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Checking Account Finder

Compare checking accounts by fees and features to manage your money.

Shirley Liu
Shirley Liu

Updated . What changed?

Fact checked

Finder's pick for checking: HSBC Premier Checking

HSBC Premier Checking logo

$1

Deposit to Open

  • Up to $700 in cash back
  • Earn 3% cash back on qualifying direct deposits
  • Emergency cash at branches across the globe
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We’ve busted out our calculators to analyze, review and rate more than 110 checking accounts or their digital equivalents to help you compare what’s out there, whether you need your checking account to write checks, pay bills, transfer funds or withdraw cash from ATMs.

Compare checking accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
HSBC Premier Checking
HSBC Premier Checking
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
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BBVA Online Checking
BBVA Online Checking
$25
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$3
A full-service account with convenient, surcharge-free access to two massive ATM networks, plus up to a $250 signup bonus when you meet deposit requirements
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Axos Bank Essential Checking
Axos Bank Essential Checking
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
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Axos Bank Rewards Checking
Axos Bank Rewards Checking
$50
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
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Aspiration Spend & Save Account
Aspiration Spend & Save Account
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
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N26
N26
$0
Fee-free ATM withdrawals at Allpoint ATMs
$0
A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.
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What's in this guide?

65+
banks or brands
110+
checking accounts reviewed
225+
hours of research

Some of the top checking account providers we compare


Compare all accounts from 65+ banks, credit unions and brands

What is a checking account?

A checking account is a bank account designed for everyday spending. It allows you to pay bills, receive direct deposits, make purchases online and in-person, withdraw money at an ATM, write checks and more.

Checking account features

Checking accounts commonly come with:

  • A linked debit card. Usually either Visa or Mastercard.
  • ATM access. Though some accounts will charge a fee if you use an out-of-network ATM.
  • Internet banking. This feature allows you to go online to access your account details and make transactions.
  • Branch access. This feature allows you to process transactions in a bank branch.
  • Checkbook. This feature allows you to make purchases with checks.

Types of checking accounts

You can quickly narrow your search for the right checking account by identifying which features are most important to you. Check out each variant below and compare each checking account option for that type.

Type of checking account

Highlights

Learn more
Checking accounts Based on our experience reviewing and rating more than 110 traditional checking or mobile-based debit accounts, this is our curated list of the best overall picks.
Compare accounts
Free checking When free and easy to use is at the top of your list, these are the accounts to pick from.
Compare accounts
Interest checking Do more with your checking and earn interest on the money that’s just sitting there waiting for bills to be paid.
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Online checking Without the cost burden of brick-and-mortar branches, online checking accounts can serve your needs without the fees.
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Digital banking Bank from your smartphone with an app-based account and debit card.
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Second chance checking If you’ve been in trouble with a bank before, these accounts may be able to give you a second chance to rebuild their trust.
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Business checking Keep your business running smoothly with a checking account tailored to the demands of the business world.
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Student checking Prepare your student for responsible financial management with a checking account for high school and college.
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How do I compare checking accounts?

There’s a lot to consider when choosing a checking account.

  • Options for accessing your cash. Get your cash from a teller, online or from an ATM. Online banking allows you to view your account, make payments, deposits and transfers right from your computer. Many banks offer mobile apps, making online banking even more convenient. If you prefer to bank in person, see if your bank has a national presence.
  • Minimum deposits. Check if the account has a minimum opening deposit or if you need to meet a minimum ongoing balance to avoid fees.
  • What are the monthly fees and charges? Compare the fees that various banks charge. Some banks will charge if you don’t maintain a minimum balance, while others charge for out-of-network ATMs, foreign transactions, overdrafts, checks, wire transfers and more.
  • Debit card. If your bank issues a debit card, see if it’s backed by a major credit card provider like Visa or Mastercard. This will allow you to make purchases in stores and online. Also, see how easy it is to freeze your account and get a replacement if you lose yours.
  • ATM. The quickest and easiest way to access your money is through an ATM. Some banks will charge fees for using ATMs at other banks, while others will waive them. Check the network to see how many ATMs are close to you.
  • Signup bonus. Some banks reward you right off the bat by offering a signup bonus or other incentive, most often with the requirement that you deposit a minimum amount and keep it in the account for a period of time. Don’t get an account just because of a freebie — look into all of the other features first.
  • International transactions. Larger banks with an international presence can provide you with certain services if you travel overseas, including cash withdrawals at ATMs. Check the fees for international money transfers, overseas purchases and currency conversion when looking at different checking accounts.
  • Earning capabilities. Some checking accounts earn cashback bonuses or even interest.

What are common checking account fees?

There are over 30 bank fees you may encounter while managing your money, but here are the five most common:

  1. Monthly fee. The basic recurring charge to keep the account open. Not all checking accounts charge a monthly fee, and some banks will waive it when you meet certain minimum deposit requirements.
  2. Overdraft fee. The penalty amount if you spend more money than the available balance in your account. Typical overdraft fees can cost up to nearly $40.
  3. ATM fee. The small fee for using an ATM not included in your bank’s network. ATM fees vary country to country, but most in the US cost less than $3.
  4. Foreign transaction fee. The amount, usually a percentage, of a debit card purchase made overseas. While some checking accounts don’t charge at all, others can tack on as much as 3% of your purchase for using your card outside the US.
  5. Account closure fee. Most banks will charge you a fee of $25 or so if you close your account within 90 to 180 days of opening.

How do I open a checking account?

Most banks will allow you to open an account online. You’ll need to supply your personal information, including Social Security number, and a government ID.

To get started, visit the website of the bank you’re interested in, navigate to the application page and follow the onscreen prompts. When your application has been processed and approved, you’ll be notified and given the details of your new account so that you can transfer money into it.

Checking guides

Common questions about checking accounts

Read more on this topic

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8 Responses

  1. Default Gravatar
    AryaJuly 22, 2019

    How can I open a business bank account in us for LLC? I am from India. I want to open remotely, is it possible? I can travel to the USA, if it’s impossible to open physically.

    Reply
    • Avatarfinder Customer Care
      JhezJuly 23, 2019Staff

      Hi Arya,

      Thank you for your comment.

      You must meet basic eligibility requirements to open a US-based business account:

      -Valid Social Security or tax identification number
      -Valid state-issued ID
      -Valid US address
      -Sole proprietor, if applying online

      Looks like you need to ensure you have the above to open a business bank account. You may check other tips and guides to open a business bank account on this page.

      Regards,
      Jhezelyn

      Reply
  2. Default Gravatar
    jgpingarAugust 28, 2018

    I need to open a checking account in U.S.
    I am a foreig citizen, so I don’t have a Social Security Number.
    What can I do?

    Reply
    • Default Gravatar
      joelmarceloAugust 29, 2018

      Hi there,

      Thanks for leaving a question on finder.

      If you relocated to the US to work or study, it is possible for you to open a US bank account. As a new arrival to the US, you may find it more difficult to meet the requirements of a bank. You’ll typically need to provide government-issued ID and a Social Security number as well as proof of your creditworthiness.

      Online banking is an option, but current laws in place to protect against money laundering could prevent you from successfully opening an account. You may find better results by talking directly with a client representative at a bank’s physical branch. You will need to confirm the requirements for the bank you’re interested in as well as gather the documentation necessary. Also ask about maintenance fees so that you can plan ahead.

      Cheers,
      Joel

      Reply
  3. Default Gravatar
    LorenzoAugust 15, 2018

    Want to know what bank would be best for my needs

    Reply
    • Avatarfinder Customer Care
      JoanneAugust 16, 2018Staff

      Hi Lorenzo,

      Thanks for reaching out.

      Everyone has unique banking needs. Some prefer convenience and flexibility, while others want to earn points on their purchases. One of the great things about bank accounts are they can be a short term commitment.

      Review your needs regularly to see if your bank account still meet your needs.The best bank account will help you manage your finances efficiently and reach your savings goals.

      This page will further explain the different types of accounts, their benefits and what you need to consider before opening.

      Cheers,
      Joanne

      Reply
  4. Default Gravatar
    StephanieJuly 24, 2018

    I need help with getting me bank account setup

    Reply
    • Avatarfinder Customer Care
      nikkiangcoJuly 24, 2018Staff

      Hi Stephanie!

      Thanks for getting in touch!

      To open a bank account, you can do this online (by visiting the website of the bank) or you can go directly to the bank’s offie and physically open an account there. May I ask for which bank account this is?

      Looking forward to your reply!

      Nikki

      Reply
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