Best Free Online Checking Account No Opening Deposit

Online checking accounts are a great way to save money on bank fees. They typically offer lower or no monthly maintenance fees, ATM fees, and overdraft fees than traditional brick-and-mortar banks. And, many online banks offer free checking accounts with no opening deposit required.

List of the 12 best free online checking accounts with no opening deposit

How to choose the best free online checking account for you

When choosing a free online checking account with no opening deposit, there are a few factors to consider:

Monthly fees: Some free checking accounts have no monthly fees, while others may charge a fee if you don’t meet certain requirements, such as making a minimum number of debit card transactions per month.
Minimum balance requirements: Some free checking accounts have no minimum balance requirement, while others may require you to maintain a certain balance in your account in order to avoid monthly fees.
ATM fees: Some free checking accounts offer free ATM withdrawals at all ATMs, while others may charge a fee for ATM withdrawals outside of their network.
Interest rates: Some free checking accounts earn interest on your balance, while others do not.
Other features: Some free checking accounts offer additional features, such as cashback rewards on debit card purchases, mobile check deposit, and bill pay.

There are a few other things you may want to consider when choosing a free online checking account with no opening deposit:

Customer service: Make sure to choose a bank with good customer service. You should be able to get help easily if you have any problems with your account.
Mobile app: Many people prefer to use their smartphones to manage their finances, so it’s important to choose a bank with a good mobile app. The app should be easy to use and allow you to perform all of the tasks you need to do, such as checking your balance, transferring money, and paying bills.
Security: Banks use a variety of security measures to protect their customers’ accounts. Make sure to choose a bank with strong security features to keep your money safe.

Conclusion

Free online checking accounts can be a great option for anyone, but they are especially beneficial for students and people on a budget. By comparing different accounts and choosing the one that’s right for your needs, you can save money on banking fees and enjoy the convenience of banking from anywhere.

Frequently Asked Questions (FAQ)

What banks allow you to open an account online with no deposit?

Here are some banks that allow you to open a US bank account online with no deposit: Ally Bank, Alliant Credit Union, Axos Bank, Capital One 360, Chime, Discover Bank, Go2Bank, Marcus by Goldman Sachs, NBKC Bank, Netspend and OneAmerica Bank.

What free checking accounts have no minimum deposit?

Here are some free checking accounts that have no minimum deposit: Ally Bank Interest Checking Account, Alliant Credit Union High-Yield Checking Account, Axos Bank Essential Checking Account, Capital One 360 Checking Account, Chime Checking Account, Discover Bank Cashback Debit Account and more.

Can I open a checking account without depositing money?

Yes, you can open a checking account without depositing money. Many banks offer free checking accounts with no minimum deposit requirement.

What is the easiest checking account to open online?

The easiest checking account to open online is one that has a simple application process and few requirements. Some banks offer checking accounts that can be opened in minutes with just a few basic pieces of information.

Can I open a bank account online and use it right away?

Once you have opened a bank account online, you may need to wait a few days for your account to be activated. Once your account is activated, you should be able to use it right away.

Can you open a checking account immediately?

Some banks offer checking accounts that can be opened immediately online. However, other banks may require you to wait a few days or weeks for your account to be approved and opened.

What bank is the easiest to open a checking account?

Many banks offer checking accounts that are easy to open online. Some of the easiest banks to open a checking account with include Ally Bank, Alliant Credit Union, and Capital One 360.

Can I open a checking account without going to the bank?

Yes, you can open a checking account without going to the bank. Many banks offer online checking accounts that can be opened entirely online.

How do I open a US bank account from overseas?

To open a US bank account from overseas, you will need to find a bank that offers online checking accounts to non-residents. Once you have found a bank, you will need to complete an online application and provide the required documentation.

Can I open a US bank account from Australia?

Yes, you can open a US bank account from Australia. There are a number of banks that offer online checking accounts to non-residents, including Australians.

Can a foreigner open a Chase account?

Yes, a foreigner can open a Chase account. Chase offers online checking accounts to non-residents, but you may need to provide additional documentation, such as a passport and visa.

Can a non-US citizen open a Wells Fargo account?

Yes, a non-US citizen can open a Wells Fargo account. Wells Fargo offers online checking accounts to non-residents, but you may need to provide additional documentation, such as a passport and visa.

Can you open a bank account in the US without being a resident?

Yes, you can open a bank account in the US without being a resident. However, you may need to find a bank that offers online checking accounts to non-residents. You may also need to provide additional documentation