The following is a sponsored partnership with Radius Bank.
Many readers have been telling me how difficult it is to find a checking account without monthly fees. I’ve noticed the same trend: large banks increasingly charge monthly maintenance fees for ordinary checking accounts, and you shouldn’t have to pay for basic banking.
If you’re searching for a checking account with no monthly fees and no minimum balance requirements, this article outlines a solid option.
Radius Hybrid is a free checking account that can be opened online in under five minutes. It stands out from many traditional checking products because it offers a competitive interest rate—0.85% APY—on qualifying balances. That rate is not a short-term promotional offer and does not drop after a few months. There’s also no cap on the balance that can earn the 0.85% APY. As with most reputable banks, account balances are FDIC-insured up to $250,000.
Key features of Radius Hybrid include:
- Earn 0.85% APY on balances of $2,500 and up
- No monthly maintenance fees
- Unlimited ATM fee rebates
- Mobile payment compatibility (Apple Pay, Google Pay, and Samsung Pay)
- No minimum balance requirements
To open a Radius Hybrid account you need a minimum deposit of $10 and either a Social Security number or an Individual Taxpayer Identification Number for identity verification.
Beyond the core benefits of the Radius Hybrid account, Radius Bank provides additional tools and services designed to simplify money management, including personal financial management (PFM) features, the Radius Card mobile app, and Radius Pay a Friend.
The Radius Card app, available for smartphones and tablets, helps you monitor and protect your funds and your debit card. A useful security feature lets you instantly disable your card from the app if it’s lost or stolen—saving the hassle of locating phone numbers or waiting on hold to report a problem. This immediate control can prevent unauthorized charges faster than calling support.
The app also offers practical spending controls, such as setting spending limits and location-based restrictions. Merchant-specific limits can be set to help curb spending in particular places, offering a gentle yet effective way to stick to your budget.
Personal Financial Management (PFM) tools are included with the Radius Hybrid checking account. These tools make it easier to track finances and stick to a plan: calculate net worth, build and monitor a budget, link external accounts for a complete financial picture, and create strategies to reduce debt.
Radius Pay a Friend allows you to send money using a recipient’s email address or mobile number. It simplifies splitting bills and paying back friends or family without needing cash or checks—payments can be sent instantly.
With a checking account like Radius Hybrid, you get practical tools to manage money better and save on everyday banking costs thanks to features like no ATM fees and smart spending controls.
Interested in learning more about Radius Hybrid?