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10 Best Online Checking Accounts of 2019

Tony ArmstrongDecember 20, 2018

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Chime Spending Account

at Chime,

Member, FDIC

at Chime,

Member, FDIC

Monthly Fee

$0

Radius Bank Hybrid Checking

at Radius Bank,

Member, FDIC

at Radius Bank,

Member, FDIC

Monthly Fee

$0

APY

1.00%

With $2500 minimum balance

Aspiration Spend & Save Account

at Aspiration,

Deposits are FDIC Insured

at Aspiration,

Deposits are FDIC Insured

Monthly Fee

$0

APY

2.00%

With $0 minimum balance

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

at Simple,

Deposits are FDIC Insured

Monthly Fee

$0

APY

2.02%

With $2000 minimum balance

Varo Bank Account

at Varo,

Member, FDIC

4.0

NerdWallet rating 

at Varo,

Member, FDIC

Monthly Fee

$0

Discover Cashback Debit

at Discover,

Member, FDIC

at Discover,

Member, FDIC

Monthly Fee

$0

USAA Federal Savings Bank Free USAA Classic Checking

at USAA Federal Savings Bank,

Member, FDIC

at USAA Federal Savings Bank,

Member, FDIC

Monthly Fee

$0

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

at Axos Bank™,

Member, FDIC

Monthly Fee

$0

APY

1.25%

With $0 minimum balance

Monthly Fee

$0

APY

0.65%

With $1 minimum balance

Monthly Fee

$0

APY

0.10%

With $0 minimum balance

Summary of 10 Best Online Checking Accounts of 2019

BankMonthly FeeAPYLearn More
Chime Spending Account

Chime Spending Account

at Chime,

Member, FDIC

$0

N/A

at Chime,

Member, FDIC

Radius Bank Hybrid Checking

Radius Bank Hybrid Checking

at Radius Bank,

Member, FDIC

$0

1.00%

With $2500 minimum balance

at Radius Bank,

Member, FDIC

Aspiration Spend & Save Account

Aspiration Spend & Save Account

at Aspiration,

Deposits are FDIC Insured

$0

2.00%

With $0 minimum balance

at Aspiration,

Deposits are FDIC Insured

Simple Checking & Budgeting

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

$0

2.02%

With $2000 minimum balance

at Simple,

Deposits are FDIC Insured

Varo Bank Account

Varo Bank Account

NerdWallet rating 

at Varo,

Member, FDIC

$0

N/A

at Varo,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

$0

N/A

at Discover,

Member, FDIC

USAA Federal Savings Bank Free USAA Classic Checking

USAA Federal Savings Bank Free USAA Classic Checking

at USAA Federal Savings Bank,

Member, FDIC

$0

N/A

at USAA Federal Savings Bank,

Member, FDIC

Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

$0

0.65%

With $1 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

$0

0.10%

With $0 minimum balance

BankMonthly FeeAPYLearn More
Chime Spending Account

Chime Spending Account

at Chime,

Member, FDIC

$0

N/A

at Chime,

Member, FDIC

Radius Bank Hybrid Checking

Radius Bank Hybrid Checking

at Radius Bank,

Member, FDIC

$0

1.00%

With $2500 minimum balance

at Radius Bank,

Member, FDIC

Aspiration Spend & Save Account

Aspiration Spend & Save Account

at Aspiration,

Deposits are FDIC Insured

$0

2.00%

With $0 minimum balance

at Aspiration,

Deposits are FDIC Insured

Simple Checking & Budgeting

Simple Checking & Budgeting

at Simple,

Deposits are FDIC Insured

$0

2.02%

With $2000 minimum balance

at Simple,

Deposits are FDIC Insured

Varo Bank Account

Varo Bank Account

NerdWallet rating 

at Varo,

Member, FDIC

$0

N/A

at Varo,

Member, FDIC

Discover Cashback Debit

Discover Cashback Debit

at Discover,

Member, FDIC

$0

N/A

at Discover,

Member, FDIC

USAA Federal Savings Bank Free USAA Classic Checking

USAA Federal Savings Bank Free USAA Classic Checking

at USAA Federal Savings Bank,

Member, FDIC

$0

N/A

at USAA Federal Savings Bank,

Member, FDIC

Axos Bank™ Rewards Checking

Axos Bank™ Rewards Checking

at Axos Bank™,

Member, FDIC

$0

1.25%

With $0 minimum balance

at Axos Bank™,

Member, FDIC

Alliant Credit Union High-Rate Checking

Alliant Credit Union High-Rate Checking

$0

0.65%

With $1 minimum balance

Ally Bank Interest Checking Account

Ally Bank Interest Checking Account

$0

0.10%

With $0 minimum balance

Other top accounts

These accounts didn't make our top 10, but could still be a great fit for you. Check them out if you want more options.

  • Capital One 360 Checking: Superior overdraft policy (read full Capital One 360 review)
  • Charles Schwab Bank High-Yield Investor Checking: Earns interest, plus unlimited ATM fee reimbursements worldwide (read full Charles Schwab Bank review)
  • Fidelity Cash Management Account: Unlimited domestic ATM fee reimbursements with some branch access (read full Fidelity review)
  • Bank5 Connect High-Interest Checking: Solid APY in a low-fee account (read full Bank5 Connect review)
  • UFB Direct Airline Rewards Checking: Earn American Airlines miles and cash back (read full UFB Direct review)

Last updated on December 20, 2018

Methodology

We took a close look at over 70 financial institutions, including the largest U.S. banks based on assets, debit card volume, Internet search traffic and other factors; the nation’s largest credit unions, based on deposits as well as broad-based membership requirements; and other notable and/or emerging players in the industry. We rated them on criteria including annual percentage yields, minimum balances, fees, digital experience and more.

Financial institutions surveyed include: Alaska USA Federal Credit Union, Alliant Credit Union, Ally Bank, America First Credit Union, American Express, Aspiration, Associated Bank, Axos Bank, Bank5 Connect, Bank7, Bank of America, Bank of the West, Barclays, BB&T, BBVA Compass, Boeing Employees Credit Union, BMO Harris, Capital One 360, Charles Schwab Bank, Chase, Chime, CIT, Citibank, Citizens Access, Citizens Bank, Comerica Bank, Commerce Bank, Connexus Credit Union, Consumers Credit Union, Discover Bank, E-Trade, Fidelity, Fifth Third Bank, First National Bank, First Tech Federal Credit Union, GoBank, Golden 1 Credit Union, GS BankHSBC Bank USA, Huntington Bank, KeyBank, MetaBank, M&T BankMoven, Navy Federal Credit Union, Pentagon Federal Credit Union, PNC, Popular Direct, PurePoint Financial, Radius Bank, Redneck Bank, Regions Bank, 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, Union Bank, UFB Direct, USAA, U.S. Bank, Varo, Wells Fargo and Zions Bank.

How we rate banks and credit unions