Today's checking accounts have more features than ever before. There's a lot to consider when opening a new account. A no-fee checking account is essential for some, and overdraft protection is a must-have for others. The best checking accounts should make it easy to access your money, be flexible in how you can spend it, and be insured.

Here, we've researched for you and listed the best features to look for when opening a new checking account.

ATM network and branch presence

Having an ATM near work, home, or wherever you travel can be necessary for convenience. A bank’s branch presence and number of ATMs will vary, and some may be solely online. Check with a financial representative to learn the exact number and coverage nationwide.

Many credit unions are part of the Co-op Shared Branch network, meaning you're welcome at over 5,000 shared credit unions nationwide. You'll also have access to over 30,000 surcharge-free ATMs across the United States. Locate a credit union near you and discover a spectrum of services.

No-fee checking account

No-fee accounts offer convenience without cost. In many cases, a no-fee checking account has requirements. Some require members to set up direct deposits or maintain a balance to avoid fees. Visit your financial institution and find ways to save through a no-fee checking account.

Low minimum balance

Students, retirees, or anyone whose income fluctuates may benefit by opening a low minimum balance account. This type of account can require as little as five dollars to keep open. If you fall below the minimum, you'll be charged a fee, and fees vary.

There are different low minimum balance accounts. Knowing the difference will help you avoid fees.

• Minimum daily balance

• Minimum monthly balance

• Average minimum balance

Interest bearing checking

Opening a high-interest checking account is a good idea if earning interest is essential. This checking account earns interest based on the average monthly balance. Since it makes interest, these accounts usually have large minimum balance requirements.

Important considerations:

• Interest is subject to taxation.

• Some high-interest accounts are available only online.

• Potential fees include overdraft, monthly maintenance, and foreign-ATM fees.

Overdraft protection

Overdraft fees can be expensive and drain your account quickly. Overdraft protection, also known as bounce protection, provides overdraft coverage for bills. If you don't have enough funds to cover an expense, overdraft protection can cover the amount. Your financial institution will typically charge a fee whenever this feature is needed.

Direct deposit

Direct deposits are funds deposited into your account electronically. Rather than using a paper check and depositing through a teller or ATM, funds are transferred through ACH or Automated Clearing House. Direct deposit offers members security and time-saving benefits, including:

• No lost or stolen checks

• Quick access to funds

• No waiting at the bank or ATM

Many employers can directly deposit an employee's percentage of their pay or a flat number into multiple accounts. For example, 50% can be deposited into a checking account and the remaining into a savings account.

To set up a direct deposit, you'll need the following:

• Routing number

• Account number

• Voided check

• Bank address

Online banking

Online banking allows members to access their accounts through the Internet. Members must create an account and profile; all tasks are done through a laptop or desktop computer. Online banking differs from a mobile banking app, where all financial transactions are done through a smartphone. Online banking allows members to do various financial tasks and offers great convenience.

• View accounts any time, day or night

• Print or view a back history of statements

• Apply for loans or credit cards   

• Transfer money to different accounts

Free checks

Personal check writing isn’t what it used to be. Members prefer the convenience and ease of using a debit card or app payment options such as Apple Pay or PayPal. However, many credit unions continue to offer free checks with accounts. Contact your local credit union to see if this feature is available.

Credit unions offer checking accounts with great features

Credit union checking accounts generally have lower fees and higher interest rates than traditional bank checking accounts. Many credit unions also offer free checking accounts, which can be an excellent option for those who want to avoid monthly maintenance fees. Credit union checking accounts are insured by the National Credit Union Administration (NCUA).

Did you know?

With so many excellent checking account features, choosing can be challenging. Think about what benefits and perks are essential – and which aren’t. Credit unions are well known for their exceptional customer service.  A credit union representative can help you open the correct account. Join one today, and you'll become part of a nationwide network. With access to thousands of ATMs and NCUA-insured accounts, your money will be there when and where you need it.