Best No Minimum Checking Accounts In 2024


In 2024, no minimum checking accounts are more popular than ever. These accounts have no minimum opening deposit or balance requirements, making banking accessible for more people. With no fees for low balances, no minimum checking accounts provide flexibility and convenience.

This blog post outlines the top no-minimum checking accounts to consider in 2024. We’ll cover the key features of each account, fees, interest rates, and other perks. Read on to find the best no-minimum account for your needs.

Key Takeaways


• Chime offers a popular free checking account with no monthly fees, over 60,000 fee-free ATMs, and early direct deposit. However, there are no check-writing capabilities.

• Varo Bank provides a top-rated account with no minimum balance, up to 2 days faster direct deposits, 55,000+ fee-free ATMs, the ability to earn interest, and cashback rewards.

• Aspiration offers a checking account aligned with values – no monthly fees, cash back rewards, planting trees, and funds sustainable investments.

• Capital One 360 gives reliable no minimum checking with no monthly fees, 70,000+ free ATMs, mobile banking, Zelle payments, and savings tools.

• Ally Bank provides interest-earning checking accounts with no monthly or minimum balance fees, robust customer support, 43,000+ free ATMs, and digital payments.


• CIBC Bank USA offers no monthly fees, no minimum deposit, 30,000+ free ATMs, mobile check deposit, and interest-earning up to 0.20%.

• Key features to evaluate include no fees, digital banking access, ATM availability, interest earnings, and cash back/crypto perks based on personal preference. Expanding consumer choice includes offerings from mainstream, online-only, and fintech banks.

Chime Checking Account

Chime offers one of the most popular free online checking accounts with no monthly fees or minimum balance rules.



• No monthly service fees or minimum balance fees
• Over 60,000 fee-free in-network ATMs for withdrawals
• Early direct deposit allows access to paychecks up to 2 days early
• Automatic savings feature that sets aside 10% of each paycheck into savings
• Overdraft fee alternatives like SpotMe to avoid overdrafts

The main drawbacks of Chime checking are no check writing and a $2.50 out-of-network ATM fee. However, the account is feature-rich overall and ideal for digital banking.

Varo Bank Account

Varo Bank features a top-rated no-minimum checking account with robust mobile banking tools.


• No minimum opening deposit or monthly fees
• Up to 2 days faster direct deposits
• Network of over 55,000 fee-free Allpoint ATMs nationwide
• Earn up to 5% APY interest on account balances
• Cash back rewards on debit card purchases

While Varo lacks physical bank branches, they offer one of the most competitive no minimum accounts. Interest-earning potential and cash-back rewards provide added incentives above most other options.

Aspiration Spend and Save Account

For a no-monthly fee account aligned with your values, Aspiration’s no-minimum checking account is a leading choice in 2024.


• No monthly service or overdraft fees
• Over 55,000 fee-free Allpoint ATMs
• Up to 1% cash back rewards on debit purchases
• Automatically plant a tree with each qualifying account swipe
• Deposits fund sustainable investments

Aspiration lets your money make a positive global impact with cash-back rewards and investments in clean water, reforestation, and renewable energy initiatives worldwide. It’s a great ethical banking option.

Capital One 360 Checking

Capital One 360 provides reliable no minimum checking accounts with robust digital banking features.


• $0 minimum opening deposit and no monthly service fees
• Access to over 70,000 fee-free ATMs nationwide
• Nationwide coverage with phone, online, and mobile banking options
• Zelle person-to-person payments
• Interest-earning options and additional savings tools

Capital One is a well-established national bank now offering leading online checking solutions. From interest-earning opportunities to convenient person-to-person payments, it’s a feature-filled account worth considering.

Ally Bank Interest Checking Account

Ally Bank is an online-only bank providing a top no-minimum checking account with interest earnings.


• No monthly maintenance fees or minimum balance
• Customer support 7 days per week by phone, email, or chat
• Over 43,000 Allpoint fee-free ATMs
• Zelle digital payments to friends and family
• Competitive interest rates paid on all account balances

Ally is a complete digital banking solution with 24/7 customer service and check-writing/debit card capabilities. Combined with interest earnings, it offers meaningful benefits above most competitors.

CIBC Bank USA Agility Account

While newer to the U.S. market in recent years, CIBC Bank USA now provides a solid no minimum account option.


• No monthly service fees
• No minimum opening deposit
• Over 30,000 fee-free CO-OP Network ATMs across the U.S.
• Up to.20% Interest on account balances
• Mobile check deposit capabilities

For a bank that provides both digital account access and branch locations nationwide, CIBC is worth considering. From interest earnings to mobile conveniences, they provide attractive account features.

Regions Now Checking Account

Regions Bank offers the Regions Now Checking account with no monthly fee when you enroll in digital banking statements.


• No minimum opening deposit
• No monthly fee with eStatements
• Expansive branch network spanning across the Southern, Midwest, and Texas markets
• Over 30,000 fee-free ATMs available
• Mobile wallet payment options like Apple Pay and Samsung Pay

Regions Now Checking gives localized, in-person banking conveniences paired with digital account management tools. For Regions Bank markets, it’s a leading no-minimum option if you prefer both online and branch banking capabilities.

Cabot & NOMAD Visa Debit Card

Cabot is an innovative fintech startup offering a unique no-minimum debit card account, issuing cards through their banking partner NOMAD.


• No monthly, annual, or overdraft fees
• Earn 2% crypto rewards and 10% trading discounts on Coinbase
• Access to over 40,000+ Allpoint ATM locations fee-free
• Opportunity to direct deposit paychecks/benefits

As digital banking evolves, a mobile-first fintech like Cabot provides a competitive no-minimum banking solution – especially for crypto users. With their shared mission to make money work for everyone, Cabot delivers an inclusive option that’s accessible and rewarding.


In evaluating no minimum checking accounts in 2024, choose options providing core features like no monthly fees, debit card access, convenient ATMs, and digital banking capabilities. Assess specific offerings like higher interest earnings, cash back rewards, or cryptocurrency perks depending on your needs and preferences.

Many mainstream and online-only banks now provide quality no minimum checking choices without barrier fees. Whether you value branch locations, robust mobile apps, interest earnings, or automated savings tools, research accounts fit your unique financial situation.

From digital banks like Chime and Varo to leading fintech platforms like Aspiration and Cabot, consumers have an expanding range of options. No minimum banking opens opportunities for nearly everyone, regardless of deposit history and past credit issues.

Hopefully, this broad survey of top no-minimum checking accounts will assist you in finding your best personal finance fit this year and beyond. Assessing both big bank and niche fintech offerings side-by-side allows informed choices as digital transformation expands consumer choice.


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