7 Banks That Offer Free Checking Accounts With No Minimum Balance

Bank5 Connect

We’ve reached the midway point of our list of the 7 banks that offer free checking accounts with no minimum balance, which brings us to Bank5 Connect, which offers an impressive high-interest checking account. The account offers a 0.76% APY on balances as low as $100, which crushes the APYs of many other banks, even when the minimum balance must be significantly higher. Otherwise, there is no minimum balance required after the $10 deposit that is needed to open the account. In addition, Bank5 Connect will also reimburse all of your monthly ATM fees up to a maximum of $15 per month, and offers a UChoose Rewards system, which awards you points for purchases made using your Bank5 Connect Visa debit card, which can then be exchanged for prizes.

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