Banking has gone digital. With the rise of fintechs and online banks, more people are switching to checking accounts that can be opened, managed, and maintained completely online, without the burden of monthly fees. For cost-conscious consumers in the US, UK, and Canada, online checking accounts offer flexibility, low costs, and modern features like instant transfers, budgeting tools, and mobile-first banking.
This guide breaks down the best online checking accounts with no monthly fees in 2025, what makes them unique, and how to choose the right one.
What is an Online Checking Account?
An online checking account is a bank account you can open and manage digitally, usually via a website or mobile app. Unlike traditional banks, these accounts often:
- Have no or low fees
- Offer higher interest rates (sometimes)
- Provide mobile-first features (instant deposits, card freezing, app budgeting tools)
- May not have physical branches
Why Choose an Online Checking Account with No Fees?
- Save money: Avoid monthly maintenance fees ($5–$15 average at traditional banks).
- Accessibility: Bank anywhere, anytime.
- Tech-friendly: Integrates with payment apps and budgeting tools.
- Competitive perks: Cashback, higher APY, and free ATM withdrawals.
Best Online Checking Accounts (2025)
United States Best Online Checking Accounts (2025)
- Chime Checking Account
- $0 monthly fees, $0 minimum balance
- Early direct deposit (get paid up to 2 days early)
- Fee-free overdraft up to $200 with SpotMe
- 60,000+ fee-free ATMs
- Ally Bank Interest Checking
- $0 monthly maintenance fees
- Competitive APY (tiered based on balance)
- Free standard checks
- Strong customer service
- SoFi Checking & Savings
- No account fees
- Up to 4.60% APY (with direct deposit)
- Free ATM network access
- Cashback debit card
United Kingdom Best Online Checking Accounts (2025)
- Monzo Current Account
- £0 monthly fee
- Instant spending notifications
- Budgeting categories built-in
- Free ATM withdrawals up to £200 abroad
- Starling Bank Current Account
- No monthly fee
- 0.05% AER on balances
- International transfers at low cost
- Award-winning mobile app
- Revolut Standard Account
- Free account option
- Instant currency exchange at interbank rates
- Free card freezing and management in-app
- Ideal for frequent travelers
Canada’s Best Online Checking Accounts (2025)
- Simplii Financial No Fee Chequing Account
- $0 monthly fees
- Unlimited debit transactions
- Free Interac e-Transfers
- Access to CIBC ATMs
- EQ Bank Personal Account (hybrid chequing/savings)
- No monthly fees
- High interest (up to 2.50% on balances)
- Unlimited bill payments, transfers, and withdrawals
- Digital-first with mobile app
- Tangerine No-Fee Daily Chequing Account
- $0 monthly fee
- Unlimited everyday transactions
- Access to Scotiabank ATM network
- No minimum balance requirement
How to Choose the Best Online Checking Account
- Fees: Look beyond monthly fees (ATM, overdraft, foreign transactions).
- Interest rates (APY/AER): Some online accounts offer higher returns.
- ATM access: Does the provider offer free ATMs in your region?
- Features: Budgeting, early paycheck access, overdraft protection.
- Reputation: Security, customer service, and reliability matter.
Pros & Cons of Online Checking Accounts
Pros of Online Checking Accounts
- No monthly maintenance fees
- Easy online access
- Advanced mobile app features
- Often better perks than traditional banks
Cons of Online Checking Accounts
- Limited or no physical branches
- Cash deposits can be difficult
- Some services (like notarization, in-person help) are unavailable
Final Thoughts
Online checking accounts with no monthly fees are reshaping the way people bank. Whether you’re in the US, UK, or Canada, there are multiple options that combine low cost, convenience, and modern features.
If you want to save money and bank smarter in 2025, an online checking account may be your best move.
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