Best Banks for Checking Accounts

The best banks for checking accounts vary based on individual needs. Generally, online banks and credit unions generally offer higher interest rates and lower fees than traditional banks. Top banks this month may include those with no monthly fees, high interest rates, and extensive ATM networks.

Consider factors such as monthly fees, minimum balance requirements, interest rates, ATM access, and additional features like overdraft protection and mobile banking. Compare offerings from different banks to find the account that best suits your financial habits.

Many checking accounts come with fees, such as monthly maintenance fees, overdraft fees, and ATM fees. Some banks offer accounts with no monthly fees or fees that can be waived by meeting certain conditions, such as maintaining a minimum balance or setting up direct deposit.

Look for a checking account with low or no fees, convenient access to ATMs and branches, a user-friendly mobile app, and additional features like free checks or overdraft protection. Consider your banking needs and preferences to find an account that provides the best value.

Some checking accounts offer interest on your balance, though rates are typically lower than those for savings accounts or CDs. High-yield checking accounts or accounts with tiered interest rates offer better deposit returns.