Last Updated: September 2025
Manage your money with the top online bank accounts available. Simply compare, click, and get started today.
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FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
02
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Did you know? Many online bank accounts reimburse ATM fees nationwide,
that means fee‑free cash withdrawals wherever you are.
Did you know?
Many online bank accounts reimburse ATM fees nationwide, that means fee‑free cash withdrawals wherever you are.
03
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Our Top Choice
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FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
01
SoFi® Checking & Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Get overdraft coverage
Earn up to $300 with direct deposit. Terms apply.
02
Chime®
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Cutting-edge digital finance services
No Monthly Fees Online
Did you know? Many online bank accounts reimburse ATM fees nationwide,
that means fee‑free cash withdrawals wherever you are.
Did you know?
Many online bank accounts reimburse ATM fees nationwide, that means fee‑free cash withdrawals wherever you are.
03
PNC Bank Virtual Wallet®
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Earn up to $400 when you open and use a select, new Virtual Wallet
Our Top Choice
01
SoFi® Checking & Savings
FDIC Insured
FDIC insurance guarantees your deposits are protected by the U.S. government, usually up to $250,000 per account.
Get overdraft coverage
Earn up to $300 with direct deposit. Terms apply.
Learn more about how findbanks.com rankings are determined.
Grow your money fast with a higher than average interest rate. Explore our top online savings accounts.
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Earn Up to 4.00% APY
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SoFi® Checking & Savings
Get overdraft coverage
Earn Up to 4.00% APY
Online banking gives customers the ability to manage finances and conduct transactions over the internet. Accounts can be accessed anywhere, anytime, typically through computers or mobile banking apps.
Offering online services can lower a bank’s operating costs, which often results in lower fees and higher returns for customers. Nowadays, many banks, credit unions, and financial institutions offer a blend of traditional and online banking.
With online banking, you can easily transfer money, use tools like Apple Pay / Google Pay, manage budgeting apps, deposit checks, and set up automatic bill payments or transfers—all from your phone or computer.
Online banks without any physical branches often partner with local convenience stores, drugstores, and provide a wide network of fee-free ATMs to meet your in-person banking needs, like handling complex transactions, large check deposits (usually $10k or more), or accessing cash.
Online banking, aka digital banking or virtual banking, is a great fit for anyone looking for an easy way to manage their finances. As long as you have reliable internet access, online banking platforms are designed to be user-friendly and accessible regardless of your tech skills.
Choosing the right online bank account can benefit your financial health by helping you avoid fees and earn interest. Here's a breakdown of the various types:
Checking account
A checking account is ideal for managing everyday expenses, with low or no ATM fees and easy access to funds through debit cards and online banking apps.
» Best checking accounts 2025
Savings account
Savings accounts are designed for storing excess money and earning maximum interest, typically with stricter withdrawal and transfer limits.
» Best savings accounts 2025
Joint bank account
A joint bank account is ideal for couples, roommates, or business partners who want an account for managing shared funds. The best joint bank account should offer features like no fees, great security, and easy access to internet banking tools. To open a joint bank account, simply indicate in your application that there will be multiple account holders and provide any necessary information to verify both individuals identity.
Online bank account free
Free online banking accounts eliminate the costs associated with keeping an account open, like monthly maintenance charges and minimum balance requirements. Without these costs eating into your balance, free banking could help you save hundreds per year.
Online bank account no fees
A checking account is ideal for managing everyday expenses. These accounts offer low or no ATM fees and easy access to funds through debit cards and online banking apps.
In most cases, free or no-fee accounts come with limitations that allow for reduced fees, such as not earning interest because the earnings are being used to cover the fees instead.
The best online bank for you depends on your personal financial needs and preferences. Use these key factors to compare online banks and find the best option for your needs:
APY measures the total amount of interest earned on an account over the course of a year, meaning the higher the APY, the more money you can earn.
To earn the highest possible interest, consider a high-yield savings account with rates averaging 3% to 5% (roughly 10x higher than a standard savings account).
You can open a bank account online free of charge in 15 minutes or less. Simply visit the bank's website, fill out an application, agree to the account terms, and submit the required documents (driver’s license/ID card, Social Security number, and proof of address).
Approval for an online bank account often takes just a few minutes. If additional verification is needed, approval can take 1 to 2 business days. If you're new to banking and want to learn the basics before opening an account, learn more.
Online banks take account safety seriously, complying with federal regulations and undergoing strict security audits. The best online banks employ state-of-the-art encryption and advanced security technologies to safeguard your personal and financial information from unauthorized access.
Every account featured on our page is fully insured by the FDIC, meaning your funds are protected in the event of a bank failure. Practice good security habits to further protect your account by routinely updating passwords and monitoring account activity.
Ratings Disclaimer: The star ratings of our teams are established by our editorial team, utilizing scoring formulas that consider various data points for each financial product and service.
Chime Disclaimers: Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank, N.A. or Stride Bank, N.A., Members FDIC. 1 Out-of-network ATM withdrawal and over the counter advance fees may apply except at MoneyPass ATMs in a 7-Eleven, or any Allpoint or Visa Plus Alliance ATM. 2 SpotMe on debit is an optional service that provides fee-free overdraft if a member meets certain qualifi cation criteria. Chime SpotMe enables members to draw their Chime Checking Account negative for debit card transactions, ATM withdrawals, cash back transactions or “over the counter” or OTC withdrawals (“Qualifying Transactions”) up to a specifi ed amount (the “Limit”). This Limit is determined by Chime in its sole discretion based on the history of any Chime-branded accounts you have, direct deposit history and direct deposit amounts, spending activity and other risk-based factors. SpotMe on debit is not a credit product, cash advance, a loan, or overdraft protection. Comparing SpotMe to any of these other products is not accurate and would diminish integrity of the product's structure. SpotMe on debit is not a credit product, cash advance, a loan, or overdraft protection. Comparing SpotMe to any of these other products is not accurate and would diminish integrity of the product's structure. SpotMe® on Credit is an optional, no interest / no fee overdraft line of credit tied to the Secured Deposit Account available to qualifying members with an active Chime Card Account. To qualify for the SpotMe on Chime Card service, you must receive $200 or more in qualifying direct deposits to your Chime® Checking Account each month and have activated your physical secured Chime Visa® Credit Card or Chime Visa® Debit Card. Qualifying members will be allowed to overdraw their Secured Deposit Account up to $20, but may later be eligible for a higher limit of up to $200 or more based on Chime account history, direct deposit frequency and amount, spending activity and other risk-based factors. The SpotMe on Chime Card Limit will be displayed within the Chime mobile app and is subject to change at any time, at Chime’s or its banking partners’ discretion. Although Chime does not charge any overdraft fees for SpotMe on Chime Card, there may be out-of-network or third-party fees associated with ATM transactions and fees associated with OTC cash withdrawals. SpotMe on Chime Card won’t cover non-card transactions. SpotMe on Chime Card Terms and Conditions. 3 You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.
SoFi Disclaimer: Direct Deposit Promotion begins on 12/7/23 and will be available through 1/31/26.
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