Compare free checking accounts - Roost
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Best free checking accounts for renters of 2021

Compare free checking accounts

You have many options as a renter to pick the best free checking account for you. Roost looks at no fees, high interest, app experience and customer experience to recommend the best checking account for you. 

Monthly Fee
$0
Min Balance**
$0
APY
4.09% APY

Product details

  • All above plus
  • Unlimited reimbursements for any and all ATM fees
  • Earn up to 4.09% APY*on balances up to $10,000 
  • Remote check deposits from mobile app
  • Just $5 to open

Terms and conditions

We offer over 30,000 surcharge-free ATMs nationwide and we refund fees charged by other bank ATMs when you meet your minimum Rewards Checking requirements.  The top rate of our Rewards Checking account is 80X the national average based on FDIC’s published National Rate for balances <$100,000 for savings accounts. **Minimum $5.00 opening deposit required.

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Monthly Fee
$0
Min Balance
$0
APY
1.25% APY

Product details

  • All above plus
  • Rewards checking up to 1.25% APY with $1,000 or greater monthly deposits.
  • No monthly fees for savings
  • No overdraft or NSF fund fees
  • Unlimited Domestic ATM withdrawals
  • Remote check deposits from mobile app

Terms and conditions

The Rewards Checking Account allows you to control your interest rate reward based on the products/services used during the month. This is a tiered, interest earning variable rate account. All daily collected balances up to and including $150,000 will earn interest based on the combined rate rewards. All daily collected balances greater than $150,000 will not earn interest. Your annual percentage yield can be as high as 1.25% based on the following combined rate rewards: direct deposits (not including intra-bank transfers from another account) totaling $1,000 or more each month will earn .4166%; at least ten (10) point-of-sale transactions per month using your Rewards Checking Visa Debit Card for normal everyday purchases with a minimum of $3 per transaction will earn .4166%; and adding five (5) or more point-of-sale transactions per month using your Rewards Checking Visa Debit Card for normal everyday purchases with a minimum of $3 per transaction will earn .4166%. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to the account. At the time of your statement cycle date we will determine the combined products and services used since the previous cycle date to determine the aggregate interest rate to apply to your current statement cycle. We will use the daily balance method to calculate the interest on your account. Please see our Schedule of Interest Rates on our Website for the current interest rates and annual percentage yield. We may change the interest rate paid for products and services used and the annual percentage yield at the Bank’s discretion any time without notice. Fees may reduce earnings.

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Monthly Fee
$0
Min Balance
1 cent
APY
0.50% APY

Product details

  • All above plus
  • No minimum deposit to open
  • Early direct deposit 
  • No overdraft or NSF fund fees with SpotMe
  • Automatic savings feature
  • Real-time app alerts for all transactions
  • Remote check deposits from mobile app

Terms and conditions

Early Payday: Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.

No Hidden Fees: Out-of-Network cash withdrawal fees apply. Third-party and cash deposit fees may apply.

SpotMe: Chime SpotMe is an optional, no fee service that requires $500 in qualifying direct deposits to the Chime Spending Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases initially, but may be later eligible for a higher limit of up to $100 or more based on member’s Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime’s discretion. SpotMe won’t cover non-debit card purchases, including ATM withdrawals, ACH transfers, Pay Friends transfers, or Chime Checkbook transactions.  See terms and conditions

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Monthly Fee
$0
Min Balance
$100
APY
0.10% APY

Product details

  • All above plus
  • Up to $30 ATM reimbursement per statement cycle.  
  • $100 to open an account
  • Transfer, pay and purchase via Mobile Zelle, Billpay, Samsung Pay and Apple Pay.
  • Remote check deposits from mobile app

Terms and conditions

The Annual Percentage Yields (APY) and interest rates are effective as of November 24 2020. Fees may reduce earnings. Checking APYs and interest rates are variable and may change at any time without prior notice, including after account opening. The minimum opening deposit for eChecking is $100. See Fee Schedule and Agreement for Personal Accounts for details.To obtain the interest rate and APY disclosed, the minimum balance for the applicable balance tier must be maintained. Must have bank account in the US to use Zelle.

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Monthly Fee
$0
Min Balance
$100
APY
0.10% APY

Product details

  • All above plus
  • Early direct deposit 
  • No overdraft fees
  • Automatic savings feature
  • Real-time app notifications available
  • Remote check deposits from mobile app
  • $50 referral bonus

Terms and conditions

Varo Bank, N.A. Member FDIC. The Varo Bank Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted. *Early access to direct deposit funds depends on the timing of the payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.

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Roost strives to keep its information accurate and up to date. This checking account information may be different than what you see when you visit a financial institution, service provider or specific product’s site.  When evaluating checking accounts offers, please review the financial institution’s Terms and Conditions.