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But how does Quote States sustain its operations? Simply put, we receive compensation from our partners. This compensation might influence which products we decide to feature and discuss, as well as their positioning on our website. However, this commercial relationship does not sway our recommendations or advice, which are rooted in extensive research. Our partners are not able to buy their way into favorable reviews of their products or services on our platform. For transparency, here's a catalog of our partners.

Best Checking Accounts of June 2024

Updated: June 02, 2024, 11:53am

At Quote States, we’re proud to showcase a variety of products from our esteemed partners who provide us with compensation. This arrangement might shape our coverage regarding which products we discuss and the placement and presentation of these products on our site. Nevertheless, we maintain editorial integrity: our assessments and opinions remain unbiased and solely our own. For transparency, here’s a directory of our partners, along with an explanation of how we sustain our operations and generate revenue.

At Quote States, we believe managing your money should be as smooth and effortless as possible. That's why we've curated a selection of checking accounts designed for seamless access and use of your funds, wherever you are, whenever you need. The perfect checking account varies from person to person, shaped by individual habits and requirements. To assist you in navigating this choice, we present an assortment of the finest checking accounts available, each distinguished by its unique features and benefits.

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Best Checking Accounts From Our Partners

Axos Bank Rewards Checking

5.0

On Axos Bank's Website.

APY

Up to 3.30%

on balances up to $50,000

Minimum Deposit Requirement

$50

Monthly Maintenance Fee

$0

The Axos Rewards Checking account has interest tiers that allow an account holder to earn up to 3.30% APY total. Balances above $50,000 do not earn interest. These are the steps required to build the highest APY:

  • 0.40% APY: Receive monthly direct deposits totaling $1,500 or more. This must be met in order to be eligible to earn any interest during the statement cycle.
  • 0.30% APY: Sign up for Personal Finance Manager (PFM) “Account Aggregation” in Online Banking or use your Axos debit card for a total of 10 transactions per month (minimum $3 per transaction).
  • 1.00% APY: Maintain an average daily balance of $2,500 per month in an Axos Invest Managed Portfolios Account.
  • 1.00% APY: Maintain an average daily balance of $2,500 per month in an Axos Invest Self Directed Trading Account.
  • 0.60% APY: Use your Rewards Checking account to make your full monthly Axos consumer loan payment. Mortgage, personal and auto loans are eligible.

PenFed Credit Union Access America Checking

5.0

On PenFed Credit Union's Website.

APY

0.15% to 0.35%

0.35% on balances of $20,000

and up to $50,000

Minimum Deposit Requirement

25%

Monthly Maintenance Fee

10%

waivable with monthly direct deposits of $500

or more or daily balance of $500 or more

We picked PenFed Credit Union Access America Checking because of its 85,000+ fee-free ATM network of Allpoint and Co-op ATMs throughout the nation. Many of these ATMs are located in popular retailers like Target, CVS Pharmacy, Safeway, Kroger, Circle K and more. PenFed doesn’t charge out-of-network ATM fees either, although the ATM operator may charge a fee.

PenFed Credit Union Access America Checking offers an easy-to-meet tiered dividend rate. You’ll earn 0.15% APY when you maintain a monthly recurring direct deposit of $500 or more and maintain a daily balance of up to $19,999.99 and 0.35% APY on daily balances between $20,000 and $50,000.

Also, account holders can get access to direct deposits from their employer up to one day early. And there’s no charge for the first box of 50 checks.

Discover® Cashback Debit Checking

4.8

On Discover's Website

APY

N/A

Earn 1% cash back on up to $3,000 in debit card

purchases each month. See website for details.

Minimum Deposit Requirement

0%

Monthly Maintenance Fee

$0

Some types of withdrawals and transactions are not eligible for cash-back rewards, including ATM transactions, money order purchases and peer-to-peer payments. There’s a $30 service charge per outgoing wire transfer from your account.

EverBank Yield Pledge Checking

4.7

On EverBank's Website

APY

0.45%

Minimum Deposit Requirement

$100

Monthly Maintenance Fee

$0

Fees applicable to the Yield Pledge Checking account include: stop payment ($25), official check ($10), outgoing domestic wire transfer ($25), outgoing international wire transfer ($30 to $65, depending on whether in U.S. dollars or requiring foreign currency, with or without currency exchange).

Interest on this account is compounded daily and credited monthly.

nbkc bank Everything Account

4.7

On nbkc bank's Website

APY

1.75%

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Interest is compounded daily and credited monthly.

 

Quontic Bank High Interest Checking

4.6

On Quontic Bank's Website

APY

1.10% APY

on all balances

Minimum Deposit Requirement

$100

Monthly Maintenance Fee

$0

Interest is compounded daily and credited monthly. In order to meet the requirements to earn interest, customers must have a daily balance less than or equal to $1 million and make at least 10 qualifying debit card point of sale transactions of $10 or more, per statement cycle.

If the minimum qualifying activity requirements are met, then you’ll receive the up to 1.10% on all balances. If the minimum qualifying activity is not met, then 0.01% APY applies to all balances. Quontic may change the tiers that apply to this account at any time without notice.

Quontic does assess fees for some High Interest Checking activities, including: return deposited item ($10), stop payment ($20), account research ($20 per hour) and account reconciliation ($30 per hour). Quontic charges no fee for incoming wire transfers; however, correspondent bank fees apply. Outgoing wire transfers are assessed a fee of $20 domestic and $30 foreign, plus any fees from correspondent banks.

Citibank Access Account Package

4.5

On Citibank's Website

APY

N/A

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

N/A

The charge for using a non-Citibank ATM is $2.50 per withdrawal.

Varo Bank Account

4.4

On Varo Bank's Website

APY

N/A

Minimum Deposit Requirement

$0

Monthly Maintenance Fee

$0

Varo doesn’t charge for depositing cash with the Green Dot Reload program, but a $5.95 service fee applies.

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