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Best Checking Accounts in 2022

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

Compare checking accounts

Use this table to compare checking accounts by monthly fee, ATMs and minimum opening deposits.

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Douugh
Finder Rating: 4 / 5: ★★★★★
Douugh
N/A
$0
more than 38,000 ATMs in the MoneyPass ATM network
The Douugh app is an AI assistant focused on your finances.
Chase Secure Banking℠
Finder Rating: 4.2 / 5: ★★★★★
Chase Secure Banking℠
N/A
$0
Access to 16,000 ATMs and more than 4,700 branches nationwide
$2.50
Chase Secure Banking offers no overdraft services
Current
Finder Rating: 4.6 / 5: ★★★★★
Current
N/A
$0
over 55,000 free in-network ATMs
$0
Current connects your money to friends, family, brands, and experiences that matter.
OnJuno
Finder Rating: 4.8 / 5: ★★★★★
OnJuno
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
$0
More than 85,000 ATMs nationwide
$0
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
Lili
Finder Rating: 4.6 / 5: ★★★★★
Lili
1.00%
$0
32,000 fee-free ATMs nationwide
$2.50
Freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital bank account. Get up to 10 referral rewards, or $1000.
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This article was reviewed by Brad Stevens, a member of the Finder Editorial Review Board and 30-year veteran of the credit industry who specializes in rehabilitating struggling banks.

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

Some of the top checking account reviews we compare

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

Traditional checking accountBased 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.
Free checking accountWhen free and easy to use is at the top of your list, these are the accounts to pick from.
Interest checking accountDo more with your checking and earn an annual percentage yield (APY) on the money that’s just sitting there waiting for bills to be paid.
Rewards checking accountEarn points, miles or cash back with every purchase by opening an account that offers special incentives when you spend.Compare accounts
Online checking accountWithout the cost burden of brick-and-mortar branches, online checking accounts can serve your needs without the fees.
Second chance checking accountIf you’ve been in trouble with a bank before, these accounts may give you a chance to regain the bank’s trust by improving your credit score.
Business checking accountKeep your business running smoothly with a checking account tailored to the demands of the business world.
Student checking accountPrepare your student for responsible financial management with a checking account for high school and college.
Digital bank accountBank from your smartphone with an app-based account and debit card.

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.
  • Monthly fees. 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, find out how long it will take the bank to replace funds should your card information get stolen. Also check to see how easy it is to freeze your card and get a replacement if you lose it.
  • 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 nationwide you can use fee-free.
  • 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.
  • Interest-bearing or rewards. While it’s not common for checking accounts to offer interest or rewards, some checking accounts earn perks like cashback bonuses and APY.

5 most 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 maintenance 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.

Can I open a checking account online?

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.

But if you handled an account poorly in the past that led to an account closure, check your specific state laws regarding forced closed accounts. Some state laws restrict you from opening a new account for a period of time. This may require you to opt for non-bank alternatives, like prepaid cards, for a while.

Can I open a checking account with no money?

Yes, it’s possible to sign up for a checking account without funding it. As long as the account doesn’t have a minimum opening deposit, you can open an account and add cash whenever you’re ready.

How often should I monitor my checking account?

You should monitor your checking account at least once a week. This will help you keep track of your spending, avoid bank fees and spot any fraudulent transactions you may need to report to your bank.

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