7 Banks That Offer Free Checking Accounts With No Minimum Balance

To say that the financial crisis devastated the banking sector would be putting it about as plainly as possible. Several banks were shuttered, while others required government bailouts to stay in business. Interest rates plummeted to historic lows (and we mean truly historic, like the lowest they’ve ever been in the known history of humanity), which put further pressure on banks to find alternate revenue streams. Insidermonkey experts made a complete and fulfilled list of 7 Banks That Offer Free Checking Accounts With No Minimum Balance.

Thankfully for consumers that can’t suffer fees for basic banking accounts, there has been a rise in online banking options in recent years which are far more friendly in terms of fees, including those that offer free checking accounts online. Regional banks in USA also tend to be less fee-heavy, partially because they aren’t under the same restrictions that were placed on larger banks coming out of the financial crisis (the Dodd-Frank Act) and have a little more flexibility with their capital. For further bank-related reading, don’t miss the list of the 16 Biggest Commercial Banks in New York City.

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