In this article, I’ll talk about the Best Online Banks for Daily Use, focusing on top recommendations which do not require monthly maintenance fees, offer excellent interest rates, and have digital banking services.
These banks provide great benefits for easy access to daily banking whether you want a checking account with a wide-reaching ATM network, or a savings account with high APY. Let’s take a look at the best options out there.
Key Points & Best Online Banks For Daily Use List
| Bank | Key Features |
|---|---|
| Alliant Credit Union | High-yield savings, no monthly fees, large ATM network |
| Varo Bank | No overdraft fees, early direct deposit, high APY on savings |
| Capital One | No account fees, top-rated mobile app, extensive ATM access |
| Discover® Bank | No fees, cashback debit, high-yield savings |
| Laurel Road | Specializes in student loan refinancing, competitive savings rates |
| Ally Bank | No monthly fees, high-yield savings, excellent customer service |
| Goldman Sachs Bank USA (Marcus) | High-yield savings, no fees, trusted financial brand |
| UFB Direct | Ultra-high savings rates, no monthly fees, online-focused |
| Bread Savings | High-yield savings, competitive CD rates, no branch access |
9 Best Online Banks For Daily Use
1.Alliant
Alliant Credit Union is an excellent choice for daily banking needs, offering a robust mobile app that enables seamless money management, including mobile check deposits, fund transfers, and bill payments With access to over 80,000 fee-free
ATMs nationwide and up to $20 per month in ATM fee rebates for out-of-network usage, accessing cash is convenient.
Notably, Alliant has eliminated overdraft fees, enhancing its appeal for everyday banking. In 2024, Alliant’s mobile app was recognized as the “Best Overall FinTech Mobile App” by the FinTech Breakthrough Awards, reflecting its commitment to innovative digital banking solutions.
| Feature | Details |
|---|---|
| Account Type | High-Interest Checking & Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 80,000+ fee-free ATMs & $20/month ATM fee rebates |
| Mobile App | Supports mobile check deposit, bill pay, and Zelle® transfers |
| Overdraft Fees | No overdraft fees |
| Interest Rate | Competitive APY on checking and savings |
| Why It’s Special | High interest, low fees, extensive ATM network, strong mobile banking features |
2.Varo Bank
Varo Bank is a leading choice for daily banking, offering a fee-free online checking account with no minimum balance requirements. Customers benefit from early direct deposit, accessing paychecks up to two days sooner.
With access to over 40,000 fee-free U.S. ATMs, cash withdrawals are convenient and cost-effective. The Varo mobile app provides real-time spending insights, helping users manage finances efficiently.
Additionally, Varo offers a high-yield savings account with competitive APY rates, promoting effective money management.
| Feature | Details |
|---|---|
| Account Type | Online Checking & High-Yield Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 40,000+ fee-free Allpoint® ATMs |
| Mobile App | Supports early direct deposit, mobile check deposit, bill pay, and Zelle® transfers |
| Overdraft Fees | No overdraft fees (eligible for up to $50 fee-free overdraft) |
| Interest Rate | Up to 5.00% APY on savings (eligibility required) |
| Why It’s Special | No fees, early paycheck access, high savings APY, strong mobile features |
3.Capital One
Capital One 360 is a top choice for daily banking, offering a fee-free online checking account with no minimum balance requirements Customers benefit from early direct deposit, accessing paychecks up to two days sooner.
With access to over 70,000 fee-free ATMs nationwide, cash withdrawals are convenient and cost-effective. The Capital One mobile app provides real-time spending insights, helping users manage finances efficiently.
Additionally, Capital One offers a high-yield savings account with competitive APY rates, promoting effective money management.
| Feature | Details |
|---|---|
| Account Type | 360 Checking & 360 Performance Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 70,000+ fee-free ATMs (Capital One, MoneyPass®, Allpoint®) |
| Mobile App | Supports mobile check deposit, bill pay, and Zelle® transfers |
| Overdraft Options | No overdraft fees (multiple overdraft protection options) |
| Interest Rate | 360 Performance Savings: Competitive APY |
| Why It’s Special | No fees, extensive ATM network, flexible overdraft options, strong digital banking features |
4.Discover® Bank
Discover® Bank is a top choice for daily banking, offering a Cashback Debit checking account with 1% cash back on up to $3,000 in monthly debit card purchases.
The bank charges no fees on checking and savings accounts, including no monthly maintenance or insufficient funds fees. Customers have access to over 60,000 fee-free ATMs nationwide.
The Discover mobile app provides seamless account management, and the Online Savings Account offers competitive interest rates, earning more than five times the national average.In 2025, Discover’s Online Savings Account ranked highest in customer satisfaction among direct banks.
| Feature | Details |
|---|---|
| Account Type | Cashback Debit Checking & Online Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 60,000+ fee-free ATMs (Allpoint® & MoneyPass®) |
| Mobile App | Supports mobile check deposit, bill pay, and Zelle® transfers |
| Cashback Rewards | 1% cash back on up to $3,000 in debit card purchases per month |
| Overdraft Fees | No overdraft fees |
| Interest Rate | Competitive APY on Online Savings |
| Why It’s Special | Cashback rewards on debit, no fees, high savings APY, strong mobile banking features |
5.Laurel Road
Laurel Road offers digital banking solutions tailored for daily use, featuring checking accounts with no monthly maintenance fees or minimum balance requirements. Customers enjoy access to over 40,000 fee-free ATMs nationwide, facilitating convenient cash withdrawals.
The Laurel Road mobile app enables on-the-go account management, including mobile check deposits, bill payments, and money transfers via Zelle®. Additionally, the High-Yield Savings account offers a competitive 3.80% APY on all balances, enhancing savings growth.
| Feature | Details |
|---|---|
| Account Type | Laurel Road Checking & High-Yield Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 40,000+ fee-free ATMs nationwide |
| Mobile App | Supports mobile check deposit, bill pay, and Zelle® transfers |
| Overdraft Fees | No overdraft fees |
| Interest Rate | High-Yield Savings: Competitive APY (varies) |
| Special Benefits | Exclusive benefits for healthcare professionals, including student loan refinancing discounts |
| Why It’s Special | No fees, strong savings APY, specialized perks for medical professionals |
6.Ally Bank
Ally Bank is a premier choice for daily banking, offering a fee-free Interest Checking Account with no minimum balance requirements. Customers enjoy access to over 75,000 fee-free Allpoint® and MoneyPass® ATMs nationwide, with up to $10 in monthly rebates for out-of-network ATM fees The Ally Mobile app facilitates seamless account management, including mobile check deposits
Bill payments, and Zelle® transfers. Notably, Ally Bank has eliminated overdraft fees and introduced CoverDraft℠, providing up to $250 in fee-free overdraft coverage.
In 2024, Ally was recognized as the “Best Online Bank,” reflecting its commitment to innovative digital banking solutions.
| Feature | Details |
|---|---|
| Account Type | Interest Checking & Online Savings |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 75,000+ fee-free ATMs (Allpoint® & MoneyPass®) + $10/month out-of-network ATM rebates |
| Mobile App | Supports mobile check deposit, bill pay, and Zelle® transfers |
| Overdraft Protection | CoverDraft℠ offers up to $250 fee-free overdraft coverage |
| Interest Rate | Competitive APY on Savings & Interest Checking |
| Why It’s Special | No fees, extensive ATM access, strong mobile features, and fee-free overdraft protection |
7.Goldman Sachs Bank USA
Marcus by Goldman Sachs offers a high-yield Online Savings Account with a competitive 3.90% APY, no minimum balance requirements, and no monthly fees. However, it does not provide checking accounts or debit cards, limiting its functionality for daily transactional needs.
Additionally, Marcus lacks a proprietary ATM network, and customers must mail checks for deposit, as mobile check deposit is not available. While Marcus excels in savings products, individuals seeking comprehensive daily banking services, including checking accounts and ATM access, may need to consider alternative institutions.
| Feature | Details |
|---|---|
| Account Type | High-Yield Online Savings & CDs |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | No ATM access (no checking account available) |
| Mobile App | Supports savings transfers and account management |
| Overdraft Protection | Not applicable (no checking account) |
| Interest Rate | Competitive high-yield APY on savings and CDs |
| Why It’s Special | Strong savings APY, no fees, ideal for saving rather than daily transactions |
8.UFB Direct
UFB Direct is a notable online bank offering services suitable for daily use. Their Freedom Checking account features no monthly maintenance fees or minimum balance requirements, providing customers with a complimentary debit card and access to over 90,000 ATMs nationwide.
The UFB Direct mobile app, available for both Android and iOS devices, enables account management on the go, including mobile check deposits, bill payments, and peer-to-peer transfers.
| Feature | Details |
|---|---|
| Account Type | UFB Secure Savings & UFB Secure Checking |
| Monthly Fees | No monthly fees |
| Minimum Balance | No minimum balance required |
| ATM Access | 90,000+ fee-free ATMs nationwide |
| Mobile App | Supports mobile check deposit, bill pay, and account transfers |
| Overdraft Protection | Overdraft protection available |
| Interest Rate | High APY on Secure Savings & interest-bearing checking |
| Why It’s Special | High-yield savings, extensive ATM network, no monthly fees |
9.Bread Savings
Bread Savings is part of Bread Financial and purportedly offers high-yield savings products that appeal to customers looking to maximize their savings. To open a high yield savings account Bread Savings requires a minimum deposit of $100 and offers a competitive annual percentage yield (APY) that yields reasonable returns on deposits.
Bread Savings also provides Certificates of Deposit (CDs) for a period of 1-5 years with each term offering competitive APYs. Bread Savings does not offer checking accounts or debit cards; however, the company’s focus on high-yield savings accounts makes it an excellent choice for those looking to save money efficiently.
| Feature | Details |
|---|---|
| Account Type | High-Yield Savings & CDs |
| Monthly Fees | No monthly fees |
| Minimum Balance | $100 minimum opening deposit for savings |
| ATM Access | No ATM or debit card access (savings-focused bank) |
| Mobile App | Supports savings transfers and account management |
| Overdraft Protection | Not applicable (no checking account) |
| Interest Rate | Competitive high-yield APY on savings and CDs |
| Why It’s Special | Strong savings APY, no fees, ideal for growing savings rather than daily transactions |
Conclusion
To wrap it up, the most convenient online banks come with no fees, top-notch interest rates, and have the best features for digital banking. Banks such as Ally, Capital One, and Varo provide great checking accounts alongside robust mobile banking and ATM access.
For savings accounts, UFB Direct and Bread Savings have great APYs. Selecting the best suited bank comes down to how you plan to spend and save money.
