Understand the different types of checking accounts and which is best for you. Learn about overdraft protection and other ways to manage your account.
Bank of America offers three types of checking accounts to meet various consumer banking needs. ; Bank of America charges a monthly fee for each checking account, ranging from $4.95 to $12. But if customers meet certain requirements, they can avoid the monthly service fee. ; Bank of America is a great option if you’re looking for an established bank with many types of financial services and accessible branch locations.
Best for a cash-back debit card: LendingClub Bank ; Best for a free account with no transaction limits: Bethpage Federal Credit Union ; Best for free domestic wire transfers: Capital One
Learn about the pros and cons of high-yield checking accounts vs. high-yield savings accounts to decide which is best for your lifestyle.
Ivana Pino · Senior Writer ; Casey Bond · Lead Editor and Content Strategist, Banking
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate banking products to write unbiased product reviews. For many people, financial management can be stressful, especially knowing what you should do with your money. It can be hard to figure out what bank accounts you should have, with all the different types of savings accounts and checking accounts there ar ...
Capital One Bank ; Chase Bank ; Axos Bank ; Discover Bank
Sofi Online Checking Account ; APY* : 0.50% (though 4.20% can be earned on savings account balances), Min. deposit : $0, Monthly fee : $0, Special offer : Up to $300 bonus with qualifying direct deposits available through 12/31/24
Account Type, Checking, Savings ; Features, Typically includes a debit or ATM card, May come with an ATM card ; Limits, No withdrawal limits, Usually up to 6 withdrawals per month ; Interest-Bearing, Available on some accounts, Standard on all accounts; annual percentage yield varies by bank ; Balance Requirements, Varies by bank, Varies by bank
SoFi wins the best checking account overall, with close runners-up: Chime, Upgrade, Chase, Bluevine, Step, Varo, Juno and Capital One.