A free checking account is now offered by many banks. The conditions are in part still very different. Comes in everyday life hardly anyone now days still without a checking account. Salaries will be deposited to the bank account, cashless retail payments will be debited from the current account and also bills can easily pay through the current account. Services, for which many banks still high charge. However, there are also numerous free checking accounts with no monthly fee is calculated.
There were mainly direct banks that offered the free account management to their clients, until a few years ago so now many brokerages have taken, to offer a checking account for free. However, not every free checking account is also really unconditionally free. Many vendors make the free account management to certain conditions that must be met for the necessarily keep the account permanently free of charge. In many cases there is also a monthly Minimum input, who must deal regularly with the account. Permanently below this minimum input such as salary payments lack of, many banks charge an account maintenance fee again.
When choosing a free checking account you should respect therefore necessarily product-specific rules, so that the free account cannot be a cost trap. However, there are also numerous offers, where accounting takes place not only in principle free of charge, but under which account-holders enjoy numerous other benefits. So for example, some banks have taken, to equip the account holder in addition to the mandatory ec card with free credit cards from VISA or master card. In many cases, these cards, which annual fee can cost typically up to 50 euros, allow free withdrawals of cash around the globe.