The Mad Capitalist
Reviews Credit Cards US Finances Loans
pesquisar
Search →
Reviews →
Credit Cards →
US →
Finances →
Loans →

Advertiser Disclosure

We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Accounts

6 Best Online Checking Accounts: Maximize Your Money Management

Feeling overwhelmed by online checking options? Our guide simplifies your search! Compare features, rates, and fees to find the best online checking accounts for your finances. Start saving now!

Advertisement

Access your funds anytime, anywhere with an online account

magnifier office analyzing and checking finance graphs background. AI generative
6 Best Online Checking Accounts: Maximize Your Money Management. Source: AdobeStock

Are you fed up with bank lines and hidden fees? Open the door to convenience with online checking accounts- we’ll show you the best picks of 2023.

Upgrade debit card and mobile banking

Upgrade Rewards Checking application

Get ready to take advantage of our Upgrade Rewards Checking! Apply now and enjoy no hidden fees and cash back on expenses! Read on!

Keep Reading
card

Upgrade Rewards Checking application

You will remain in the same website

With 24/7 access from anywhere, online checking accounts offer many perks over traditional ones. See the key benefits of online checking accounts and tips for choosing. Read on!

You will be redirected to another website

You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.

Advertisement

Best Online Checking Accounts

Do you want to access your money anytime, anywhere, without unfriendly bank tellers and high fees? With online checking accounts, it’s possible!

However, with so many options, it can be overwhelming to figure out which is the best fit for you. It’s like trying to navigate a maze.

So, here is our list of the best online checking accounts for 2023. Have a look!

1. Capital One 360 Checking

This checking account charges no monthly fees, minimum balance, or overdraft fees, making it ideal for budget-conscious folks.

Advertisement

Pros

  • Earn interest
  • Free ATM access at thousands of locations
  • Access direct deposit paycheck two days earlier
  • FDIC insured

Cons

  • Lower APY compared to some competitors (0.10%)
  • No bonus

Advertisement

Fees

  • None, except for out-of-network ATM charges

2. SoFi Checking & Savings

Young happy woman using computer and credit card while shopping on the Internet at home.
Access your funds anytime, anywhere with an online account. Source: AdobeStock

Sofi Checking & Savings is a mixed account in our list of the best online checking accounts.

It offers up to 15% cash back and a bonus between $50 and $300, depending on your direct deposit during the first 30 days.

Pros

  • Boasts a high APY on both checking (0,50%) and savings (4.60% )
  • No monthly fee
  • Send seamless integration with their investing platform
  • Bonus of up to $250
  • FDIC insured
  • No overdraft fees

Cons

  • Requires direct deposit to earn interest on checking

Fees

  • None, except for out-of-network ATM charges

3. Axos Bank Rewards Checking

With this account, you can earn a $300 welcome bonus and up to 3,30% APY.

Pros

  • Earn cash back on debit card purchases 
  • Unlimited reimbursement for ATM fees
  • No monthly fees 
  • FDIC insured

Cons

  • Requires a minimum deposit to earn rewards

Fees

  • None, except for out-of-network ATM charges and insufficient funds fees
Axos Bank Rewards Checking Account

Apply for Axos Bank Rewards Checking Account

Looking for easy checking account application? Discover how Axos Bank Rewards Checking Account process works, and start earning today.

Keep Reading
card

Apply for Axos Bank Rewards Checking Account

You will remain in the same website

4. LendingClub Rewards Checking

These checking account sellings include a cashback rate (1% on all qualified purchases) and unlimited ATM fee reimbursement. The APY is 0.10%.

Pros

  • Earn up to 1% cash back on eligible purchases
  • No monthly fees, minimum balance, or overdraft fees
  • Get early access to your paycheck with direct deposit

Cons

  • Lower APY than some competitors (0.10%)
  • No bonus offers

Fees

  • Opening fee: $100

5. American Express® Reward Checking

Amex customers can get a decent interest rate and access a wide free ATM network. Also, there’s no monthly fee. The APY is 1.00%.

Pros

  • Earn Membership Rewards® points on eligible purchases, redeemable for travel, shopping, and more
  • No monthly fees or minimum balance requirements
  • Get access to Amex benefits and perks

Cons

  • Requires an Amex card for full benefits
  • No overdraft protection
  • No bonus

Fees

  • Out-of-network ATM charges 
  • Foreign transaction fees

6. Ally Bank Interest Checking

African American woman using modern online banking website on her laptop computer
6 Best Online Checking Accounts: Maximize Your Money Management. Source: AdobeStock

With the Ally Bank Interest Checking, you’ll earn interest, access a good app, and make transfers.

About the APY, the interest rate is 0.10% for account balances less than $15,000 and 0.25% for balances greater than $15,000.

Pros 

  • No monthly fees, minimum balance, or overdraft fees
  • Free ATM access at Allpoint ATMs
  • Extensive online banking features
  • Get paid earlier
  • FDIC insured

Cons

  • No bonus offers
  • Limited physical branch network

Fees

  • None, except for out-of-network ATM charges and foreign transaction fees

Overall, the best online checking account is the one that aligns with your specific needs and financial goals.

So, carefully compare features, fees, and benefits before deciding.

Pros of having an online checking account

Here are some pros of online checking accounts that’ll make your wallet sing.

1. Convenience

Firstly, you can access your money anytime, anywhere, with just a click or tap.

2. Almost no fees

Secondly, many online accounts offer zero monthly fees and even reimburse ATM fees.

3. More bang for your buck

Earn higher interest rates than traditional banks, so your money grows while you sleep.

4. Tech-powered tools

Finally, budgeting apps, bill pay, and even investment options are just a tap away, making managing your money a breeze.

Cons of having an online checking account

Here are some cons that you might need to consider.

1. Tech dependence

Firstly, some online checkings are from online banks, which do not have physical branches for those who prefer a face-to-face chat.

However, online chat and phone support are just a click away.

2. Security savvy

Secondly, you must be vigilant about online security and fraud protection.

Strong passwords and as well as a healthy dose of skepticism are your best friends.

male hand holding 4 credit cards

Choose your 0% APR card

Select an option below and we will recommend you the best 0% APR card based on your preferences.

Keep Reading
card

Choose your 0% APR card

You will remain in the same website

3. Limited customer service

Finally, there is no hand-holding at the bank, but most online platforms offer helpful FAQs and 24/7 support.

So it can be harder to solve some issues face to face.

How to choose the best online checking account for you?

Choosing the best online checking account is like finding the perfect pair of jeans – it’s all about fit.

So, picking of the litter, you must consider your needs:

  • Budget: Do you prioritize low fees or high APY?
  • Spending habits: Do you need rewards or budgeting tools?
  • Tech savviness: Are you comfortable with online banking platforms?

Once you’ve answered these questions, then compare the features and fees of the top contenders.

That is how to find a checking account that works for you.  Remember, the best online checking account is the one that helps manage your money.

So, shop around, compare options, and choose the perfect financial partner to unlock your potential!

How can you open an online checking account?

Opening an online checking account is easy. Most banks offer simple online applications with quick approvals. 

So, you just need to follow the guide below.

  1. Firstly, gather your documents.
  2. Then download the app, or visit the bank’s website.
  3. After that, follow the prompts.
  4. Finally, confirm your information by email.

Voila! You’re on your way to open an online checking account, and start using it.

Boost your score now: Discover the credit card that fuels your financial freedom in our post below.

Selective focus credit card payment for background.

5 best credit cards to build credit

If you're looking for the best way to start your credit, look no further than our list of the top credit cards to build credit score.

Keep Reading
card

5 best credit cards to build credit

You will remain in the same website

ecommerce

You will be redirected to another website

ecommerce

You will be redirected to another website

ecommerce

You will be redirected to another website

Trending Topics

content

Appy for the Neo Credit Card: No annual fee!

Learn how to apply for the Neo Credit Card and unlock high cashback rewards with a seamless digital banking. Start now!

Keep Reading
content

How to start investing with Ally Invest?

In this step-by-step guide, we are going to show you how to apply for an Ally Invest account and start investing as soon as possible.

Keep Reading
content

No need to leave home: 10 best Pregnancy Test Apps to download

Expecting a baby? Don't miss out on our top 10 picks for the best pregnancy test apps to make your journey easier.

Keep Reading

You may also like

content

Best credit cards in the US for a traveling lifestyle

Looking for the best credit cards for traveling? You have come to the right place. We will tell the top 3 travel credit cards available.

Keep Reading
content

Southwest Rapid Rewards® Premier Credit Card review

Want affordable travel? Our Southwest Rapid Rewards® Premier Credit Card review reveals how to earn points and travel more for less!

Keep Reading
content

Citi Custom Cash℠ Card: a guide to the application

Learn how to apply for the Citi Custom Cash℠ Card: earn unlimited cash back without worrying about an annual fee!

Keep Reading
Follow us

Disclaimer

Under no circumstance we will require you to pay in order to release any type of product, including credit cards, loans or any other offer. If this happens, please contact us immediately. Always read the terms and conditions of the service provider you are reaching out to. We make money from advertising and referrals for some but not all products displayed in this website. Everything published here is based on quantitative and qualitative research, and our team strives to be as fair as possible when comparing competing options.

Advertiser Disclosure

We are an independent, objective, advertising-supported content publisher website. In order to support our ability to provide free content to our users, the recommendations that appear on our site might be from companies from which we receive affiliate compensation. Such compensation may impact how, where and in which order offers appear on our site. Other factors such as our own proprietary algorithms and first party data may also affect how and where products/offers are placed. We do not include all currently available financial or credit offers in the market in our website.

Editorial Note

Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved, or otherwise endorsed by any of the entities included within the post. That said, the compensation we receive from our affiliate partners does not influence the recommendations or advice our team of writers provides in our articles or otherwise impact any of the content on this website. While we work hard to provide accurate and up to date information that we believe our users will find relevant, we cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

The Mad Capitalist

Privacy /  Terms /  About /  Contact

Privacy Terms About Contact

© 2025 IndieTech OÜ

Registry Code: 14805865

All Rights Reserved

Keemia tn 4, 10616, Harju, Estonia