February 23 2026

CUs Continue to Beat Banks With More Affordable Checking Accounts

CUs Continue to Beat Banks With More Affordable Checking Accounts

Today, 72% of credit unions offer free checking while only 38% of the largest banks offer a similar product, and that percentage is dropping. Five years ago 65% of banks offered free checking accounts.  Minimum balance requirements and overdraft fees imposed by credit unions are more favorable to consumers. [2/27/15]