10 Best Checking Accounts Of 2025
Some banks offer free overdraft protection or limit the number of fees per day. Chase’s Total checking accounts Checking account is known for its robust mobile banking features. The Chase mobile app offers mobile check deposit, bill pay, fund transfers, and real-time alerts to keep track of your spending. Chase also provides access to over 16,000 ATMs and more than 4,700 branches.
Texas Capital Bank also scored well on our review of customer satisfaction metrics. While Discover offers 60,000 fee-free ATMs, you won’t receive ATM reimbursements if you use an out-of-network ATM. Consider this account if you have a Charles Schwab brokerage account, use ATMs frequently and don’t mind sacrificing rewards for lower fees.
E*Trade Max-Rate Checking from Morgan Stanley Private Bank
If you value the ability to access and control your checking account from your smartphone, finding an account with the best mobile banking features is essential. The best mobile banking apps allow you to check your balance, transfer money, deposit checks, and even pay bills—all from the palm of your hand. We also favored those accounts with zero monthly maintenance fees (or a simple way to waive them) and low minimum balance and minimum deposit requirements. To open a high-interest checking account, visit a bank (or credit union) online or in person.
Grasshopper Bank Review: Innovator Business Savings Account
For instance, many banks now allow you to deposit checks by simply taking a picture of them with your phone’s camera. This can save you time and hassle, especially if you don’t have access to a physical branch or prefer the ease of banking from home. When choosing an account with robust mobile banking features, look for a bank that offers an intuitive and secure mobile app with comprehensive capabilities.
This account is especially beneficial for those who regularly make purchases with their debit card. Discover also offers free access to over 60,000 ATMs nationwide and no monthly fees. Almost everyone has a checking account to deposit paychecks and cash for monthly expenses. Checking accounts stand out for being easily accessible, but, unlike savings accounts, checking accounts generally don’t accrue interest.
- As a rule, it’s a good idea to avoid any accounts that charge a monthly fee, whether you’re choosing a teen checking account, a college bank account or any other checking account.
- We factored minimum deposit requirements (5%) and minimum balance requirement to avoid a monthly fee (5%) in this category.
- Many checking accounts come with fees, but the types and amounts of fees can vary greatly from one account to another.
- That’s because checking accounts are designed primarily for everyday spending and bill payments.
- Many of the best checking accounts on our list come from online-only banks because those banks tend to charge fewer fees and offer more perks.
Best for Mobile Banking Features
However, it’s important to be aware of any conditions that come with these high yields, as failing to meet them could result in a lower interest rate or fees. However, business accounts tend to have higher fees than personal checking accounts. Some accounts charge monthly maintenance fees, and others charge for features like wire transfers or paper checks. It’s essential to choose an account that aligns with your business’s needs, whether you’re just starting out or running a large enterprise. To earn the highest interest rates, you may need to meet certain requirements. For example, you may need to make a certain number of debit card purchases per month or maintain a specific balance in your account.
nbkc bank Everything Account
When it comes to checking accounts, the offerings from credit unions and banks are often similar enough, but the institutions themselves differ. Commonly, banks are for-profit corporations owned by shareholders, while credit unions are member-owned, not-for-profit entities. Credit unions are also known for involvement in their community, including providing loans to small businesses. The good news is you can find checking accounts that don’t charge monthly maintenance fees as well as make it easy to avoid other common tolls. Prepaid debit cards are like regular debit cards, but instead of being linked to a checking account, you load it with cash in advance.
- Chime also offers early direct deposit, allowing you to access your paycheck up to two days earlier than traditional banks.
- With so many options out there, it can be overwhelming to figure out which account fits your needs.
- These accounts often come with features tailored to the unique needs of businesses.
- This account is only good for customers who are comfortable banking solely online.
Some accounts also come with financial education tools to help teach young people about budgeting, saving, and spending wisely. Many high-yield checking accounts only require activity like debit card use or direct deposits, not large balances. When shopping for a checking account, consider factors such as monthly fees, interest rates, overdraft policies, ATM fees and access to customer service. Make sure that you’re getting the features and services you want from your bank. American Express Rewards Checking is available to American Express customers who have had a consumer credit card for at least 35 days.
The competition: Other checking accounts you can consider
Traditional checking accounts often come with access to a physical branch where you can speak with a representative in person if needed. While this is great for those who prefer face-to-face banking, it might not be necessary for everyone. Axos Bank is an online bank whose personal financial products include banking, investing, retirement funds, mortgages, personal loans, auto loans and marine loans. It also offers small business banking, commercial banking and commercial lending. Moreover, Capital One promotions in 2025 offer a generous checking bonus, providing an excellent opportunity for new customers to earn extra cash simply by opening a checking account. Like savings accounts, but also commonly come with debit cards and/or check-writing privileges.
Also, some banks offer additional budgeting tools within their mobile apps. These tools can help you track your spending habits, categorize your expenses, and even set up savings goals. If you value financial planning and want to make smarter decisions with your money, a checking account with these tools can be incredibly beneficial. Keep in mind that business checking accounts typically have more stringent requirements, such as business documentation, EIN (Employer Identification Number), and proof of ownership. These accounts are not intended for personal use, and banks will often ask for additional information to verify your business’s legitimacy.
The NBKC Bank Everything Account scores highly among its users for its customer service, competitive yields and easy application process. Moreover, folks generally believe the bank’s representatives are responsive and professional when dealing with customer issues. Some users experienced delays with cash deposits and occasional technological issues, but most report an overall positive sentiment about the bank. Some accounts charge a fee when you use an ATM outside of their network, while others provide access to fee-free ATMs within a certain network. If you frequently withdraw cash, an account with a broad network of fee-free ATMs could save you money in the long run.
By understanding which services are most relevant to your life, you’ll be able to make an informed decision and end up with the best possible checking account for you. The best checking account is the NBKC Bank Everything Account, which earned 5.0 stars thanks to its combination of low fees, convenient customer service features and high interest rates. In our independent analysis, it beat out 157 checking accounts offered by 66 nationally available banks and credit unions. Choosing the right checking account is an important step in managing your finances, and it all comes down to your individual needs.
Chime is an online-only bank that offers a no-fee checking account with absolutely no monthly maintenance fees or minimum balance requirements. In addition, Chime provides access to over 24,000 ATMs nationwide with no fees. Chime also offers early direct deposit, allowing you to access your paycheck up to two days earlier than traditional banks. A top performer in the high-yield checking accounts category, Consumers Credit Union offers an unmatched interest rate—provided you meet monthly requirements such as debit card usage and direct deposits.