking	Yes	$0	$0	0.50%
Ally Spending Account (interest checking)	Yes	$0	$0	0.25%
CIT Bank eChecking	No	$0	$100	0.25%
EverBank Performance Checking	No	$0	$100	0.25%
Capital One 360 360 Checking	Yes	$0	$0	0.10%
Betterment Betterment Checking (nbkc bank)	No	$0	not found	—
Chime Chime Checking	Yes	$0	$0	—
Varo Varo Bank Account	Yes	$0	$0	—

Free to keep? = no monthly fee and no minimum to open or keep. APY = interest rate (top tier where tiered). — = no interest. 'not found' = the bank's page didn't state it when we read it, so check with the bank.

Fees, ATMs & overdraft

UFB Direct · Freedom Checking

APY: 2.00% APY
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 90,000+ fee-free ATMs
Overdraft: not found
Source: bank page (2026-10-12)

American Express · Rewards Checking

APY: 1.00% APY, no minimum balance to earn
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: No fee at Allpoint and MoneyPass ATMs in the U.S.
Overdraft: not found
Source: bank page (2026-10-12)

Bask Bank · Interest Checking

APY: 1.00% APY base rate
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 55,000+ surcharge-free Allpoint ATMs
Overdraft: not found
Source: bank page (2026-10-12)

Happen Bank · LevelUp Checking

APY: 1.00% APY at $2,500+; 0.00% below
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: Happen charges no ATM fee; unlimited rebates of other banks' ATM fees
Overdraft: not found
Source: bank page (2026-10-12)

SoFi · SoFi Checking

APY: 0.50% APY on checking balances, no minimum
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 55,000+ fee-free Allpoint ATMs
Overdraft: No overdraft fees; coverage up to $50 with $1,000+ monthly direct deposit
Source: bank page (2026-10-12)

Ally · Spending Account (interest checking)

APY: 0.10% APY under $15,000; 0.25% APY at $15,000 or more (APY field shows the top tier)
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 75,000+ no-fee Allpoint/MoneyPass ATMs; up to $10 per statement cycle reimbursed for other ATMs
Overdraft: No overdraft fees (CoverDraft and Overdraft Transfer Service)
Source: bank page (2026-10-12)

CIT Bank · eChecking

APY: 0.25% APY with $25,000+ balance; 0.10% below (APY field shows the top tier)
Monthly fee: $0
Min to open: $100
Min balance: $0
ATMs: CIT charges no ATM fees; up to $30/month of other banks' ATM fees reimbursed
Overdraft: No overdraft fees
Source: bank page (2026-10-12)

EverBank · Performance Checking

APY: Tiered APY (shown at $2,500 balance)
Monthly fee: $0
Min to open: $100
Min balance: $0
ATMs: No EverBank ATM fees; up to $15/month of other U.S. ATM fees reimbursed
Overdraft: Overdraft transfer fee $0; overdraft item fee not found
Source: bank page (2026-10-12)

Capital One 360 · 360 Checking

APY: 0.10% APY on all balance tiers
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 70,000+ fee-free Capital One, MoneyPass and Allpoint ATMs; out-of-network owners may charge
Overdraft: No overdraft fees (no-fee overdraft option)
Source: bank page (2026-10-12)

Betterment · Betterment Checking (nbkc bank)

APY: No checking APY stated
Monthly fee: $0
Min to open: not found
Min balance: $0
ATMs: ATM fees reimbursed worldwide
Overdraft: No overdraft fees
Source: bank page (2026-10-12)

Chime · Chime Checking

APY: No checking APY stated
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 47,000+ fee-free ATMs; out-of-network fees may apply
Overdraft: No overdraft fees; SpotMe fee-free overdraft up to $200 if eligible
Source: bank page (2026-10-12)

Varo · Varo Bank Account

APY: No checking APY stated
Monthly fee: $0
Min to open: $0
Min balance: $0
ATMs: 40,000+ fee-free in-network ATMs; out-of-network fees apply
Overdraft: No overdraft fees
Source: bank page (2026-10-12)

More rates

FAQ

Which checking accounts have no fees and no minimum?

UFB Direct, American Express, Bask Bank, Happen Bank, SoFi, Ally, Capital One 360, Chime, Varo (as of 2026-10-12, among accounts we track).

Where do these rates come from?

Each rate is read from the bank's own public page on the date shown and linked. Rates change often: confirm on the bank's site before opening. Not financial advice.

Estimates, not financial advice. Taxes, insurance, PMI and fees vary by lender, county and city; confirm with your lender, dealer and state agency before acting.