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Top Online Banking Reviews

Opening a new bank account is an important choice that has to be made carefully. Delve into each online banking review to make the best choice.

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SoFi® Checking & Savings

SoFi® Checking & Savings

SoFi® is an online bank founded in 2011. It provides a variety of banking services, including credit cards, mortgages, investments, loans, and of course, bank accounts. SoFi Checking and Savings provides a competitive APY, and when you open this savings account, you automatically get a checking account too. The accounts are FDIC-insured, and you can access them at any time through the mobile app.

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Chime®

Chime®

Chime®* is an award-winning financial app and debit card. Rest easy knowing your funds are FDIC-insured² through Chime's banking partners The Bancorp Bank and Stride Bank, N.A.. With simple online and mobile interfaces managing money virtually is easy. *Chime is a financial technology company, not a bank. Banking services and debit card provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC.

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Discover® Cashback Debit Checking

Discover® Cashback Debit Checking

Discover® Bank dates back to 1911 and offers a range of services to customers, including bank accounts, credit cards, loans, mortgages, and more. The Discover Cashback Debit is a no-fee checking account that offers 1% cash back. (See website for details.) You can also get your paychecks early when you set up direct deposit. The account is secure and offers access to 60,000+ fee-free ATMs.

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OnePay Cash

OnePay is a fintech company that offers an online checking account which you can use to save money, and debit Mastercard through its partner Coastal Community Bank. Users with at least $500 in monthly direct deposits can benefit from 3.75% APY, earlier paydays, 3% cash back at Walmart (up to $150 monthly), and other exciting features. The app is simple to use and well-rated on the iOS App Store and Google Play Store.

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Upgrade Rewards Checking Plus

Upgrade Rewards Checking Plus

Upgrade is a San Francisco-based financial technology company founded in 2016. It offers a checking account, credit cards, personal loans, and a credit monitoring and education center. Upgrade’s Rewards Checking Plus account offers 2% cash back on certain types of purchases¹ made with your debit card up to $500 per year, plus 1% cash back on all other purchases. The Rewards Checking Plus account has no monthly fees.²

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CIT Bank

CIT Bank

CIT Bank is an online bank that allows you to access banking services securely and conveniently, without leaving home. CIT Bank’s streamlined service model allows it to offer higher interest rates on savings accounts and lower service fees than many of its competitors. CIT Bank is a division of First Citizns Bank.

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Discover® High Yield Online Savings Account

Discover® High Yield Online Savings Account

Discover® is a trusted name for finance solutions and known for being a top credit card issuer. The company is also a leading online bank and we were curious to see if Discover could do as well with online saving accounts as it has with its other finance products. What we found were good interest rates, a useful mobile app, and no fees. Here’s what else we learned.

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Barclays Tiered Savings

Barclays Tiered Savings

Barclays is a trusted name in banking, and although its roots stretch back to 17th century England, it’s as innovative as any financial institution on the market. Given its reputation, we were anxious to review the latest Barclays offering, online banking, and we weren’t disappointed. Barclays offers high APYs and low or no fees. Now let’s take a closer look at this banking solution.

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Western Alliance High Yield Savings

Western Alliance High Yield Savings

Raisin is a financial platform that brings together savings accounts, high-yield CDs, no-penalty CDs, and money market deposit accounts from over 25 partner banks. You can deposit money in any of the available accounts and manage all of your accounts through Raisin. Explore Western Alliance products powered by Raisin with no fees incurred from Raisin on any of the savings products offered.

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Bank of America Advantage Banking

Bank of America Advantage Banking

Bank of America Advantage Banking is a checking account with three options: Advantage SafeBalance®, Advantage Plus®, and Advantage Relationship®. You can pick the one that suits you best now and then switch when your life changes. Established in 1904, Bank of America is now one of the largest banks in the country and the winner of numerous awards, including Javelin Strategy & Research’s Best Mobile Banking and Best Online Banking in 2022.

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Varo Bank

Varo Bank

Varo Bank, N.A. is a hybrid online/mobile bank. Its Varo Bank Account comes with the promise of no monthly account maintenance fees and its Varo Savings Account has attractive annual percentage yields (APYs). Varo Bank offers significant advantages over online and brick-and-mortar banks: namely, no minimum balance to open an account; and the option of having your paycheck deposited up to two days early.

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Discover® CD Rates

Discover® CD Rates

Discover® has been in operation since 1985, and digital in some form since 1995. Its Certificate of Deposit (CD) account lets you grow your money by locking in a high-interest rate for a fixed term of between 3 months and 10 years. Its rates are very competitive compared to other traditional banks. It also has 24/7 support and great security, so if you’re looking for an effective way to save in the longer term, Discover CD is well worth a look.

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SkyOne Callable CD

SkyOne Callable CD

Raisin is a marketplace that helps you find the best rates for a certificate of deposit (CD) account, savings account, or money market account. The company connects you with accounts that you may not otherwise be able to access, like minority-owned and community-driven institutions. With SkyOne powered by Raisin, you’ll earn higher rates than you would if you signed up directly through one of the company’s partner banks.

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Barclays CD

Barclays CD

Barclays is a trusted name in banking, and although its roots stretch back to 17th century England, it’s as innovative as any financial institution on the market. Given its reputation, we were anxious to review the latest Barclays offering, online banking, and we weren’t disappointed. Barclays offers high APYs and low or no fees. Now let’s take a closer look at this banking solution.

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mph.bank Callable CD

mph.bank Callable CD

Raisin is a marketplace that helps you find the best rates for a certificate of deposit (CD) account, savings account, or money market account. The company connects you with accounts that you may not otherwise be able to access, like minority-owned and community-driven institutions. With mph.bank powered by Raisin, you’ll earn higher rates than you would if you signed up directly through one of the company’s partner banks.

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U.S. Bank; Member FDIC

U.S. Bank; Member FDIC

US Bank offers 5 checking accounts to choose from along with savings and investment accounts, home loans, and credit cards. If you fund a new Easy, Gold, or Platinum Checking Account with two deposits totaling $5,000 within 30 days and maintain a balance until the 60th day after account opening, US Bank will credit you $800. It's easy to manage your spending and transfer funds with the US Bank mobile app, and customer support is available 24/7.

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Mercury

Mercury is a banking* services platform that offers high-tech business checking and savings accounts for startups and growing companies. Mercury charges zero account fees and doesn’t require a minimum deposit. You can request physical debit cards or create your own virtual cards for employees. Mercury also offers an API so you can integrate your bank account with the rest of your business software.

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Grasshopper

Grasshopper

Headquartered in New York City and founded in 2019, Grasshopper is a digital banking solution for small businesses, startups, and venture capital & private equity firms. Checking accounts for start-ups and SMBs can be opened in less than 10 minutes, and there is no monthly maintenance fee or minimum balance required after funding. Account holders get access to a free Visa debit card, and the accounting software Autobooks.

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North One

North One

North One offers small business checking accounts with modern features. You can integrate your checking account with accounting software, eCommerce networks, and more, plus pay bills directly from your account. North One also enables you to create an unlimited number of Envelopes to set aside money for payroll, taxes, or savings goals.

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American Express® Business Checking

American Express® Business Checking

Founded in 1850, American Express is a U.S. financial services powerhouse whose products include bank accounts, credit cards, and loans. Its business checking account primarily targets small businesses and stands out for its zero monthly maintenance fee and a 1.30% annual percentage yield (APY)† on the first $500,000 of your account balance. Members also enjoy the convenience of 24/7 live support and access to a large network of fee-free ATMs.

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Lili

Lili

Lili Banking is ideal for small businesses looking to get a better hold on their finances. Lili makes it easy to set money aside for taxes, organize expenses, and even get early access to direct deposits. The Lili Smart account offers advanced expense management tools and a unlimited invoices and payments. Lili's Standard account is completely free, and their Smart account is just $35 per month.

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Bluevine

Bluevine

When it comes to small businesses, you want a business checking account that offers flexibility along with excellent customer support and low fees. Bluevine gives its small business owners peace of mind and an array of services with its online options. Bluevine is not a bank, its banking services are provided by Coastal Community Bank, and all accounts are insured up to $3M through Coastal Community Bank, Member FDIC and their program banks.³

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Relay

Relay

Founded in 2021, Relay is an online banking platform for small businesses, accountants, and bookkeepers to automate their bill pay and manage their cash flow and operating expenses. It charges no fees and makes it easy to send and receive ACH transfers, checks, or wires. You can sync transaction data directly in QuickBooks or Xero, and set up role-based permissions so there’s no need to share login information between staff.

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Found

Found

Launched in 2019, Found allows freelancers and the self-employed to carry out their business banking, keep track of their bookkeeping, and manage their expenses through a single platform. As well as providing you with a Mastercard debit card for business spending, the company offers tax and invoicing tools, such as automatic invoice generation and the ability to pay taxes via the app if you file a Schedule C.

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