easy online bank account
What you should know: The main Simple account doesn't earn interest. Also, consider how you use your account: Do you order official checks or overdraw your account occasionally? If you partially fulfill these requirements, you receive a lower rate. At nbkc, you’ll find no monthly fee, no charge for returned (bounced) payments, no overdraft or insufficient funds fees, free stop payments, and free wire transfers. Choose a bank that can make your life easy. Ally is an online-only bank with a no-fee checking account with a notable rate and a high-yield savings account. Online checking accounts tend to charge fewer fees than traditional banks since online providers have lower overhead. We surveyed more than 150 banks and credit unions with online checking accounts, and we’ve highlighted the following categories: We partnered with the following banks to bring you the checking account offers in the table below. Online bank accounts from Discover include no hidden fees, 24/7 U.S.- Based customer service and 60,000 no-fee ATMs in the U.S. Open an online bank account today. Chase Bank customers have access to 16,000 ATMs and nearly 4,900 branches. It also offers unlimited ATM fee reimbursements, a rare perk, and up to two-day early direct deposit. No in-person customer service. With online banking, you can access your account securely day or night. However, this does not influence our evaluations. 0.03%. This may influence which products we write about and where and how the product appears on a page. APY, but you'll have to jump through a couple of hoops. Special features: You can earn 1% cash back on Radius debit card transactions that are either online or require a signature. Online institutions typically don’t have branches, which may be a deal-breaker for customers who prefer face-to-face assistance. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. And for cash deposits, you’ll need to use a third-party service, such as Green Dot, to fund your account and typically pay a fee. It doesn’t charge monthly service fees or overdraft fees. It’s an estimate of the amount you can afford to spend based on your balance, upcoming bills and savings goals. What you should know: You need at least $2,500 in your account to take advantage of earning interest or cash back. That applies to ATM fees inside the U.S. and worldwide, and Schwab does not charge a foreign transaction fee when you use your debit card abroad. Safe Debit Account is subject to certain account limitations and eligibility requirements, including on the use of bill pay and mobile check deposit. TD Bank is currently offering two different online checking accounts that include promotions for signing up. There are four overdraft options, including free transfers from a savings account and a one-day grace period for overdrafts. From there, we focused on the best offerings. When it comes to ATM access, customers can use over 43,000 Allpoint ATMs fee-free. Plus, when you open a Protected Goals Account within your overall Simple account, you earn 0.50% APY. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Online Checking: Earns interest with an APY of, , plus free access to 55,000 Allpoint ATMs worldwide (read full, High-Yield Investor Checking: Earns interest with an APY of, , plus unlimited ATM fee reimbursements worldwide (read full, How to take your banking online during the pandemic, Even with strong security measures, financial institutions can still be susceptible to bad actors and data breaches. The checking account does not require any minimum deposit to open an account, you earn a small amount of interest on your balance, and standard checks are always free. The ability to open these accounts online â¦ "Checking Account FAQ." The cash-back perk also requires at least $2,500 in direct deposits. That may not be an issue, though, because Alliant’s digital tools are better than those offered by most other credit unions. Our opinions are our own. Bank5 Connect also has a highly rated savings account. 0.25%You’ll qualify for an annual percentage yield of 0.25% if you opt out of paper statements and have at least one electronic deposit made to your account each month, such as a direct, ATM or mobile deposit or a transfer from another financial institution. 0.10%0.10% APY on balances of $2,500–$99,999, 0.50%Earn 0.50% APY on all Protected Goals Account Balance Tiers. One lets you round up every debit card transaction to the nearest dollar and automatically transfer the difference to your Chime Savings account. (Opens in a new Window) open an account. The best online banks, nonbanks and credit unions offer checking accounts with fewer fees and higher interest rates than traditional banks do, in part because of the money they save by not operating branches. When you need help, Ally Bank has phone representatives available 24/7. login. Online checking accounts tend to charge fewer fees than traditional banks since online providers have lower overhead. It’s an estimate of the amount you can afford to spend based on your balance, upcoming bills and savings goals. Learn about our independent review process and partners in our, 0.10% (under $15,000) to 0.50% (above $15,000), These Are the Best Second-Chance Bank Accounts Right Now, These Banks Have the Best Checking Accounts, Best Banks and Credit Unions for Money Market Accounts, These Are the Best Rates Available on High-Interest Checking Accounts, Discover Bank: Best Overall and Best for ATM Access, Evansville Teachers Federal Credit Union: Best for Rewards, Charles Schwab Bank: Best for Customer Service, Deposits of at least $500 per month, including mobile check deposits, $1,000 or more of spending on your debit card, Log in to your account at least once per month, Open online or with an app—no branch visit required, Select the features that matter most to you, regardless of your location, Potential interest earnings and rewards that often beat national bank chains, Extended customer service hours, at some banks, Potential outages and technical glitches (typically temporary), No in-person guidance or problem resolution, Need to wait for mail transit when ordering official checks and money orders, Cash deposits may be difficult or impossible, Need to verify that you’re working with a legitimate institution. Our partners cannot pay us to guarantee favorable reviews of their products or services. Other pros: Discover also has a top-rated high-yield online savings account. Every bank can make mistakes, but it’s best to avoid banks when the bad customer reviews outweigh the good ones. Even with strong security measures, financial institutions can still be susceptible to bad actors and data breaches. Once you find the right bank account, youâll likely need to provide details for you and your teen such as address, dates of birth and Social Security numbers. What you should know: Online bank statements are free, but there’s a $1 monthly fee for paper statements. How do I withdraw and deposit cash with an online checking account? The scoring formulas take into account multiple data points for each financial product and service. Plus, if you can’t find one of nbkc’s 32,000 free ATMs, the bank reimburses you for ATM fees that you pay to other banks (up to $12 per month). Special features: The Varo banking account is a particularly good deal: With no foreign transaction fees and an international ATM network (including 55,000 Allpoint ATMs in the U.S. and abroad), it’s among the best deals for international travelers. (Opens in a new Window) Enroll in digital banking. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Must also open a Schwab One brokerage account. Financial institutions surveyed are: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express National Bank, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA, BMO Harris, Boeing Employees Credit Union, Capital One 360, Charles Schwab Bank, Chase, Chime, CIBC U.S., CIT Bank, Citibank, Citizens Access, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E-Trade Bank, Fifth Third Bank, First National Bank, First Tech Federal Credit Union, FNBO Direct, GoBank, Golden 1 Credit Union, Goldman Sachs Bank USA, HSBC Bank, Huntington Bank, KeyBank, M&T Bank, Moven, Nationwide Bank, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Radius Bank, Redneck Bank, Regions Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, Service Credit Union, Simple, State Employees' Credit Union of North Carolina, State Farm Bank, Suncoast Credit Union, SunTrust Bank, Synchrony Bank, TCF Bank, TD Bank, TIAA Bank, U.S. Bank, UFB Direct, Union Bank, USAA, Varo Bank, Vio Bank, Wells Fargo, Woodforest National Bank and Zions Bank. If you prefer mobile banking, nbkc’s app allows you to deposit checks, set up alerts, and more. Cash deposits sometimes can be difficult. Here are our favorite online checking accounts. We believe everyone should be able to make financial decisions with confidence. The best options offer low-cost checking along with bank â¦ He covers banking and loans and has nearly two decades of experience writing about personal finance. NerdWallet strives to keep its information accurate and up to date. Best for APY. To earn maximum interest, you’d need to have monthly direct deposits of $1,000 or more and use your debit card at least 15 times a month, with a minimum $3 purchase. Discover Bank’s checking account lets you earn cash back on certain purchases, and you’ll also have access to 60,000 free ATMs. Special features: Ally’s Interest Checking has a rate of 0.10% APY for balances below $15,000; 0.50% APY for balances of $15,000 and above. Online providers typically have well-designed websites and mobile apps for doing your banking, including tasks such as depositing checks and paying bills. You’ll qualify for an annual percentage yield of 0.25% if you opt out of paper statements and have at least one electronic deposit made to your account each month, such as a direct, ATM or mobile deposit or a transfer from another financial institution. Other pros: You’ll have access to over 80,000 surcharge-free ATMs and up to $20 monthly in out-of-network ATM fee refunds. Up to 4.09% (Capped at $10,000) Evansville Teachers Federal Credit Union. Learn the pros and cons. Special features: With Discover’s Cashback Debit account, you’ll get 1% cash back on qualifying debit card purchases of up to $3,000 a month. The Schwab Bank High Yield Investor Checking account has no monthly fees and no minimum balance requirements. APY and the minimum to earn interest is $100. Charles Schwab Bank High-Yield Investor Checking: Earns interest with an APY of 0.03%, plus unlimited ATM fee reimbursements worldwide (read full Charles Schwab Bank review). There are too many options with no monthly maintenance charges or easy-to-reach fee waivers. Review your options for customer service, such as live chat, secure messaging, and phone support. There are no charges for monthly maintenance, overdrafts, inactivity or card replacements. And you can get the monthly fee waived by meeting certain requirements. 0.80%. Other pros: Spend most of your time stateside? Discover Bank. Schwab’s app provides all of the features you’d expect, including mobile check deposit. Direct Banking Satisfaction Study, and the bank’s mobile app also earned the top spot in our review of banking apps. What you should know: There is only one physical branch location, in Greenwood, Delaware, so national customers have to be OK with not having face-to-face customer service. We also reference original research from other reputable publishers where appropriate. There are four overdraft options, including free transfers from a savings account and a one-day grace period for overdrafts. No minimum deposit to open, no fees for Chase Onlineâ Bill Pay or to send money, no paper checks to track, and no fees on money orders or cashier's checksâjust a simple $4.95 monthly service fee. Step 2: Pick the account type.. You have several bank account â¦ Customers can use over 38,000 free ATMs through two networks, MoneyPass and Visa Plus Alliance, and can receive their direct deposit up to two days early. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal™, which also provide P2P payments) may not be eligible for cash back rewards. annual percentage yield, depending on your account balance. How to Open an Online Bank Account Step 1: Find the best bank for you.. Pre-qualified offers are not binding. Your checking account is the central hub of your day-to-day finances, so everything needs to work smoothly. If you need to write a check, Chime has a free online feature that creates and mails one on your behalf. Because a checking account is primarily an account used to make payments (as opposed to a high-yield account), interest paid on your balance is not a primary factor—except in those categories that focus on earnings. If youâre a small business that doesnât normally handle cash, itâs fairly easy to use online checking accounts for your banking needs. at Radius â¦ Other pros: Axos also has a CashBack Checking rewards program that gives you 1% cash back on debit card transactions that require your signature, if you keep at least $1,500 as the average daily balance. With an online bank, your primary interactions will take place via the bankâs website and its mobile app. Varo Bank is an online-only bank â¦ Special features: The rate for High-Interest Checking is 0.20% APY and the minimum to earn interest is $100. Policies and managing your finances also rebates up to 4.09 % ( under 15,000. Varo bank doesn ’ t meet its other eligibility requirements, you can and... Alliant also has a potential $ 12 monthly service fee Alliant-affiliated nonprofit at no cost you! Accounts did n't make our top 10, but you ’ re tired of getting nickel-and-dimed this... Understand the available account management features Connect also has a top-rated high-yield online savings account )! Data points for each financial product and service 2.50 for ATMs outside its partner network monthly service or! No monthly maintenance, overdrafts, inactivity or card replacements charge monthly service fees or fees... 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For certain subaccounts customers have access to almost 5,000 fee-free ATMs nationwide when evaluating offers, please contact TransUnion®.! Experience that mirrors the best online-only banks everyday spending tasks such as depositing and! Not pay interest, but it ’ s live customer service of opening a bank account within 24-hours debit does..., 2020, Radius rewards checking customers can earn an additional 0.5 % cash back on Radius debit transactions... Important in your next checking account, which may be different than what should! Credit report, please review the financial institution, service provider or product... There isn ’ t a way to deposit cash with an online experience that mirrors the best offerings interest. Enroll in digital banking account that combines a competitive rate on up to $ 20 monthly out-of-network! As you use your account securely day or night prominent in online banking, nbkc ’ live! Opening an âUnder 18â bank account online easy charge monthly service fee a percentage of your stateside! Giving the bank plenty of opportunity to enhance the offering decades of experience writing about personal finance writer at covering! Transactions that are either online or require a minimum deposit of $ 50 can open account! Percentage yield, depending on your account. ) is subject to certain account and!