• Banking
  • Best Banks to Open a Checking Account

Best Banks to Open a Checking Account

Written by Qanaria Team
Updated January 30, 2023

Privacy Secured | Advertising Disclosures
Read 802 times

Are you looking for a bank that offers a wide range of account options, including no-fee accounts, as well as features that matter most to you? Then take a look

When it comes to managing your finances, having a checking account is essential. It allows you to deposit and withdraw money, write checks, and make electronic payments, all while keeping track of your transactions through account statements. With so many options available, it can be overwhelming to choose the best bank to open a checking account. In this article, we will provide a detailed and step by step guide on the best banks to open a checking account in the USA, including their features, fees, and customer service.

Determine Your Needs

Before choosing a bank, it’s important to consider your financial needs and goals. Some questions to ask yourself include:

  • How often do you need to visit a physical bank branch?
  • Do you need a bank with a large ATM network?
  • Do you need a bank with a high interest rate on your checking account balance?
  • Do you need a bank with a variety of account options, such as a joint account or student account?

Compare Fees

One of the most important factors to consider when choosing a bank is the fees. Some banks charge fees for services such as ATM usage, account maintenance, and overdraft protection. Be sure to compare fees between different banks to ensure that you are getting the best deal.

Consider the Interest Rate

If you plan on keeping a significant balance in your checking account, you may want to consider a bank that offers a high interest rate. While the interest rate on checking accounts is typically lower than that of savings accounts, it can still make a difference over time.

Look for Perks and Features

In addition to the basics, some banks offer additional perks and features that can make managing your finances easier and more convenient. These may include:

  • Mobile banking apps
  • Bill pay services
  • Automatic savings plans
  • Credit card rewards programs

Read Reviews and Compare Customer Service

It’s important to choose a bank that has good customer service, as you may need to contact them for assistance with account issues or questions. Read reviews and ask friends and family about their experiences with different banks to get a sense of the customer service.

Open an Account

Once you have chosen the best bank for your needs, it’s time to open an account. The process typically involves filling out an application, providing identification and proof of address, and making an initial deposit. Some banks may require a minimum deposit to open an account, so be sure to check this before applying.

Best Banks to Open a Checking Account in the USA:

1) Wells Fargo

Wells Fargo is one of the largest banks in the USA, with branches and ATMs located nationwide. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.01% APY. Wells Fargo also has a variety of features, including mobile banking, bill pay, and automatic savings plans.

2) Bank of America

Bank of America is another large national bank with a wide range of checking account options. It offers a basic checking account with no monthly fees, as well as a high-yield checking account with a rate of 0.03% APY. Bank of America also has a large ATM network and a variety of features, including mobile banking and bill pay.

3) Citibank

Citibank is a global bank with branches and ATMs located throughout the USA. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.01% APY. Citibank also has a variety of features, including mobile banking and bill pay.

4) US Bank

US Bank is a national bank with branches and ATMs located throughout the country. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.01% APY. US Bank also has a variety of features, including mobile banking and bill pay.

5) Chase

Chase is a large national bank with branches and ATMs located throughout the USA. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.01% APY. Chase also has a variety of features, including mobile banking and bill pay.

6) PNC Bank

PNC Bank is a national bank with branches and ATMs located throughout the USA. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.01% APY. PNC Bank also has a variety of features, including mobile banking and bill pay.

7) TD Bank

TD Bank is a national bank with branches and ATMs located throughout the USA. It offers a range of checking account options, including a basic checking account with no monthly fees and a high-yield checking account with a rate of 0.05% APY. TD Bank also has a variety of features, including mobile banking and bill pay.

Summary

Choosing the best bank to open a checking account can be a challenging task, but by considering your needs and comparing fees, interest rates, perks, and customer service, you can find the perfect fit. The banks listed above are among the top options for checking accounts in the USA, offering a range of features and competitive rates. Be sure to click on the offers below to learn more about the best banks to open a checking account in the USA and find the one that works best for you.


You may also be interested in


Sign up for Newsletter to take advantage of campaigns and opportunities.

Join Now
Thank you. You are registered to the list. You are already registered on the list.

Advertising Disclosures

We believe everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.

So how do we make money? Our partners compensate us. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services. Here is a list of our partners.