BEST Checking Accounts in 2024!!

if you're getting slapped with fees from your checking account I've got a better option for you with this list of best checking accounts that I found this year and you're going to want to stick around to the end because I have my non-negotiables when it comes to opening up a new checking account okay so let's go ahead and get into this list of the best checking accounts that I found this year and we're going to be starting with the Discover checking account you can actually earn cash back by spending up to $3,000 in one month and you can get 1% cash back what I really like about this is that the checking account is and the debit card is acting like a credit card in which you get cash back so if you're really focused on getting away from credit cards but you still want to have the perks like a credit card with a cash back reward system the Discover checking account is really really smart and also with all of these checking accounts that I have on my list they don't have any fees and you can get paid early with direct deposit up to 2 days early when I was doing my research I was finding that a lot of them had that similar feature of getting paid early when you're doing direct deposit and especially the no fees so let's move on to the next one in this list which is chime you can open up chime chime is an online checking account so there is no physical branch location that you're going to be walking into but who's honestly doing that these days so you're going to get a fee free overdraft up to $200 with their spot me feature and then they have no monthly services or minimum balance fees and of course you get paid early with their paycheck direct deposit feature another feature that I liked about China is that you can withdraw cashes from ATMs that are in Walgreens 7-Eleven CVS and Circle K the next one is the experiened Smart money digital checking account you've heard my man Travis Kelsey talk about this a lot he's been doing a big campaign around this checking account because it's the debit card in which you can build your credit without debt is the whole thing that they're touting which I really do enjoy because if you're also working on a credit card free basis right now you can still work on building up your credit by putting transactions on this debit card inside of your checking account and then those transactions are going to be reported to the credit bureaus now not every credit bureau is the same Experian is one of those credit bureaus so this is something that you'll want to take a look at especially if you're interested in raising your credit score also they're currently promoting a $50 bonus when you set up direct deposit so I actually went down here to see how you could be eligible for that and you have to have a credit at least $11,000 in direct deposits within 45 days of opening your account now if you're a W2 worker and you're making at least $1,000 in take-home for your paycheck per month or you have multiple paychecks adding up to more than $1,000 this is going to be really easy for you to do so $50 free money you get to build your credit I feel like the experienced smart money checking account is one to take a look at the next one is with CIT bank with their e-checking account I've said this on my high yield savings account list because they also made made that list this is a bank that continues to catch my eye one that I have not personally banked with but one that I'm like I think everybody should look at I I feel like I want to look into this because you can open up your e-checking account with as little as $100 so there is a minimum requirement to open and then if you want to earn interest on your checking account you can earn. 1% on balances under 25k if you're a high income earner and you often keep High balances inside of your checking account then you can earn .25% don't think a lot of people are going to fall into that camp but it is what it is you also get a debit card you can transfer and make purchases with zel Apple pay bill pay Samsung pay there's no ATM fees a lot of similar features as to some of the other checking accounts that I've mentioned so I find that this is a No Frills thrill type checking account which is what you kind of want you don't want a lot of bells and whistles here and what I love about CIT bank is in 2022 American Banker named them the best best customer experience institution you really want to work with a bank that puts the customer first and you can see they actually have multiple Awards throughout the recent years so that's something to take a look at the next one is with Ally Bank now you know that I'm a big fan of allies high yield savings account they also have a checking account what I like about this checking account is they have spending buckets now if you're an Alli user on the savings side then you know all about their savings buckets where you can divvy up the money inside of your savings account into these different buckets and organize your savings similar to that with the checking account you're actually going to get that with their spending buckets so you can earmark things for groceries rent mortgage gas all of these different things that are going to help you re in that spending it's almost like there's a budgeting component a budget app component to this checking account which I've not seen with any other bank I think this is really really smart of Ally to capitalize on because so many banks with checkings and savings accounts are kind of taking that budgeting element out of the equation and Ally is really incorporating that here which is really smart also with their app you can do e Che deposits from your smartphone love that if you're still getting fiscal checks from time to time this is so easy you get a debit card FDIC insure all the good stuff and no fees which I absolutely love the next one is with Capital One this is their 360 checking account they also have a 360 online savings account that has a really high interest I've been using that one for over a year now it's basically the Toyota Corolla of high yield savings accounts and similar what you're going to get with a checking account it's just like nothing crazy on the dashboard on the inside everything's very easy to set up in fact when I was setting up my high yield savings account with them I don't have a checking account with them assuming this is going to be very very easy to do similar to my experience with the savings account is that you literally can do everything online so long as you have a driver's license your social security number everything ready to go to open up that account it's very easy to do 24/7 Mobile Banking 70,000 fee free ATMs no fees to open keep and use very easy love Capital One it's a big name you know their credit cards are very popular so this one is definitely worth checking out and lastly I want to give a shout out to Navy Federal Credit Union for my military members or military Affiliated now with their checking account it's interesting here because you actually have a couple of different options with their checking account so you can say like no I no longer serve or have never served I'm active duty Reserve retired so if you are let's say no you want direct deposit no account include direct deposit yes yes okay so I just went through their little questionnaire you can do this on their website where you can tell them whether or not your active duty or you've never served then they're going to point you to the right checking account they do have a flagship checking account in which you can earn interest you can get paid out dividends every single month if you have an ending balance of at least $1,500 every single day so again if you're somebody that constantly keeps a cushion in your checking account you're a high income earner and you have a lot of money in your checking account this could be a checking account that you take a look at because the interest that they're paying on the flagship checking is between. 35 and 45% you're not going to see that from any other big Banks or credit unions out there so I was really really uh surprised to see how much they were paying out on their checking accounts so in addition to the flagship checking you got the free active duty checking if you are active duty or retired military you do get a small interest rate payout but not a whole lot no monthly service fees or minimum balance balance requirements the free easy checking it has very similar features to that and this one does not require any active duty designation they also have one specifically for college students and then the free everyday checking this one's no I would skip that it I think the best one here out of this list is to look at the flagship checking because you're going to get that interest rate of 35 to 45% and then you also get the benefits of accessing a credit union Okay so if you made it this far in the video then I want to share my non-negotiables for when you are opening up a new checking account the first thing is you want no monthly maintenance fees I can't tell you how many times I've worked with my one-on-one coaching clients where their checking account their banks are charging them a fee for simply holding their money with that bank in a checking account it is absolutely ridiculous and I'm talking specifically about Bank of America and Wells Fargo will do this if you don't meet those minimum requirements thresholds and spoiler alert there are a ton of requirements that you have to meet in order to not be charged that monthly fee so be aware no monthly maintenance fees on your checking account also no minimum balance requirements if you are somebody who typically has like small cushion or you get razor thin close to the edge of having 0 in your checking account we definitely want you building up a buffer in that and we want to make sure that there are no minimum balance requirements inside of that checking account a mobile app and mobile deposits are like must have for me I want to be able to access my account on the go if I needed to change things especially if I'm traveling or something's happening and I need quick access to it a mobile app and mobile deposits is the best way to go also I want it to connect to external bank accounts I have high yield savings accounts with different banks online banks so I want to be sure that is connected to my primary checking account and I can quickly and easily move money back and forth it goes without saying but FDIC insured is a must ATM access or at least reimbursable ATM fees if they're using the allp point access ATMs those are everywhere you can find them in CVS 711s basically any kind of drugstore or gas station you want to make sure you have ATM access so you can withdraw cash at any time interest bearing is even better that's why I really liked what I saw on Navy Federal because they were interest bearing accounts did I miss a checking account that you think should be on this list comment below and let us know what you're using who you're using and why it's the best I would love to hear from you give this video a big thumbs up if you think it was helpful let me know what checking account you're using and I'll catch you in the next [Music] one