does anyone know the best bank to get free checking and savings accounts?

Answer 1

See if there's a credit union you qualify for. Not only are those things free, but there are many other benefits as well.

Answer 2

It depends what you're looking for. I've found that by far the best bank for me is INGDirect. They offer both free checking and free savings, thats right, free, no hidden fees, ever. Right now their savings accounts earn 4.5% apr, and their checking accounts earn 4.0%. They require no minimum balance either. Everything is online and there is very little paperwork. In order to open a checking account you need to open a savings account. You can easily transfer money between accounts, and link accounts from other banks and transfer that way, no transfer fees.

There is one catch (there's always a catch) which may or may not affect you. You can not operate a checkbook through their checking account, at least not in the traditional manner. They will give you a debit card for your checking account, and free online bill pay, and if you do need a check written they will mail the check for you, free of charge of course. The debit/atm card has no fees either, so if you use it at a no-charge atm, there wont be any unexpected charges.

The bank might not be for you (some people dont trust online banks like that) but they are FDIC insured and very reputable, and definately worth a look.

Oh, and if you know anyone else that has an account there, have them refer you and you'll both get free money!

Answer 3

It all depends on your area. A lot of banks offer free checking but with exceptions, and limits. Be careful and ask a lot of questions. Go do some "shops". You go to different banks asking about the exceptions and restrictions. Some want you to open it with a certain amount, others want you to maintain a certain amount. I work in a bank that has no limits or minimum to open. Ask around, call around, they have to tell you the info. They can't not tell you anything with the promise of your business. If they won't tell you, then move on , they aren't for you!
Good Luck!!

Answer 4

If you are located near a Wachovia, it is your best bet. Their customer service is amazing and the online banking is very easy to use. The only drawback is if you use another banks atm, Wachovia charges you $2.00 on the back end. I hardly ever use ATM's, but if this is something that you use a lot, then I would check another bank like Bank of America. Both banks have free checking.

Answer 5

Bankrate is an excellent online resource for all things financial.

They have comparisons for everything from bank accounts to CD's and loans.

Check them out here: http://www.bankrate.com/

For specific bank account comparisons clink on the "Checking & Savings" tab.

Then select either:
"checking accounts"
"MMAs/Savings accounts"
"MMAs-- IRAs Accounts".

Hope this helps!

Answer 6

Where are you located?