Top Checking Accounts to Consider in 2018
Discover the best checking accounts of 2018, featuring options from Discover, Capital One, Chase, Bank of America, and Santander. These accounts offer benefits like cashback, no fees, ATM access, and special features suited for students and everyday banking needs. This guide helps you compare key features to select the most suitable option for your financial management. Ideal for those seeking low-cost, high-value checking solutions with nationwide ATM access and additional perks, ensuring smooth and cost-effective banking experience.
Top Checking Accounts to Consider in 2018
Leading Checking Accounts of 2018
Having a reliable checking account is essential for managing your finances effectively. With numerous banks offering attractive deals, choosing the right one can be challenging. The best checking accounts feature low fees, free ATM access, and sometimes even earn interest. If you're unsure where to start, here’s a selection of the top-rated checking accounts in 2018.
Discover Bank
Discover is widely known for its credit card offerings, but it also provides excellent checking account options. Users can earn 1% cashback on up to $3,000 in purchases each month using their debit card. The account has no monthly service fees, free online bill pay, and no minimum balance requirements. With access to over 60,000 ATMs nationwide, there are no extra charges for using out-of-network machines. Discover’s account offers great value with minimal fees.
Capital One
The Capital One 360 checking account is favored for combining online convenience with physical branch access. With around 760 branches across New York, Louisiana, Washington D.C., and Texas, it offers extensive coverage. Key features include no monthly fees, no minimum balance, and free ATM usage. Its overdraft protection allows free transfers from savings or lines of credit. The APR is set at 11.50%, costing about 3 cents per $100 overdrafted.
Chase Bank
If a widespread branch and ATM network is your priority, Chase is an ideal choice. With over 5,100 branches and 16,000 ATMs nationwide, it is known for excellent customer service. New account holders can enjoy a $200 sign-up bonus, with an additional $150 for opening a savings account concurrently. The monthly fee is $12 but can be waived with a $1,500 minimum daily balance or $500 in direct deposits. Chase also offers interest on some accounts, like the Premier Plus checking.
Bank of America
In areas where Chase isn’t accessible, Bank of America provides reliable services with fraud protection, customized alerts, secure login, and mobile deposits, justifying a $12 monthly fee. Students opening accounts may have this fee waived. The bank features the Erica virtual assistant to help manage banking tasks online. Paper statements cost extra, but switching to paperless eliminates this fee. Printable statements are available online for free whenever needed.
Santander Bank
Santander Bank is notable for its Student Value Checking account, ideal for first-time account holders. It has no monthly maintenance fees and requires just $10 to open. The account supports free incoming wire transfers, including from abroad—beneficial for international students. Paper statement fees are avoided by opting for e-statements, and non-network ATM fees are only $2, making it affordable for students on a budget.
