Everything you need to know about free checking accounts

A checking account is more than a place to keep your money; it’s a way to simplify your financial life. And to make money management even easier, EFCU Financial offers convenient and affordable checking account options in Baton Rouge to fit your lifestyle. But just what is an affordable checking account? And what does it entail? From hidden checking account fees, to online banking, we’re covering everything you need to know before opening a “free” checking account.

Are “totally free” checking accounts really free?

Many people looking for free checking accounts in Baton Rouge think banking and maintaining a checking account is expensive. And the truth is, “ totally free” checking accounts may not be what they seem. Some banks and credit unions will offer “free” checking to garner new business; however, some minimal fees may apply when certain thresholds are not met. Learn how to find hidden fees in a “free” checking account below.

Do “free” checking accounts still have checking account fees?

The answer is…usually. Doing your research on “totally free” checking accounts is important to discover overdraft fees, checking account fees or minimum balance requirements associated with your “free” checking account. Before opening a “free” checking account in Baton Rouge, be sure to look for offers that include:

• No Minimum Balance Requirements or Low Balance Fees
• No Monthly Service or Maintenance Fees
• Free Debit Card Included
• Free Online Checking Account Options

Remember that "free" only includes standard services. Certain things like overdrafting, a replacement debit card or requesting a wire transfer may result in account fees from your bank or credit union.

Find more than “free” checking accounts in Baton Rouge

Although “free” checking accounts may not be totally free, you can still find accounts, such as EFCU Financial’s Rewards Checking account, that offer added benefits you wouldn’t find with traditional or “free” online checking accounts. When you open a Rewards Checking account with EFCU Financial, we offer you:

• No Minimum Balance or Low Balance Fee
• No Monthly Service Fee
• High Yield or Cash Back Reward Options
• Nationwide ATM Fee Refunds
• Worldwide CO-OP Shared Branching

When you bank with EFCU Financial, you’ll find a better-than-free checking account in Baton Rouge. As a member, you’ll be part of a credit union that offers exceptional services to help you meet your financial goals, so you can be well on your way to making the most out of your savings. Open a Rewards Checking account to get started, or visit us at efcufinancial.org to learn more about what banking with EFCU Financial means for you.