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Are you 50+? Learn About the Best Checking Accounts for Seniors


If you’re a senior, you may qualify for a senior checking account that comes with multiple advantages. Generally, you will have to be at least 50-60 years old to qualify, though different banks may have different eligibility criteria.

Some perks of senior checking may include:

  • Good interest rates.
  • Free checks and paper statements.
  • No monthly maintenance fees.
  • No or low minimum opening deposit.
  • Waived or reimbursed out-of-network ATM fees.

Some banks with senior citizen checking accounts may also offer special protections, as seniors are often the targets of financial fraud.

Here are some of the best checking accounts for seniors according to experts:

TD Bank 60 Plus Checking: To qualify for TD Bank’s accounts for seniors, you must be at least 60 years of age. You get free checks and no monthly maintenance fee if you have at least $250 in your account.

BB&T Senior Checking: If you’re 55 or older, BB&T’s senior citizen checking account offers you free checks and no monthly maintenance fee, as long as you receive a minimum amount of direct deposits each month or keep a minimum balance.

Bank of America’s Advantage for Seniors Checking: You must be at least 55 years of age to qualify. This senior bank account offers free checks, free safe deposit box rental, special rates for savings accounts, and other perks.

By Admin