What is one common feature of free checking accounts?

A common feature of free checking accounts is the absence of a minimum balance requirement. This characteristic allows account holders to maintain their accounts without the pressure of ensuring a specific amount of money is kept in the account to avoid fees. This feature is particularly appealing to individuals who may have fluctuating finances or those who want the flexibility to access their money without restrictions.

Many checking accounts require a minimum balance to avoid monthly maintenance fees or to maintain account status, but free checking accounts eliminate this barrier, making banking services more accessible. This promotes financial inclusivity, as individuals and families can manage their finances without the added burden of maintaining a certain balance.