How to Save Money with this FREE Online Checking Account (2024)

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Finding the perfect checking account that meets all yourbanking needsand one that adapts to your lifestyle can be a very difficult and time consuming decision with all the options out there to choose from these days. If you’re not careful your checking account can eat away at your savings without you even realizing it from hidden fees.Banks and other financial institutions spend big money on appealing television, online, and direct mail advertising to try and win over your business. However they usually never disclose the fees associated with their checking accounts.

Today, I want to talk to you about an absolutely FREE online checking account and how to use it to save money, keep your finances organized, and track all your spending with it. I have multiple checking accounts and this is by far one of my favorites. Chances are you never heard of this bank because they do very minimal advertising, most of their business comes from references and word of mouth. This bank is ranked in the top 25 banks for their services, which makes it ironic how few people actually know about this great bank and the outstanding financial services they offer, such as their free checking accounting.

Manychecking accounts charge monthly maintenance fees, fees to deposit checks, statement fees, ATM fees, debit card fees, and other fees. Most people think they haveto pay these ridiculous checking account fees and may not realize that overtime these fees really add up. If your bank currently charges you any of thesefees associated with your checking account, you should considered another bank or financial institution. In the paragraphs that follow, I’ll explain how you can eliminated banking fees, manage your finances, track all your spending, and save money with thisawesome and totally free checking account that comes fully loadedand conveniently adapts to your lifestyle!

Who Offers This One-of-a-kind Checking Account?

The name of this bank is BBVA Compass. Whether or not you ever heard of them,BBVA Compass is a leading banking franchise and ranked in the top 25 largest U.S. commercial banks based on market deposit share. They have truly amazing customer service and make it their mission to find financial solutions for every customer.

I’m going to talk about theirClearChoice Free Checking Account, butI also love their Certificate of Deposit (CD) for the competitive rates they offer.

It Has Awesome Benefits

It’s 100% Free!Enough said.

Open & Manage Your Account Anywhere, Whenever.Besides this checking account being 100% free! It also has many other great benefits and features I admire. One beingthat it’s an online checking account, so you can open an account and manage your account anywhere, at anytime.

It’s a National Bank. They’re a national banking franchise, so they have brick-and-mortar bank locations which are located across the nation. This is nice if you ever wanted to supplement your online banking with in-person banking.

No Monthly Service or Maintenance Fees. This is a huge benefit! Most checking accounts offered by other banks will often charge you some type of service or maintenance fee. BBVA Compass’sClearChoice Free Checking will never charge you a monthly service or maintenance fee!

No ATM Fees. You will never be charged a fee to use one of BBVA Compass’s ATM’s to access your money!

Mobile Banking and Online Banking. This is a must for anyone who wants to be able to do ALLtheir banking from anywhere, anytime. You’ll have full-access to your account from anywhere with your mobile device or computer. You’ll be able to fully manage your account, transfer money, and monitor your spending anytime, 24/7.

Write Unlimited Checks!

Personalize Your Debit Card.When you open your free checking account, you’ll receive aVisa debit card which you’re able personalize the way it looks and set up alerts associated to your card. You can add aphoto of yourself on your debit card or other really cool pictures and photos you have! You can also create customized alerts for transactions made with your debit card, which makes it easy to monitor your spending and transactions.

How to Apply for this Free Checking Account

Step 1: Go to their Free Checking Website Page

The first thing you have to do is go to the BBVA CompassClearChoice Free Checking Account webpage by clicking here.

Step 2: Apply Online

After clicking on the link provided above. Apply online for your ClearChoice Free Checking Account, by clicking the“Apply Now”button.

Step 3: Choose the Style of Your Debt Card

On thispage you can choose the style of your debt card or go with the basic default card style option. Then click the “Continue” button.

Step 4: Fill in the Application

Fill in all the required information on the application.

Step 4: Fund Your Account

Step 5: Review & Confirm Your Account Information

It’ll ask you to review and confirm your account information on this page. Once you’ve completed this, you’re done!

Summary

How to Save Money with this FREE Online Checking Account (7)

Article Name

How to Save Money with this FREE Online Checking Account

Description

Learn how you can save money and eliminate banking fees with a BBVA Compass Free checking account!

Author

Tyler

Oddball Wealth

How to Save Money with this FREE Online Checking Account (8)

How to Save Money with this FREE Online Checking Account (2024)

FAQs

What is the best free online bank? ›

Discover Bank, Varo Bank, SoFi Bank, Ally Bank and Axos are our top picks for free checking accounts. The best free checking accounts have no minimum balance requirement and offer cash back rewards for debit card purchases.

Is free checking really free? ›

Under banking laws and regulations, a bank cannot advertise an account as "free" if it charges a regular maintenance or activity fee for the account. But the bank can offer a free account and still charge for certain services, such as check printing, ATM use, or overdrafts.

What bank has a free checking account with no minimum deposit? ›

Summary of Best Free Checking Accounts With No Deposit
AccountForbes Advisor RatingLearn More
NBKC Bank Everything Account4.6Learn More Read Our Full Review
Connexus Credit Union Xtraordinary Checking4.6Learn More Read Our Full Review
Ally Bank Spending Account4.5Learn More On Ally Bank's Website Member FDIC
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Apr 11, 2024

Can I make a bank account online for free? ›

Can you open a bank account online for free? There are free online bank accounts—both checking and savings—that require no deposit. Some banks will require you to put a little money in your account when you create it. This is called a minimum opening deposit, and it can vary based on the type of account you choose.

Which bank opens a free account? ›

Top Zero-Balance Savings Account for Indian Citizens:
BankFeatures
HDFC Zero Balance AccountFree RuPay debit card or international debit cardFund transfers through NEFT and RTGSIVR based phone bankingFour free cash withdrawals at other bank ATMs
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Is there a free bank account? ›

Ally offers interest on its free checking account as well as nationwide ATM fee reimbursem*nts of up to $10 a month. Interest rate: 0.10% or 0.25% APY, depending on balance. Minimum deposit to open: $0. Other pros: Ally customers have free access to more than 43,000 Allpoint ATMs nationally.

What is simply free checking? ›

Features. No monthly fees, no requirements, and no minimum balance. Free box of Provident checks (first box only)001. Free Overdraft Transfer Protection002. Round Up Savings Program: This optional account is a simple, easy, and automatic way to save your hard earned money or pay down debt.

What bank does not charge a monthly fee? ›

In many cases, banks that offer no-fee checking are online-only banks, small regional banks or credit unions. We found that Axos Bank, Discover, PenFed Credit Union, nbkc and EverBank are the best banks with no fees. They all offer some of the top no-fee checking accounts.

What is a no cost checking account? ›

Quick Answer. No-fee checking accounts have no monthly maintenance fees, but you might encounter other service fees, like overdraft fees or check fees, depending on how you use the account.

Which bank has a free debit card? ›

IDBI Bank Basic Savings Account Features and Benefits

Get an ATM cum Debit Card (free of cost) and cheque book on request.

What bank is the cheapest to open an account? ›

But when looking at banks with a proper value proposition, FNB is once again the cheapest. This is again because of the comprehensive list of costs that are included in the monthly fee of R99. Only the purchase of electricity has an extra cost of R3. In second place is Nedbank, which was in last place in 2023.

Can you have a checking account with no money? ›

Some banks may allow you to open a checking account with no deposit, while others may require a small initial deposit. Even if there are no minimum deposit or balance requirements, there may be fees associated with the account. Read the fine print carefully and find out about any fees or charges before signing up.

Which bank account can be opened online instantly? ›

Instant account opening is easy with HDFC Bank. All you need is a working mobile number, Aadhaar number and a PAN number to open an account.

What bank is the easiest to open a checking account online? ›

Summary: Easiest Bank Accounts To Open in 2024
AccountApproximate time to complete applicationMinimum opening deposit
SoFi Checking and Savings Account: Best for Member Perks1 to 3 minutes$0
Wise: Best for Non-Residents1 to 3 minutes$0
Chime® Checking Account: Best for Bad Credit3 to 4 minutes$0
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Apr 2, 2024

How to start a bank with no money? ›

Can I start a bank with no money? In theory, yes, but you'd better have friends with deep pockets and in high places. Because of the lofty capitalization requirements, most banks are formed as corporations run by a board of directors, whose investors are often local business or community leaders.

What is the #1 online bank? ›

The 10 best online banks: our top picks
InstitutionTop savings APYTop checking APY
Ally Bank4.20%0.25%
Laurel Road5.00%0.01%
Everbank5.15%0.40%
Capital One4.35%0.10%
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What is the most trusted online bank? ›

Top Online Banks in April 2024
  • Discover Bank. Best Overall. ...
  • SoFi Bank. Best Budgeting Tools. ...
  • Ally Bank. Seamless Online Experience. ...
  • Varo Bank. Strong Savings APY. ...
  • LendingClub Bank. Competitive CD Rates. ...
  • Upgrade. Great For Payday Advances. ...
  • Alliant Credit Union Bank. Best Online Credit Union. ...
  • FNBO Direct Bank. Competitive Savings APY.

What is the best bank to use without fees? ›

We found that Axos Bank, Discover, PenFed Credit Union, nbkc and EverBank are the best banks with no fees. They all offer some of the top no-fee checking accounts. However, some may carry stop payment, overdraft or wire transfer fees.

What bank doesn't charge a monthly fee? ›

Ally Bank has no physical locations and relies on a top-notch digital customer experience to acquire business. Its Spending Account has no monthly fee or minimum balance stipulation. You can open the account with any amount of money and earn 0.10% APY on balances below $15,000 and 0.25% on balances over $15,000.

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