If you don't have a checking account yet or if your current one doesn't fit your needs anymore, you should start exploring your options. Here are the best 10 checking accounts!
If you want to change your checking account or if you want to open one, you should know that nowadays there are many suitable options available. There are plenty of big banks, small banks or even online banks offering interesting checking account options, you just need to figure out which one suits you best.
Check out the 10 best checking accounts in the US and analyze which one covers your needs!
Ten best checking accounts in the US
HSBC Premier Checking
This is HSBC's premium account and it's a great match to those who can cover the maintenance fee waiver requirements.
It offers priority customer service and doesn't count with a minimum deposit requirement. However, you'll have a $50 monthly maintenance fee.
Although this type of account doesn't yield, as a Premier user you can have access to the HSBC Premier Savings, which is one of the highest-yielding savings accounts of the bank.
BBVA Online Checking
This checking account is free and available nationwide, except in Alaska and Hawaii. You will only be required to make a minimum opening deposit of $25 and then you will be all set!
It counts with fee-free ATM use and has great coverage in the country, so it's a great option for those who are looking for a mix of online service and in-person banking benefits.
Besides, this account has plenty of rewards and incentives for its users, such as joining the Simple Cash Back program for free, in which you can earn cash back on purchases at the bank's partners.
Bear in mind that you might be charged a $3 monthly fee for paper statements, but you can avoid this by opting for free electronic statements.
Citi High-Yield Checking
This account doesn't have a minimum opening requirement, it reimburses ATM fees and even grants a yield! Besides, it doesn't have monthly fees (as long as you meet the minimum balance requirement) and counts with many online and mobile banking features.
The average balance required per month is $5,000, otherwise, you'll have to cover a $15 monthly maintenance fee.
Regarding yield, it will depend on your balance. It offers 0.20% APY on those up to $9,999; 0.40% on balances between $10,000 and $24,999; and 1.01% to those above $25,000.
HSBC Advance Checking
As an affordable alternative to the Premier Account, HSBC Advance Checking offers free checks, a debit card and no minimum balance requirement.
However, you may be charged with a $25 monthly maintenance fee if you don't manage to keep a $5,000 deposit, a recurring deposit from a third party or an HSBC US residential mortgage loan.
Azlo Business Banking
This is a fee-free account that was specially created for freelancers, entrepreneurs and small business owners.
It offers plenty of mobile banking features, like mobile check deposit, granting flexibility to their users. Moreover, it doesn't have transaction limits or minimum requirements, which makes it an ideal option for small businesses.
Aspiration Spend & Save
This account has none minimum deposit or balance requirements and, if you upgrade to Aspiration Plus, it offers yield up to 1.00% APY on Save account balance.
Regarding rewards and incentives, it grants free ATM withdrawals at 55,000 ATMs in the Allpoint Network. In addition, you can get up to 5% cash back at Conscience Coalition merchants.
Simple Checking Account and Protected Goals Account
Simple offers a no maintenance fee checking account with a 0.01% APY yield on your balances.
It counts with many features, like Safe-to-Spend, which allows you to organize your spending, and a spending track that will help you create your budget.
On the other hand, Simple counts with its Protected Goals Account, which is a high-yield checking account that earns 1.40% APY on your balances. This account is ideal to save for long-term goals.
Varo Bank Account
This is an online checking account that doesn't have monthly fees or minimum deposit or balance requirements. In addition, if you open a Varo Savings Account you can earn 2.80% APY on balances of up to $10,000.
Regarding fees, it has no minimum balance or monthly fees. In any case, it may charge you a $2,50 fee for withdrawals out of their ATM network.
Chime Deposit Account
This account will only charge you fees ($2,50) if you make an over the counter withdrawal, and you can easily avoid this fee as the bank has 38,000 ATMs.
Moreover, it has no minimum deposit and balance requirements.
The digital bank M1 Finance offers this checking account, which is a great option if you are considering an alternative to traditional checking accounts.
As you may have imagined, this account doesn't have a minimum opening deposit or balance requirements.
If you are looking for high-yield accounts, you may want to upgrade de M1 Plus, as you can earn 1.0% APY on all account balances.