Online Banks of 2024 Top Online Banks of 2024
Here is a table listing the best online banks in 2024, their ratings, products offered, fees, ATM networks, and an overall review.
| Company | Rating | Products | Fees | ATM Network | Review |
|---|---|---|---|---|---|
| Ally Bank | 9.5/10 | Checking, Savings, CDs, Money Market, Loans | No maintenance fees, low overdraft | Allpoint (43,000+ ATMs) | High interest rates on savings, excellent customer service, no monthly fees |
| Chime | 9/10 | Checking, Savings, Credit Builder Card | No monthly fees | Visa Plus Alliance (60,000+ ATMs) | Great for fee-free checking, automatic savings features, easy-to-use app |
| Discover Bank | 9/10 | Checking, Savings, CDs, Money Market | No monthly fees | 60,000+ fee-free ATMs | Reward checking accounts, no fees on most services, strong mobile app |
| Varo Bank | 8.5/10 | Checking, Savings, Varo Believe Credit Card | No monthly fees, no overdraft fees | Allpoint (55,000+ ATMs) | Great for credit building, high APY on savings, limited product range |
| SoFi | 9/10 | Checking, Savings, Loans, Investments | No maintenance fees | 55,000+ fee-free ATMs (Allpoint) | Excellent interest rates, free financial planning, no hidden fees |
| Marcus by Goldman Sachs | 9.2/10 | Savings, CDs, Personal Loans | No monthly fees | No physical ATM network | Best for high-yield savings and CDs, lacks checking accounts or ATM access |
| Axos Bank | 8.8/10 | Checking, Savings, Loans, Mortgages | No monthly fees on most accounts | Nationwide (91,000+ ATMs) | Strong for business banking, wide range of products, competitive rates |
| Capital One 360 | 9.1/10 | Checking, Savings, CDs, Money Market, Loans | No maintenance fees | 70,000+ fee-free ATMs (Allpoint) | Great mobile experience, competitive APY on savings, strong customer support |
| Aspiration | 8.7/10 | Checking, Savings, Investment accounts | No monthly fees (with free plan) | 55,000+ fee-free ATMs (Allpoint) | Eco-friendly banking, good for socially conscious users, fee-free options |
| Current | 8.6/10 | Checking, Savings (through premium plans) | No fees for basic accounts | 55,000+ fee-free ATMs (Allpoint) | Excellent for budgeting tools, rewards on checking, no overdraft fees |
Company Overview
1. Ally Bank
- Rating: 9.5/10
- Products: Checking, Savings, CDs, Money Market, Personal Loans
- Fees: No maintenance fees, low overdraft fees
- ATM Network: Access to 43,000+ Allpoint ATMs with no fee
- Review: Ally Bank is widely recognized for its customer-friendly policies, including no monthly maintenance fees and consistently high interest rates on savings accounts and CDs. It provides an excellent mobile banking experience, making it a top choice for many in 2024.
2. Chime
- Rating: 9/10
- Products: Checking, Savings, Credit Builder Credit Card
- Fees: No monthly fees, no overdraft fees with overdraft protection (SpotMe)
- ATM Network: 60,000+ Visa Plus Alliance ATMs
- Review: Chime is a great option for fee-conscious consumers, offering a straightforward checking and savings account with no hidden fees. Its Credit Builder feature helps users build credit while avoiding traditional credit card traps.
3. Discover Bank
- Rating: 9/10
- Products: Checking, Savings, CDs, Money Market
- Fees: No monthly fees, no fee for incoming wire transfers
- ATM Network: 60,000+ fee-free ATMs
- Review: Discover offers a rare combination of no fees on checking and savings accounts, along with rewards for debit card purchases. It’s well-rated for its excellent customer support and strong mobile app features.
4. Varo Bank
- Rating: 8.5/10
- Products: Checking, Savings, Varo Believe Credit Card
- Fees: No monthly fees, no overdraft fees
- ATM Network: 55,000+ fee-free Allpoint ATMs
- Review: Varo is great for those looking to build or repair their credit. It also offers one of the highest APYs for savings accounts if certain conditions are met, but its product range is more limited compared to other banks.
5. SoFi
- Rating: 9/10
- Products: Checking, Savings, Personal Loans, Investments
- Fees: No maintenance fees
- ATM Network: 55,000+ fee-free Allpoint ATMs
- Review: SoFi stands out for its range of products and no-fee structure. It’s perfect for users who want to consolidate banking, loans, and investments under one roof, while also receiving financial planning assistance.
6. Marcus by Goldman Sachs
- Rating: 9.2/10
- Products: High-Yield Savings, CDs, Personal Loans
- Fees: No monthly fees
- ATM Network: No ATM access
- Review: Best for high-yield savings and CDs, Marcus offers some of the highest rates in the industry. However, it lacks the convenience of a checking account or ATM access, making it more suited for savers rather than those who need frequent cash withdrawals.
7. Axos Bank
- Rating: 8.8/10
- Products: Checking, Savings, Business Accounts, Mortgages, Personal Loans
- Fees: No maintenance fees on most accounts
- ATM Network: 91,000+ fee-free ATMs (with unlimited ATM fee reimbursement for higher-tier accounts)
- Review: Axos is known for its comprehensive product range, especially for business banking and mortgages. It has competitive interest rates and is highly rated for its business services.
8. Capital One 360
- Rating: 9.1/10
- Products: Checking, Savings, CDs, Money Market, Personal Loans
- Fees: No maintenance fees
- ATM Network: 70,000+ fee-free ATMs (Allpoint)
- Review: Capital One 360 is excellent for people looking for a digital bank with strong customer support, a top-rated mobile app, and competitive interest rates. It offers flexibility and robust features like automatic savings tools.
9. Aspiration
- Rating: 8.7/10
- Products: Checking, Savings, Sustainable Investment Accounts
- Fees: No monthly fees (with free plan), Aspiration Plus costs $7.99/month
- ATM Network: 55,000+ fee-free ATMs (Allpoint)
- Review: Aspiration is an eco-conscious online bank aimed at socially responsible customers. It offers sustainable investment options and promises to never fund fossil fuels, making it a unique choice in the online banking world.
10. Current
- Rating: 8.6/10
- Products: Checking, Premium Savings (via subscription)
- Fees: Free for basic accounts, premium account has fees
- ATM Network: 55,000+ fee-free ATMs (Allpoint)
- Review: Current excels at budgeting tools and cash rewards on debit card purchases. Its fee-free basic accounts are perfect for younger users, while the premium plan offers more advanced features, including high-yield savings.
Conclusion
In 2024, online banking continues to provide a range of convenient and affordable options for consumers. The banks listed above offer competitive rates, minimal fees, and robust mobile platforms, making them ideal for tech-savvy individuals looking for flexibility and cost savings. Whether you’re focused on earning high interest on savings or finding a bank that aligns with your values, there’s an online bank to meet your needs.
When choosing an online bank, it’s essential to consider your financial habits, such as how often you need ATM access, whether you prefer fee-free accounts, and how you prioritize interest rates on savings. With the right choice, online banking can be a seamless, cost-effective way
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