Checking Account Tips: You Versus Free Checking

Everyone enjoys freebies. From supermarket sampling opportunities to parking at a broken meter, free is always good. With that in mind, many banks are giving out free checking accounts to help consumers better manage their finances and at the same time help banks to build better relationships with the customers they serve – in that way everyone can thrive. It’s great to have a free checking account, however, like all decisions it is important that you research which free checking account is right for you, since there are lots of banks that offer free checking accounts with different characteristics.


Not all accounts will serve all purposes for every depositor, so it is up to you to decide what you really need out of your free checking account and then prioritizing so you can get the most value out of the account.

Some options to consider when opening a free checking account are:

  • No caps on amount of checks written per month
  • Complimentary debit card
  • Free online banking
  • No minimum balance
  • No fee direct deposit
  • Overdraft protection
  • Per gratis online bill paying

In return for all the perks associate with free checking accounts you will probably not be able to receive complimentary stop payments and  no cancelled check return fees. As long as that is not a major concern of yours and the free perks work with your financial goals and purpose for the free checking account, go for it. Checking accounts are designed to be used as an instrument to pay your debt and provide consumers quick access to liquid funds. If you plan on using a checking account for its intentionally designed purpose, then a free checking account is for you!