Top 5 Banks With a Free Online Account

Getting a free online account can be a great way to save money. It may also be a great way to get started with your finances if you haven’t had much experience with financial institutions. Fortunately, there are many free online account options available to choose from, and a lot of them are high-rate accounts that will save you a lot of money in the long run.

Capital One 360 Checking Account

Whether you’re an old hand at banking or you’re just looking for a new way to keep your money safe and secure, Capital One’s free online checking account is a good choice. You can open your account online, at a local branch, or via the Capital One Mobile app. All of these methods are free and easy to use.

In terms of interest rates, Capital One 360’s free online checking account is competitive with other free online checking accounts. It offers a 0.10% APY on all balances, which is more than the national average of 0.04%. Moreover, you’ll get access to over 40,000 Capital One ATMs.

Another interesting feature is the app, which offers a number of built-in savings tools. In addition to depositing checks, you can use the app to transfer money from your other accounts. You can also use the app to lock and unlock your debit card.

Alliant Credit Union High-Rate Checking Account

Founded in 1935, Alliant Credit Union offers members a wide range of financial services. It is the fifth largest credit union in the United States. In addition to checking accounts, Alliant offers savings, business, and supplemental accounts.

Alliant’s high-rate checking account features a 0.25% APY, and it does not have a minimum balance requirement. It is also FDIC insured for $250,000 per depositor. Unlike other checking accounts, it does not charge monthly maintenance fees. However, it does require at least one electronic deposit per month.

Alliant also offers overdraft protection on savings accounts. When you are behind in payments, Alliant moves funds from your savings account to cover the transaction. You can also opt to have overdraft protection on your checking account.

Ally Bank

Whether you are searching for a checking account, a money market account, or a certificate of deposit, you may want to consider an Ally Bank free online account. This online bank offers competitive rates, high service, and a wide variety of other banking products.

Compared to other banks, Ally offers a number of high-tech options, such as online account management, mobile banking, and investing opportunities. Ally also offers several CD options, including certificates of deposit, high-yield CDs, and No-Penalty CDs. These options range from three months to five years and offer varying terms and rates.

You can open an Ally Bank free online account in just a few minutes. You will need a Social Security number and a US mailing address. You will also need to provide your name, date of birth, and occupation.


TIAA Bank (formerly EverBank) is a full-scale retail bank, but it also offers online banking and high-interest savings options. Its banking services are available to consumers throughout the United States. Its main physical locations are located in Florida. EverBank offers online check deposits, CD accounts, money market accounts, mortgages, and brokerage services.

EverBank’s Yield Pledge Checking is an online interest earning checking account. This is one of the best free Checking accounts around. During the first year, EverBank pays an introductory bonus interest rate of 1.40% on the first $100,000 in your account.

The EverBank Yield Pledge Checking is also notable for offering a free monthly bill pay service. EverBank also offers a free postage-paid deposit envelope. It also features an automatic rollover feature for your funds.

Huntington National Bank

Whether you’re looking for a personal checking account or a business account, Huntington National Bank has a variety of options to choose from. In addition to standard checking account benefits, you can earn cash bonuses and take advantage of other features.

For starters, Huntington offers a free account that doesn’t charge any fees. You can use the Huntington Quick Balance feature to check your balance, make transfers, and view your pending transactions. You can also receive free email statements and paper statements via mail.

Huntington National Bank also offers free overdraft protection. This feature lets you avoid overdraft charges by pulling your balance up by midnight the day before. Huntington offers this service for free on all business accounts.

Huntington also offers five free ATM withdrawals per month. Additionally, Huntington’s mobile app is available for both Android and iOS devices. Using the app is easy and convenient.