Category: Checking Accounts

Best Banks for Checking Accounts

Your checking account might be the most important financial account in your everyday life. You receive income, pay bills, and make purchases from that account, so it’s crucial to have everything working smoothly. Not only do you need an account that functions well, but a bank that minimizes fees...
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BMO Harris Bank

Founded in 1882, BMO Harris is the 8th largest bank in North America based on assets. There are now more than 500 branches in eight states and the bank serves individuals, families, and businesses. This in-depth review of BMO Harris Bank helps you learn more and decide if the...
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Best Online Checking Accounts

An online checking account is an excellent choice for convenient, low-cost banking. With the dizzying number of options available, we’ve highlighted some of the best accounts that can help you manage your day-to-day finances online. These offerings keep fees to a minimum, they offer essential (and sometimes unique) features, and they...
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The Bottom Line

When shopping for a checking account, know that there are different types of checking accounts that cater to different customers. The ideal checking account is one that satisfies your banking needs and budget. Don’t be tempted by sign-up bonuses and high interest rates alone—they won’t be worth much if...
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Reward Account

As the name suggests, these types of checking accounts provide basic checking account features plus added benefits to incentivize customers to open and use them. They generally pay interest—often at an even higher APY than the bank’s interest checking accounts. Some banks also offer reward account holders the perks of...
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Interest Checking Account

Interest-bearing checking accounts, referred to as interest checking or high-yield checking accounts, are similar to basic accounts but pay interest on your deposits. This allows you to earn a small amount every month just for keeping your money at the bank.7 The specific amount you’ll earn depends on the annual...
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Online-Only Account

While some brick-and-mortar banks also offer online-only accounts, online accounts are generally available at online banks, which don’t have physical branches you can visit. These types of checking accounts offer the features of basic bank accounts but require you to be comfortable with handling your finances over the internet and the...
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Free Account

While it may be harder to find these types of checking accounts, free checking isn’t dead. Banks continue to offer free checking accounts to drum up business—particularly at smaller banks, credit unions, or online banks.3 Free accounts generally offer features similar to basic checking accounts but without a monthly maintenance...
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Basic Checking Account

This “plain vanilla” account is the simplest type of checking account, and you can get it from most brick-and-mortar banks and credit unions. It provides a small set of features and is suitable for everyday banking. Basic checking accounts generally allow you to: Access and transfer money Withdraw funds from an...
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