Citizens Financial launches checking account with no overdraft fee

Providence, R.I.-based Citizens Financial Group Inc. launched Citizens EverValue Checking, a new checking account with no overdraft fees, designed to increase banking access for underbanked and underserved communities.

The new account offers protection from overdraft fees and has a fixed monthly cost of $5, no nonsufficient fund fees and 24/7 banking with mobile deposit and Zelle.

Additionally, Citizens Student Checking has no minimum balance to maintain, no monthly maintenance fee and no overdraft fees.

In October 2021, the company introduced a new deposit feature to help customers avoid unexpected overdraft fees.

Citizens Financial also announced that it will roll out a new account feature in the second quarter of 2022, which will allow customers to receive their direct deposits up to two days early.