The Best Online Banking Companies 2023
Control your finances, live your best life
Use an online bank account to manage your finances at a high rate of interest. With no fees, no minimums, and 24/7 access, discover the best possible online accounts.
All Sites are:
- Reviewed By Experts
- Secure & Trusted
Last updated
Our Best Choice
9.7
BankOnline score
554 people chose Chime today
Citi
Award Winning Antivirus for both Web & Mac
3.85% Annual Percentage Yield with $1.00 min to earn
- Variable rate as of Feb 22nd 2023 may change after account opening
- Grow your money safely & securely
- Member FDIC
1.40% Annual Percentage Yield with $1.00 min to earn
8.1
BankOnline score
Chime
Socially-conscious and sustainable financial service
- Get $150 for spending $1000
- 55,000+ free in-network ATMs
- Spending & saving services in one account
9.6
BankOnline score
Upgrade
Socially-conscious and sustainable financial service
- Live customer service available all week
- Automatic savings options available
- Earn 3.00% and qualify to earn up to 5.00%¹
9.6
BankOnline score
Aspiration
Socially-conscious and sustainable financial service
- Live customer service available all week
- Automatic savings options available
- Earn 3.00% and qualify to earn up to 5.00%¹
9.6
BankOnline score
Capital One
Socially-conscious and sustainable financial service
- Live customer service available all week
- Automatic savings options available
- Earn 3.00% and qualify to earn up to 5.00%¹
9.6
BankOnline score
Barclays Online Savings
Socially-conscious and sustainable financial service
- Live customer service available all week
- Automatic savings options available
- Earn 3.00% and qualify to earn up to 5.00%¹
9.6
BankOnline score
Varo Bank
Zero monthly fees for checking & savings
- Live customer service available all week
- Automatic savings options available
- Earn 3.00% and qualify to earn up to 5.00%¹
9.6
BankOnline score
American Express National Bank
Socially-conscious and sustainable financial service
- Get $150 for spending $1000
- 55,000+ free in-network ATMs
- Spending & saving services in one account
9.6
BankOnline score
Discover
Socially-conscious and sustainable financial service
- Get $150 for spending $1000
- 55,000+ free in-network ATMs
- Spending & saving services in one account
Get Smart:
What does it take to apply for an Online Account?
- • Social Security number.
- • An official government-issued photo ID, such as a driver’s license, passport, or state/military identification.
Our Best Choice
8.4
BankOnline score
Chime
Get more value with a better banking experience
- Fee free overdraft up to 200 $
- 10M+ downloads on mobile app
- Get paid up to 2 days early
- No monthly fees
Discover The Advantages Of Online Banking: A Guide To Making The Switch
Are you tired of long lines and limited banking hours? With 80% of Americans now opting for digital banking, it’s clear that the future of finance is going virtual. And the best part? You can access your accounts from anywhere, at any time, with just a few clicks. But, we understand that switching to a new system can be intimidating.
That’s why we’ve created this guide to help answer all your questions and dispel any fears about going digital with your checking and savings accounts. From the convenience of 24/7 access to all the services you’d expect from a traditional bank, here’s why online banking is the smart choice for your financial future.
So, what are you waiting for? Join the millions of Americans already experiencing the ease and simplicity of online banking. Switch today and start enjoying all the benefits of virtual banking!
Unleash The Power Of Online Banking: 5 Must-Know Benefits
If you’re looking for a more convenient and cost-effective way to manage your finances, look no further than online banking. With a variety of benefits ranging from lower fees to higher interest rates, it’s no wonder why 80% of Americans are making the switch.
Here are 5 must-know tips that will help you get the most out of your online banking experience:
Save Money with Lower Fees: Say goodbye to high banking fees and hello to more money in your pocket. Online banks don’t have the overhead costs of maintaining physical branches, allowing them to offer low or no fees to their customers.
Earn More Interest: Boost your savings with higher APY rates offered by online banks. With interest rates that can be 1% to 2% higher than traditional banks, you could be earning more money in just a year’s time.
Access Your Money Anytime, Anywhere: Managing your finances doesn’t have to be a hassle. With online banking, you can access your accounts 24/7 from anywhere, and many online banks even offer ATM connections for easy withdrawals.
Enjoy a Better Banking Experience: Online banking dominates fintech, offering better customer service and a wider range of options than traditional banks. Whether you need assistance in the middle of the night or on the weekends, online banking provides a hassle-free experience.
One-Stop Shop for Your Finances: Online banks offer a variety of banking products, including checking, savings, and money market accounts. Capital One, for example, even offers auto loans, credit cards, and other banking products to keep all your finances in one convenient place. So, why wait? Make the switch to online banking today and start enjoying the benefits of a smarter, more convenient financial future.
online banking FAQ
•Q: Are there any disadvantages to having an online bank?
•A: One potential issue is limited liquidity. While you can easily access a few hundred dollars from an ATM, if you need a larger sum on the same day, it might pose a challenge. To mitigate this, you can opt for an online bank that also has physical branches, such as Chase
•Q: What’s the difference between net banking and mobile banking?
•A: Mobile banking refers to accessing your bank account through an app on your smartphone, while net banking refers to using the bank’s website on a computer. Both allow you to check your account balance, deposit checks, pay bills, and more. However, some banks may limit their mobile banking capabilities compared to net banking.
•Q: Is it safe to use an online bank?
•A: Online banks are protected by FDIC insurance up to $250,000, just like traditional banks. However, any bank or financial institution with an online presence is vulnerable to cyber threats such as hacking. To stay safe, don’t click on links in emails claiming to be from your bank, use a strong and unique password, and enable Two-Factor Authentication if available. Also, avoid logging into your bank account on public computers or Wi-Fi.
•Q: What are some ways to secure my online bank account?
•A: To keep your online bank account secure, you can adopt several practices such as choosing a strong and unique password, enabling Two-Factor Authentication, avoiding logging in on public computers or Wi-Fi, and using your phone data or app to access your account at public places.
In conclusion, online banking offers several benefits that make it a superior option to traditional banking. With lower fees, higher interest rates, ease of access through ATM connections, better customer service and a wider range of products, online banking has become the preferred choice for many. Additionally, online banks are insured by FDIC and have security measures in place to keep your account safe. By being vigilant with password protection and avoiding public Wi-Fi access, online banking can be a convenient and secure way to manage your finances. So, if you’re looking for a better banking experience, it’s time to consider making the switch to online banking today.