5 Best Online Bank Accounts

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With modern technology, online banking is quickly becoming a better option than traditional brick and mortar banks. You get the best of both worlds – all the same security and federal regulations from a traditional bank with much more convenience and, often, better interest rates. If you’re tired of being nickel and dimed to death at your hometown bank, check out this list of the best online banking accounts and switch today!


1) Ally Bank 


  • Offers a wide range of services including checking, savings, auto loans, CDs, money markets, and more.
  • Comparatively high interest rates on checking and savings
  • 24/7 customer service – telephone or online chat
  • No maintenance fees
  • No minimum balance
  • $9 Overdraft Fees which can be avoided by linking to your Savings account
  • $0 ATM fees, plus unlimited reimbursements for other surcharges
  • Free Transfers
  • 1-3 Days for Fund Availability
  • Deposit checks on the go with Ally mobile app
  • Offers online Budgeting tools


2) Capital One 360 


  • Frequently offers account bonuses on new accounts
  • Full range of services
  • No Maintenance Fees
  • No Minimum Balance
  • Comparatively high interest rates on checking and savings
  • Overdraft coverage through a line of credit
  • 24/7 Telephone Customer Service
  • Free Transfers
  • 38,000 Free Allpoint ATMs nationwide – no reimbursement for other ATMs
  • Mobile Check Deposits with Checkmate
  • Use your card internationally with no foreign transaction fee
  • 2-3 Days for Fund Availability


3) Nationwide Bank


  • Offers bonuses on new accounts
  • Full range of services – checking, savings, CDs, auto loans, etc.
  • Best rates on CDs
  • Tiered interest rates on checking- you won’t earn interest unless your account is over 60K
  • Free access to all Allpoint, PNC Bank, Alliance One and MoneyPass ATMs plus up to 6 reimbursements monthly
  • $8 Monthly Fee unless you have direct deposit and use your debit card at least 8x a month
  • Deposit checks, pay bills, and much more on their mobile app
  • Free Transfers
  • Online Budgeting Tools
  • 1-2 Days for Fund Availability


4) Bank of Internet USA 


  • No Maintenance fees
  • No Overdraft fees – checks are denied if they come in and you don’t have overdraft protection.
  • No ATM fees (reimburses for any ATM)
  • $100 minimum to open account, but no minimum monthly fee
  • High Yield Savings Account
  • Link Savings account to cover overdrafts/insufficient funds
  • Wide range of services – only excludes credit cards and auto loans
  • Mobile Banking
  • Free Transfers
  • Online Budgeting Tools
  • 1-2 Days for Fund Availability


5) Bank5 Connect


  • Offers Checking, Savings, Money Markets, and CDs
  • No monthly maintenance fee
  • No ATM fees; Up to $15 reimbursed for other ATM surcharges
  • No overdraft fees with overdraft protection – $15 fee without overdraft protection
  • High Interest Checking and Savings – 0.76 APR on checking!
  • 24/7 Customer Service via Live Chat or Telephone
  • Only $10 needed to open checking or savings account
  • 1-3 Days for Fund Availability
  • Mobile Banking and Free Bill pay
  • Free Transfers
  • Free First Order of Basic Checks
  • Debit Card Rewards Program