13 Best Online Checking Accounts Like Chime in 2021

Some folks don’t financial institution on-line as a result of they wish to preserve a checking account with a neighborhood financial institution department. The drawback is, some brick-and-mortar checking accounts include hefty charges.

When the charges don’t justify the advantages, it’s time to change. The finest online-only checking accounts don’t cost charges. And, cell deposit and free ATM entry make on-line banking simple.

If you’re like most individuals, you hardly ever stroll right into a financial institution anymore. With direct deposit, you now not must deposit a examine every month. If you do obtain a paper examine, you may deposit it utilizing a cell app.

When you should pay a invoice, you most likely use on-line invoice pay. And the net financial institution will ship a free examine when a paper examine is required.

You nonetheless want a neighborhood financial institution to make money deposits. Otherwise, on-line checking accounts can deal with most of your banking wants.

Top Online Checking Accounts

You’ll discover there are a lot of free on-line checking accounts. To select one, concentrate on what financial institution advantages you need.

Some of those advantages embody:

  • Free ATM entry
  • Interest earned on deposits
  • Debit card buy rewards
  • Overdraft safety
  • Paper checks

Every on-line financial institution presents completely different advantages.  For instance, some on-line banks don’t provide paper checks. But they are going to mail a examine without cost when digital cost isn’t attainable.

1. Consumers Credit Union

There is not any minimal stability quantity, earn curiosity and keep away from charges at Consumers Credit Union.

You can earn as much as 4.09% APY on the primary $10,000 in deposits while you full these month-to-month actions:

  • Complete 12 debit card purchases with a complete buy worth of $100+
  • At least $500 in month-to-month direct deposit or ACH deposits
  • At least $1000 in purchases on a CCU bank card

Making 12 debit card purchases and $500 in direct deposits allow you to earn 3.09% APY in your first $10,000. Reaching these month-to-month milestones additionally provides you limitless free ATM entry.

Your rewards checking account additionally gives free on-line invoice pay, on-line banks and limitless checks.

Unlike a lot of the finest on-line checking accounts, you will have native department entry. Consumers Credit Union has over 5,000 shared branches nationwide.

Tip: CIT Bank presents high-yield rate of interest of as much as 0.40% on its financial savings account.

2. Chime

One of the extra attention-grabbing on-line checking accounts is Chime.

As a brand new member, you’ll obtain a Visa debit card that you should utilize without cost at 38,000 MoneyPass ATMs. But when you use a non-network ATM, Chime prices $2.50. So ensure an in-network ATM is close by earlier than you be a part of.

Chime additionally prices $0 for all of those charges:

  • Overdraft charges
  • Monthly account payment
  • Foreign transaction charges

There isn’t a minimal account stability to maintain your Chime checking account open, both.

There are a number of tradeoffs to those advantages, nonetheless. For instance, you gained’t get a paper checkbook. But, Chime will mail a examine to another person for you.

Also, Chime’s checking accounts don’t earn any curiosity. This isn’t unusual for on-line banks. But some on-line banks do pay curiosity so it’s one thing to ponder while you’re selecting.

No Delay on Some Direct Deposit Paychecks

One cool Chime function is that the day your employer sends cost to Chime, you may entry your cash. Some banks maintain your direct deposit for as much as two days.

This is as a result of the Automated Clearing House (ACH) system transfers the cash out of your employer’s financial institution to Chime.

But some employers work with Chime to make sure you expertise no delay. That means you could possibly be getting your paycheck as much as two days sooner than you’d at different banks.

Transfer Up to 10% of Each Paycheck to Savings

Are you conversant in the adage to “pay yourself first?” Chime makes that simple with this function.

Each paycheck, Chime can switch 10% of your earnings to a Chime financial savings account. Ten % is a pleasant rule of thumb for the least it’s best to save every month. By transferring the money when it arrives, you by no means discover it’s gone.

The financial savings account additionally earns a aggressive rate of interest (0.50% APY as of January 5, 2021). There aren’t any account service charges or minimal stability necessities both.

Round Up Savings

If you want micro-savings apps like Digit, you’ll like this device. With every buy you make in your Chime debit card, Chime can spherical up the quantity to the subsequent greenback. So, when you spend $3.75, Chime transfers $0.25 to your financial savings account.

This method, you may nonetheless get monetary savings while you spend cash.


  • $0 account charges, overdraft charges and international transaction charges on debit purchases
  • No minimal stability required
  • Receive your paycheck as much as two days early
  • Mobile deposit and on-line invoice pay


  • Not all employers provide early direct deposit
  • You don’t get a paper checkbook
  • $2.50 payment for non-network ATMs

Read our Chime Bank evaluation right here.

3. Acorns

Acorns presents an internet checking account with a debit card through the Acorns Spend product. There are additionally over 55,000 free fee-free ATMs and automated financial savings transfers.

As Acorns is a micro-investing app, it’s attainable to have your spending cash and investing cash on the similar place.

The app can spherical up your purchases and invests that additional quantity. And Acorns invests your on-line purchasing rewards, too. These options make it simple to take a position small quantities of cash.

You can pay $3 a month to get an Acorns Spend checking account. But you even have entry to the common Acorns Core investing app and the Acorns Later IRA retirement account.

For $5 a month, you too can open investing accounts in your youngsters.

Acorns gained’t make investments your checking account stability. However, you may have Acorns make investments your spare change annually.

So let’s assume you already pay $1 a month for Acorns Core. If so, you pay $2 extra for the Acorns checking account. And when you use the Acorns Later IRA, you solely pay $1 extra per thirty days.

Paying a month-to-month service payment is a draw back. As a tradeoff, you get limitless free ATM entry. This profit alone pays the month-to-month $3 payment when you repeatedly pay ATM charges now.

With Acorns Spend, you may take pleasure in these on-line banking advantages:

  • Direct deposit
  • Mobile examine deposit
  • Check sending
  • Bank-to-bank transfers
  • Unlimited free ATM entry

You may use Acorns to create spending methods. This device helps you reside inside your means by letting you create financial savings targets and monitor spending.


  • Unlimited free ATM entry
  • Access to your complete Acorns micro-investing platform
  • Debit card included
  • Can ship checks via Acorns app


  • $3 month-to-month payment
  • Fewer options than another on-line checking accounts
  • Only choose on-line shops earn money again rewards

4. Simple

Simple lives as much as its title.

Like Chime, you may open an account for $0 and gained’t pay any charges. The one exception is any charges you’re charged by a non-network ATM. But there are 40,000 fee-free ATMs you should utilize.

The finest motive to hitch Simple is when you will have not less than $0.01 in a “Protected Goals” high-yield checking account, that stability earns 0.50% APY.

You will first must open fundamental checking account (Simple Account) to hitch Simple. This free checking account doesn’t have an stability necessities and covers your every day spending.

Usually, you earn extra with an internet cash market account than with a checking account. That isn’t all the time the case with Simple. Right now, any financial institution rate of interest above 0.50% APY is the “gold standard.”

Simple additionally presents some good instruments that will help you price range.


Simple doesn’t cost an overdraft payment. But overspending nonetheless stinks when you neglect you will have a invoice to pay that you simply haven’t deliberate for.

Simple’s Safe-to-Spend device helps you keep away from spending greater than you will have in your account. Simple compares your regular bills to your present account stability. The distinction is your “safe-to-spend” quantity.

So if you should make an unplanned buy, you may spend as much as this quantity and shouldn’t overdraft.

Track Spending in Real-Time

A great cash behavior is to evaluation your purchases not less than as soon as a month. Then, evaluate them to your month-to-month spending plan.

If you wait too lengthy, you neglect why you made sure purchases. To forestall this, Simple helps you to take in-app notes while you pay. You may add images and hashtags to purchases, too.

You may monitor spending historical past by the service provider as nicely. And Simple has some helpful charts you may take pleasure in.

Shared Accounts

One basic debate is that if {couples} ought to have separate or joint accounts. With Simple, you may have each and earn curiosity in a high-yield account.

When you each have Simple accounts, you may set financial savings targets and construct a price range collectively.

But for these shock purchases, you may make sure transactions personal. This method, transactions for date nights, birthdays and vacation items can nonetheless be stored secret.


  • Earn as much as 0.50% APY on deposits (spectacular for a checking account)
  • Safe-to-Spend prevents account overdrafts
  • No account charges or in-network ATM charges


  • Non-network ATM charges
  • 1% international transaction payment for debit card purchases made abroad
  • No paper checks

5. Bank5 Connect

With a Bank5 Connect High Interest Checking Account, you take pleasure in these advantages:

  • $15 month-to-month ATM payment credit score
  • 0.20% APY on all balances better than $100
  • Cash again debit card rewards
  • Free first order of fundamental checks

It’s free to open a Bank5 Connect account. The minimal preliminary deposit is $10, however attempt to discover one other $90 to deposit so you can begin incomes curiosity.

You even have free on-line invoice pay and cell banking.

Bank5 Connect is without doubt one of the most well-rounded banks on this record. You don’t want a excessive account stability to earn rate of interest. And you get free ATM entry and debit card rewards.

In addition to free invoice pay and paper checks, cashier’s checks are free, too. These checks normally value $10 to $15 at most banks.

You can pay a $15 inadequate funds payment, however overdraft transfers are free. Opting for paper account statements prices $1 per thirty days.


  • Competitive rate of interest with a minimal account stability of $100
  • $15 month-to-month ATM payment credit
  • Debit card buy rewards


  • Must have $100 account stability to earn curiosity
  • Must deposit $10 to open an account

6. Radius Bank

Radius Bank presents private and enterprise checking accounts. You get limitless free ATM rebates worldwide. Plus, you may earn as much as 0.15% APY curiosity.

All accounts include a debit card and free paper checks can be found. After all, there are nonetheless occasions when you should write a examine.

Radius presently presents one checking account choice for private use. Business checking accounts can be found too.

The most rewarding is the Rewards Checking account. You gained’t pay a month-to-month upkeep payment and also you solely want a $100 first deposit.

If you personal a enterprise you may just like the Radius Tailored Checking account. It too doesn’t have ATM charges and also you get free on-line invoice pay. Keeping a $5,000 account stability waives the $10 month-to-month account payment and pays 0.10% APY in your whole stability.

Related Post: Best Bank Accounts for Business

Below is a extra in-depth take a look at each of those Radius checking accounts.

Rewards Checking

The Rewards Checking solely requires a $100 opening deposit. You don’t have to keep up a minimal stability. And you by no means have to fret a few month-to-month upkeep payment.

However, you maximize this checking account by having a minimal $2,500 account stability. With this stability, you may earn curiosity and debit card rewards.

It’s attainable to earn as much as 0.15% APY in your account stability:

  • Earn 0.10% APY on balances of $2,500 to $99,999
  • Earn 0.15% APY on balances of $100,000 and up

You may get 1% again every month in your debit card purchases. Simply preserve a $2,500 account stability or have not less than $2,500 in month-to-month direct deposits.

There are two different Rewards Checking perks it’s possible you’ll take pleasure in. First, you will have limitless ATM payment rebates. Second, it’s attainable to get your paycheck as much as two days early.

Radius doesn’t require you to maintain a minimal stability. But there’s a minimal $100 preliminary deposit to open a Rewards Checking account.

You might resolve to open an account for the free ATMs. Then, you may park your additional money in a high-yield financial savings account to earn the next rate of interest.

The Radius app additionally helps you to make a price range and analyze your spending traits. Plus, you monitor your non-Radius account balances.

Tailored Checking

Radius additionally presents small enterprise checking with its Tailored Checking choice. Like the private checking accounts, Radius waives all ATM charges worldwide. You solely want a $100 deposit to open an account.

However, you should preserve a $5,000 stability to keep away from the $10 month-to-month upkeep payment. Keeping this stability additionally means you earn 0.10% APY.

You get free and limitless on-line invoice pay for workers and distributors. Paper enterprise checks are additionally obtainable to order. Radius additionally presents Autobooks software program to trace your spending and ship invoices.


  • Personal and enterprise checking accounts
  • Unlimited free ATM withdrawals
  • Only want $100 to open an account
  • First field of paper checks is free


  • Must have excessive account stability to earn curiosity and debit rewards
  • Tailored Checking account might have $10 month-to-month account payment

7. Axos Bank

Axos Bank presents 5 completely different on-line checking accounts. One account is for seniors (age 55+) and one other is for teenagers between ages 13 and 17.

The different three customary accounts are open to all members. As you most likely anticipate, the banking rewards are completely different for every account choice.

All 5 accounts are free to open and don’t cost month-to-month upkeep charges. And none of them require minimal balances. Below is a short abstract of the 2 finest customary accounts.

Essential Checking

The Essential Checking choice is free and easy to make use of. For fee-free checking, think about this Axos Bank product.

You can take pleasure in these advantages:

  • Unlimited home ATMs
  • No month-to-month charges
  • No overdraft or inadequate fund charges

It’s additionally attainable to obtain your direct deposit as much as two days early. This account doesn’t earn curiosity nevertheless it’s simple to keep away from frequent financial institution charges.

Rewards Checking

The Rewards Checking account provides you 3 ways to earn as much as 1.25% curiosity. If you solely full one or two duties, you earn the rate of interest for these duties.

  • Receive month-to-month direct deposits of not less than $1,000: earn 0.4166% APY
  • Use debit card 10 occasions month-to-month: earn 0.4166% APY
  • Use debit card 15 occasions month-to-month: earn 0.4166% APY

For every debit card transaction, the minimal buy quantity is $3 to earn rewards. By making not less than fifteen in-person purchases, you earn 0.8332% APY for the month. And when you have not less than $1,000 in direct deposits, you earn 1.25% curiosity for the month.

You even have limitless home ATM withdrawals. Besides, you gained’t pay any overdraft or non-sufficient funds charges, both.

The minimal preliminary deposit is $50 but there isn’t an ongoing minimal stability.

CashAgain Checking

You can rise up to 1% again on all signature-based debit card transactions — that’s, any time you make an in-person buy together with your card.

It’s attainable to earn as much as $2,000 again every month in debit card purchases. But you should preserve a minimal $1,500 account stability.

You earn 0.50% again on qualifying purchases if the stability dips under $1,500.

This is usually a higher choice than rewards checking when you earn extra in buy rewards. And once more, bear in mind the tax implications of curiosity earned (taxable) vs. money again (not taxable).

Like the Rewards Checking choice, you will have free home ATM withdrawals.


  • Two methods to earn checking rewards
  • Zero account charges or account minimums
  • Free limitless home ATM entry
  • No overdraft or non-sufficient fund charges


  • Golden Age and First Checking accounts don’t have limitless free ATM entry

8. Discover

This subsequent choice is a rewards-earning on-line checking account. Discover Cashback Debit pays you 1% again on debit card purchases. This bonus applies to the primary $3,000 in month-to-month debit card purchases. Each month, you may earn as much as $30 in money rewards.

Also, Discover doesn’t have any account charges or stability necessities. You even have entry to 60,000 fee-free ATMs in the U.S.

Online invoice pay and customary paper checks are free. Sending cash to pals with Zelle is free and quick.

Even official financial institution checks (cashier’s checks) are free. These checks normally value $10 to $15 at most banks.

Another nifty perk is that Discover waives your first payment every calendar yr. So you may be capable to save $30 on an overdraft payment. Or $15 on a cease cost payment.


  • 1% again on first $3,000 in month-to-month debit card purchases
  • First payment forgiveness every calendar yr
  • 60,000+ free ATMs in the U.S.


  • $30 overdraft payment (most of 1 cost per day)

Read our Discover Bank evaluation to study extra.

9. Ally Bank

Ally Bank pays curiosity in your account stability, as much as 0.25% APY. And, Ally reimburses your first $10 in ATM charges every month.

You earn 0.10% on account balances lower than $15,000. Then, when your stability goes over $15,000, you’ll earn 0.25% APY.

There are additionally 43,000 fee-free Allpoint ATMs you should utilize. For non-network ATMs, Ally reimburses your first $10 in charges every month. So when you repeatedly use ATMs that cost a $4 payment, meaning two free withdrawals every month.

One draw back is that when you overdraft, Ally prices a $25 inadequate funds payment as soon as a day.

However, Ally makes it simple to ship cash to pals. With Zelle, you may rapidly ship cash to any U.S. checking account. You solely want an e-mail handle or U.S. cell quantity.


  • First $10 in month-to-month ATM charges are waived
  • Quickly ship cash to family and friends with Zelle
  • All account deposits earn curiosity every day


  • Fewer fee-free ATMs than different on-line banks
  • No paper checks

10. Capital One 360

For the online-only arm of Capital One, open a 360 Checking account. You gained’t pay any account charges and also you gained’t have to keep up a minimal stability.

With 360 Checking, you may’t go to a Capital One department for assist. But you may cease by a Capital One Cafe when you need assistance. You have cell deposit and on-line invoice pay with 360 Checking, plus on-line assist.

If you continue to want paper checks, your first guide is free. And you should utilize on-line invoice pay or your debit card to pay payments, too.

Your whole account stability additionally earns curiosity.

Capital One presently makes use of a three-tier mannequin:

  • $0 to $49,999.99 earns 0.10% APY
  • $50,000 to $99,999.99 earns 0.10% APY
  • $100,000+ earns 0.10% APY

These rates of interest are higher than nothing. But you may earn extra in your additional money in on-line financial savings supplier like Aspiration Bank.

Three Free Overdraft Protection Benefits

Capital One presents three free overdraft safety instruments:

  • Auto-Decline: Capital One declines the transaction while you attempt to pay however don’t have sufficient funds in your account
  • Free Savings Transfer: You can switch from one other Capital One account
  • Next Day Grace: Transfer cash inside one enterprise day to keep away from the $35 overdraft payment

If your examine bounces, Capital One nonetheless prices a $9 non-sufficient funds payment. But, not less than you save $35 in overdraft charges. For on-line banks, $35 is excessive for an overdraft payment.

A fourth overdraft safety choice is a line of credit score. You wish to keep away from this selection because it’s like a bank card stability. Each day, your excellent stability accrues curiosity that you should repay.


  • Flexible overdraft safety choices
  • 39,000+ free Capital One and Allpoint ATMs
  • Entire account stability earns curiosity


  • High overdraft payment of $35 per day
  • No payment credit for non-network ATMs

11. Fidelity

Fidelity is without doubt one of the finest on-line inventory brokerages, with fee-free index funds, free investing accounts and fractional investing.

But you too can financial institution with Fidelity.

Its fee-free checking account is named a “Cash Management Account.”

It comes with these free perks:

  • Debit card
  • Unlimited U.S. ATM withdrawals
  • Paper checks
  • Online invoice pay
  • FDIC insurance coverage as much as $1.25 million

If you make investments with Fidelity, you may simply transfer cash out of your checking account to your brokerage accounts. If you make investments with a distinct dealer, it could actually take three days to switch funds.

To forestall overdraft charges, Fidelity helps you to set a goal stability. For instance, let’s say your goal stability is $500. If your stability dips to $450, they switch $50 from a linked account. Fidelity calls this their Cash Manager Tool.

You may deposit checks with cell deposit. And you may schedule automated investments and withdrawals, too.

While higher than nothing, account balances solely earn 0.01% APY.


  • Unlimited fee-free ATMs in the U.S.
  • Free overdraft safety (Cash Manager)
  • FDIC insurance coverage as much as $1.25 million


  • You nonetheless pay for international ATM charges
  • Account stability solely earns 0.01% APY

12. Charles Schwab

Charles Schwab is nice for limitless ATM payment refunds. Many international vacationers like Schwab’s on-line checking. The fundamental motive is that it waives international ATM charges.

And, your whole account stability earns 0.03% APY. This rate of interest is greater than some on-line checking account charges. And, you don’t must preserve a excessive account stability.

You may get paper checks without cost together with on-line invoice pay and cell deposit.

One of the most important cons is that you should have a Schwab brokerage account. The excellent news is that the Schwab investing account is free and has no account minimums.

If you don’t wish to make investments with Charles Schwab, keep away from this on-line financial institution.


  • No ATM charges wherever in the world
  • Deposits earn curiosity
  • Paper checks


  • Interest fee is decrease than different high-interest checking accounts
  • Must even have a Schwab One brokerage account

13. USAA

USAA could also be choice for navy service members, veterans, and their family members.

There are two free on-line checking choices with USAA. You should resolve if you wish to earn money rewards or curiosity.

Remember, the curiosity you earn is taxable, however money again rewards will not be. You’ll additionally must resolve if you’d like USAA to refund non-network ATM charges.

USAA reimburses companion ATM charges as much as 10 occasions month-to-month. But, these ATMs are principally close to navy bases and enormous cities. There are 60,000 free ATMs, however their record could be completely different than different banks.

You may rise up to $15 in month-to-month non-network ATM payment reimbursements.

For each checking account varieties, you want an preliminary deposit of $25. After that, you don’t have to keep up a minimal stability.

Like different banks, you too can ship immediate cost to pals with Zelle.

Many folks additionally like USAA for his or her top-rated auto insurance coverage insurance policies.

USAA Classic Checking

Open this checking account for these two causes:

  • Non-network ATM payment refunds (as much as $15 per thirty days)
  • Earn curiosity on account balances of $1,000 or extra

The present rate of interest is a really low 0.01% APY. So go together with this account solely for the non-network ATM refunds.

USAA Cashback Rewards Checking

For every debit card buy, you get 10 cents again. If your money rewards exceed your non-network ATM charges, select this selection.

Keep in thoughts, your first 10 in-network ATM withdrawals are free every month.

However, you don’t get non-network ATM reimbursements or earn financial institution curiosity.


  • Free ATM Access at 60,000 ATMs
  • Classic Checking members get $15 in non-network ATM credit score month-to-month
  • Rewards Checking members earn $0.10 again for every debit card buy


  • Must have a navy connection to be a USAA member
  • Minimum preliminary deposit of $25


If you tire of financial institution charges, change to an internet checking account. You’ll get all the advantages of a brick-and-mortar checking account, besides presumably paper checks. You may earn debit card rewards or financial institution curiosity.

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