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Open bank account online free no deposit

Open a free online bank account with no deposit - A checking account is a must-have tool, but it can come with maintenance costs that can increase quickly. Many banks also require that you make a minimum initial deposit when opening a new account.

Open bank account online free no deposit

The following three checking accounts are free to open and require no initial deposit, making them ideal if you are just starting out and don't have a lot of money to save. They also come with other benefits, such as higher-than-average interest rates and an early direct deposit option.

1. Allied Interest Account

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Balances less than $15,000 qualify for 0.10% annual percentage yield (APY), while balances $15,000 and higher qualify for 0.25% APY. No minimum opening deposit and no monthly maintenance fees, easy to open an account, and

Ally is very transparent about her fees. However, be aware that Ally does have excessive transaction fees. This fee applies if you exceed six transactions with money market accounts (such as online transfers and mobile banking) per reporting cycle.

Allied Interest Account Benefits:

  1. No opening deposit
  2. No monthly maintenance fee
  3. 0.10% APY on minimum daily balance less than $15,000, and 0.25% APY on minimum daily balance of $15,000
  4. Ally eCheck Deposit allows to deposit checks from your smartphone
  5. Free use of 43,000 Allpoint ATMs and reimbursement of up to $10 for other ATM fees per cycle

2. Axos Bank Essential Check

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Axos Bank is an FDIC insured bank that has been in business for 20 years. NerdWallet recognized Axos as offering the best checking account, and Go Banking Rates awarded Axos the title of Best Online Bank.

With an Essential Check Account, you can perform banking transactions completely online. Axos' innovative banking platform integrates with applications such as Mint and Venmo and allows you to combine multiple accounts into one simplified view.

Benefits of an Axos Essential Current Account:

  1. No minimum deposit
  2. There is no minimum balance requirement and also no free monthly maintenance fees
  3. No overdraft fees
  4. Unlimited ATM replacement
  5. Initial direct deposit up to 2 days before payday
  6. Free check and Visa debit card when you open an account

3. Find Cashback Debit

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Although traditionally known for its credit cards, this online bank also offers a Debit Cashback checking account which is full of perks. Opening a free checking account is simple and does not require an initial deposit.

The true value of this account lies in its debit card rewards. You can receive 1% cashback on purchases up to $3,000 every month. If you open Find Savings Account Online, you can choose to have your prize automatically deposited into your savings account. Or, simply choose to get the reward back as cash.

Discover the Benefits of a Debit Cashback Account:

  1. Get 1% cashback on debit card purchases up to $3,000 every month
  2. No minimum deposit
  3. No monthly fees and no minimum balance requirements
  4. No fees for transfers to external banks
  5. No online bill payment fees and no check order fees
  6. Access over 60,000 ATMs for free