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Standout Online Checking Accounts (Draft)

There are a lot of checking accounts out there. So many, in fact, it can be overwhelming to weed through all the options — good and bad — and then confidently choose one. Social scientists call this “information overload”. We call it inconvenient.

To get the most from your checking account, you need low fees, good customer support and free ATMs nearby. If you earn interest on your cash, even better. Compare standout checking accounts from our partners below.

Summary of Standout Online Checking Accounts (Draft)

HSBC Premier Checking - $450 Welcome Deposit
Learn more

at HSBC, Member FDIC

HSBC Premier Checking - $450 Welcome Deposit

2.0

NerdWallet rating 
HSBC Premier Checking - $450 Welcome Deposit

Monthly Fee

$50.00

Waived with direct deposit or $75,000 minimum balance

APY

0.01%

With $5 minimum balance

Bonus

$450

Requirements to qualify

Learn more

at HSBC, Member FDIC


Bonus

$450
Requirements to qualify
Read Full Review
Citi Priority Checking
Learn more

at Citibank, N.A., Member FDIC

Citi Priority Checking

2.5

NerdWallet rating 
Citi Priority Checking

Monthly Fee

$30.00

Waived with $50,000 minimum balance

APY

0.03%

With $0 minimum balance

Bonus

$300

Requirements to qualify

Learn more

at Citibank, N.A., Member FDIC


Bonus

$300
Requirements to qualify

Why we like it

The monthly fee for Priority Checking is on the high side, but you can get it waived by maintaining a $50,000 account minimum. And you can make free withdrawals from your account at more than 65,000 ATMs, which is many more than some other national banks offer.

Those with Citi Priority accounts can also enjoy no foreign exchange fees for transactions made with their Citi Priority Debit Card.

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Capital One 360 Checking
Learn more

at Capital One, Member FDIC

Capital One 360 Checking

4.5

NerdWallet rating 
Capital One 360 Checking

Monthly Fee

$0

APY

0.10%

With $0 minimum balance

Bonus

N/A
Learn more

at Capital One, Member FDIC


Bonus

N/A

Why we like it

It's somewhat rare to find a no-monthly-fee checking account that pays interest, but Capital One 360 Checking does: 0.10% APY on all balances, and there's no monthly fee. There's also no opening balance requirement, and in addition to Capital One-branded ATMs, you have free access to the Allpoint network, for a total of over 40,000 ATMs, in places like Target®, Walgreens® and CVS Pharmacy®.

But don’t expect a bank branch on every corner. Capital One's 360 accounts are primarily online, with deposits available through bank transfers, mobile apps and direct deposit. If you’re close to a Capital One-branded ATM, including those at Capital One Cafes, or at a branch, you can make a physical check deposit there.

Read Full Review

Why online checking accounts dominate the list

Some important factors for virtually every bank-shopper are monthly fees, ATM access and interest rates (since they have the biggest impact on your bottom line). And, as it happens, online banks typically offer higher interest rates.

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People often identify opening a savings account as their next money move.

Marcus by Goldman Sachs Online Savings Account

4.5

NerdWallet rating 
Marcus by Goldman Sachs Online Savings Account

APY

0.50%
With $0 minimum balance

Bonus

N/A

at Marcus by Goldman Sachs, Member FDIC

Alliant Credit Union High-Rate Savings

5.0

NerdWallet rating 
Alliant Credit Union High-Rate Savings

APY

0.55%
With $100 minimum balance

Bonus

N/A

at Alliant Credit Union, Federally insured by the NCUA

American Express® High Yield Savings Account

4.5

NerdWallet rating 
American Express® High Yield Savings Account

APY

0.40%
With $0 minimum balance

Bonus

N/A

at American Express National Bank, Member FDIC

To recap our selections...

NerdWallet's Standout Online Checking Accounts (Draft)