Choosing the right bank and the right account starts with assessing your own banking needs.

  • How many checks do you expect to write each month?
  • Are you likely to do your banking in person at a bank branch?  Over the Internet? At ATMs?
  • Will you need overdraft protection?
  • How important are other bank products and services?

This website includes information on accounts that are part of the Basic Banking for Massachusetts program.  The accounts are low cost but they may not be right for every customer.  For example, some banks have limitations on the number of checking account withdrawals each month.  If you are likely to make more than the number of allowed withdrawals, these accounts can be costly.

But, this is a good place to start.  Answer the questions below and Basic Banking for Massachusetts will help find the banks and the accounts that best match your preferences.  If it turns out that a Basic Banking account will not meet your needs, we will give your information later on how to find out about other bank accounts.

For checking accounts:

For savings accounts:

All Basic Banking checking accounts:

  • Require no more than $25.00 to open the account
  • Charge a monthly fee of no more than $3.00
  • Provide at least 15 free withdrawals, including at least eight (8) checks per month
  • Charge no more than $1.00 for each withdrawal over the allowable number of free withdrawals

All Basic Banking savings accounts:

  • Require no more than $10.00 to open the account
  • Charge no monthly fees on account balances of $10.00 or more
  • Charge a monthly fee of no more than $1.00
  • Pay interest on all account balances of $10.00 or more


Search For Banks

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Click a term to initiate a search.

Type of Account


Free On-Line Banking

Free Out of Network ATM Usage

Payment of previous over draft required before opening new account

Outgoing International wire transfers