Checking Accounts

A checking account allows you to deposit and withdraw money at your convenience. They are often used to pay for items, receive income and make money transactions. Some banks offer free checking accounts, while others can have some fees associated with them.

Checking Accounts

Review the different checking accounts available to identify the one that will help you achieve your financial goals.
Read our analysis to choose a better checking account through a big bank or your local bank to simplify your finances and save you money.
Learn how to open a checking account online to avoid the hassle of multiple forms and identification using online banking.
Review traditional banks and other financial institutions offering personal banking services like savings and deposit accounts.

What is a Checking Account?

A checking account is a deposit account where you can manage all your financial transactions. It allows you to set up automatic transfers to pay for your bills or receive income such as salary or wages. You can withdraw or deposit money easily, either using an ATM or going to a bank branch, depending on the bank and/or type of account. With a checking account, you can also make payments using a card or a check when available for your type of account.

What Do You Need to Open a Checking Account?

Before opening the account, it’s always best to compare different banks and account types to find the best for your needs. Once you have identified the best account for you, you can then proceed to open it. Most banks will require you to be over 18 years old or have a co-signer in the account. They will also run a background credit check before you can open an account with them.

Checking Accounts Providers

View here some banks and financial companies offering checking accounts:

Chime Bank Logo
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Chime

Traditional banks aren’t for everyone. Chime offers simple money management, no hidden fees, secure credit building and online banking.
Aspiration Logo Tagline
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Aspiration

Aspiration offers socially-conscious and sustainable cash management services and investment products, so you can make money while making the world a better place.
MoneyLion Logo
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MoneyLion

Learn more about the MoneyLion app to handle your online banking needs, from investing and direct deposits to rebuilding your credit score.
BankMobile Logo
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BankMobile

BankMobile is the first fully digital bank, aiming to provide a robust financial platform to help your finances flourish.

How Do you Choose the Best Checking Account?

As different banks offer different types of accounts with different features, you should consider what features are important. For example, some banks will require you to hold a minimum balance in the bank account or charge you for overdraft limits. Other fees you should consider are the monthly maintenance or any fees associated with going over the maximum amount of transactions each month. 

Choose the best checking account for your needs

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