A recent review of the best no-fee checking accounts of March 2023 has been conducted by a team of experts to provide valuable insight into the most affordable products available. The review, which was based on data from the Federal Deposit Insurance Corporation (FDIC) on national average rates for deposit accounts as of Feb. 21, 2023, revealed that many leading banks and credit unions failed to make the cut due to their high fees.
The lead banking editor behind this extensive evaluation is Taylor Tepper - an award-winning journalist with over a decade of personal finance experience working at Money Magazine and being published in prestigious outlets such as New York Times, Time, Fortune, Bloomberg and NPR. Her years of writing and analytical skills have contributed significantly to identifying only the best no-fee checking accounts for consumers.
According to Tepper's report, the top-performing products proved to be those with minimal charges related to monthly maintenance fees, non-sufficient fund fees or overdraft fees. These types of charges can often accumulate quickly and cause significant financial strain on consumers who are already struggling financially.
While many large banks and credit unions did not make it onto Tepper's list due to charging excessive amounts in fees each month; there were still some notable options that made it through her rigorous selection process. Consumers looking for excellent value should consider these recommendations carefully when choosing their next no-fee checking account:
Overall, Tepper's review of the best no-fee checking accounts for March 2023 highlights the importance of choosing a financial institution that focuses on providing excellent value to consumers. With so many banks and credit unions charging excessive fees these days, it is more important than ever to do your research before opening an account.