You’re in luck if you’re looking for a new checking account! We’ve compiled a list of the best checking accounts available right now. Whether you’re looking for a high-yield savings account or want to find a checking account with no fees, we’ve got you covered. Keep reading to find the perfect checking account for your needs!
Think about your needs from a checking account
Almost every online checking account is offered many benefits, but some might not be available to others. Let’s determine what is essential in your check account benefit. Do people see their checking accounts as an investment tool? Use the account that offers an APY credit score. Do people need cash for travel? Find the online bank without charge at an ATM and be reimbursed from your network. When looking for a bank, you should consider if they can help.
Aspiration Summit Checking Account: Best for High-Yield Savings
The Aspiration Summit Checking Account offers a high yield on your savings, up to 0.35% APY. Plus, there are no monthly fees, and you’ll get access to over 55,000 fee-free ATMs. This is a great option if you’re looking for an excellent checking account to help you grow your savings.
APY on balances
over $50,000 is 0.25%
Pros:
- Overdraft fees? We don’t do them.
- No monthly service fees
- Get up to 0.35% APY on your savings
- Access to over 55,000 fee-free ATMs nationwide
Cons:
- None!
Chase Total Checking Account: Best for No-Fee Banking
The Chase Total Checking Account is an excellent option if you’re looking for a checking account with no fees. There are no monthly maintenance fees; you’ll get access to 16,000 Chase ATMs and more than five thousand branches. Plus, you can earn up to $300 when you open a new account and set up a direct deposit.
APY on balances
up to $15,000
Pros:
- No monthly service fees
- Access to 16,000 Chase ATMs and more than five thousand branches
- Earn up to $300 when you open a new account and set up a direct deposit
Cons:
- $25 monthly fee if you don’t maintain a $1500 minimum balance
- Must have Chase savings account to avoid the $12 monthly service fee
- Debit card purchases are rounded up to the nearest dollar, and the difference is deposited into your Chase Savings account.
Capital One 360® Checking Account: Best for Online Banking
The Capital One 360® Checking Account is an excellent option if you prefer to do your banking online. With this account, there are no monthly fees, and you’ll get access to over 39,000 fee-free ATMs. Plus, you’ll earn interest on your checking account balance.
APY on balances
up to $15,000
Pros:
- No monthly fees
- Access to over 39,000 fee-free ATMs
- Earn interest on your checking account balance
Cons:
- Minimum deposit required to open an account
- It might not be available in all states.
Charles Schwab Bank High Yield Investor Checking Account: Best for Travelers
The Charles Schwab Bank High Yield Investor Checking Account is an excellent option if you’re a traveler. With this account, you’ll get reimbursed for all ATM fees charged by other banks worldwide. Plus, there are no foreign transaction fees, and you’ll get access to over 500 branches.
Pros:
- Minimum deposit to open: $0
- Receive reimbursements for all ATM fees charged by other banks worldwide
- No foreign transaction fees
Cons:
- It might not be available in all states
- Minimum balance required to avoid fees
SoFi Money® Account: Best for Cash Back Rewards
The SoFi Money® Account is an excellent option if you’re looking for cashback rewards. With this account, you’ll earn up to $100 in cash back when you sign up and spend $500 within the first three cashback, there are no monthly fees, and you’ll get access to over 55,000 fee-free ATMs.
Pros:
- Minimum deposit to open: $500
- Earn up to $100 in cash back when you sign up and spend $500 within the first three months
- No monthly fees
Cons:
- It might not be available in all states
U.S. Bank Silver Checking Package: Best for Seniors
The U.S. Bank Silver Checking Package is an excellent option for seniors. With this account, you’ll get free paper statements and checks. Plus, you’ll earn interest on your checking account balance and get discounts on other U.S. Bank products and services.
Account-holders must be 62 years or older to qualify
Free paper statements and checks
Earn interest on your checking account balance
Get discounts on other U.S. Bank products and services.
Pros:
- Minimum deposit to open: $25
- No monthly fees for seniors
- Free paper statements and checks
- Earn interest on your checking account balance
- Get discounts on other U.S. Bank products and services
Cons:
- It might not be available in all states
- It might have a higher minimum balance requirement for seniors
Wells Fargo Everyday Checking Account: Best for Students
The Wells Fargo Everyday Checking Account is an excellent option if you’re a student. With this account, you’ll get a waived monthly service fee when you have a qualifying direct deposit of $500 or more per month. Plus, you can link your account to a Wells Fargo Campus ATM or Campus Debit Card to easily access your money.
Pros:
- Minimum deposit to open: $25
- Waive the monthly service fee when you have a qualifying direct deposit of $500 or more per month
- Can link your account to a Wells Fargo Campus ATM or Campus Debit Card
Cons:
- It might not be available in all states
- It might have a higher minimum balance requirement for students
BB&T Bright Banking® Account: Best for Cash Back Rewards
The BB&T Bright Banking® Account is an excellent option if you’re looking for cashback rewards. With this account, you’ll earn up to $250 in cashback yearly. Plus, there are no monthly maintenance fees and access to over two thousand BB&T ATMs.
Average daily cash back of $500 is required to avoid a monthly maintenance fee
Pros:
- Get up to 0.35% APY on your savings
- Access to over 55,000 fee-free ATMs nationwide
- No monthly fees
Cons:
- It might not be available in all states
PNC Virtual Wallet with Performance Spend: Best for Budgeting
If you’re looking for an account that can help you budget your money, the PNC Virtual Wallet with Performance Spend is an excellent option. With this account, you’ll get three sub-accounts to help you save, spend, and grow your money. Plus, there are no monthly maintenance fees, and you’ll get access to over nine thousand PNC ATMs.
Pros:
- Average daily balance of $500 in your checking account
- $25 monthly service fee
- Free paper statements
- Get up to 0.15% APY on your checking account balance
- Access to over 55,000 ATMs nationwide
Cons:
- It might not be available in all states
A bank or credit union might offer a better interest rate on your savings account balance.
In Bottom Line:
As you can see, various checking accounts are available that can fit your needs. Be sure to compare each account’s features and benefits before deciding which one is right for you.
Your best checking account depends on your individual needs and financial goals. If you’re looking for an account with no monthly fees, the Citigroup Access Account is a great option. The Wells Fargo Everyday Checking Account is an excellent option if you’re a student. And if you’re looking for an account that offers cash back rewards, the BB&T Bright Banking® Account is a great option. Whatever your needs, there’s an account out there that’s right for you. Looking for a new checking account? Check out Edfed to compare some of the best banking accounts available.
