I actually signed up for a USAA free checking account minutes ago.  Fully online.  Not military -- they just opened it up.  They gave me the option to select an overdraft account.  I chose not to.  So I'll get point of sale declines if I ever were to go in the red.<p>Highly recommend them.  Take pictures of your check with an iphone to deposit.  They cover other banks' ATM fees up to $30/month, so that's pretty much eliminated as well (for me, at least).