For years, many banks regularly offered free checking to customers. But tough economic times drove some financial institutions into retreat and many have stepped away from their generosity of the past. In fact, the Bankrate 2015 Checking Survey shows the number banks offering free checking accounts is at a 12-year low.

Additionally, free checking will often come with restrictions on the type and number of transactions you’re allowed to make on the account, a fee for online banking or bill pay service, a fee for talking to a teller instead of using an ATM, and so on. This might explain part of the reason for the decline of free checking; it’s just not as appealing to consumers as it once was.

However, while you can still find a free online checking account, you can also find checking accounts that pay interest on your balance, while charging no monthly maintenance fees. The Ally Interest Checking Account has a number of great features, including:

  • No minimum opening deposit requirement.
  • No monthly maintenance fee.
  • No fee for online banking, bill pay or Zelle®.
  • You can use any Allpoint no-fee ATM—plus receive up to $10 reimbursement for fees charged at other ATMs nationwide each statement cycle.

Learn more and get started today at or call live, 24/7 customer care at 877-247-ALLY (2559) today.

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