In fact, choosing the wrong checking account could result in excessive fees that eat into your balance. The good news: There are plenty of free checking account options that you can take advantage ...

A checking account is generally the most basic type of bank account. It's a safe place to store your spending money with not much of a return. With a premium ... and even free financial advice.

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Free business checking accounts don't charge monthly fees. The best no-fee small-business checking accounts limit additional expenses, too, by offering free ATM access or no overdraft fees.

Meanwhile, some banks require an initial deposit in the thousands to open an account. If you're looking to avoid fees, CNBC Select rounded up the best free business checking accounts available.

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A checking account is a great place to safely store money for daily expenses and bills. If you want to avoid fees and unnecessary restrictions, opening a free checking account is the right move.

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