• Only-online checking account
• No monthly fees, overdraft fees, minimum balance or spending requirements
• Unlimited rebates of non-network ATM fees
• No cash deposits accepted

Schwab Bank High Yield Investor Checking is a great option for investors looking to combine multiple accounts into one platform. The checking account requires a linked Schwab One brokerage account, which costs nothing and has no balance requirements. Schwab’s checking account allows scheduling automatic transfers to your brokerage account, a simple way for new investors to put extra money to work. It supports Zelle for personal payments and doesn’t charge anything for foreign transactions -- a great bonus for travelers using international ATMs.

Monthly fee: None

Out-of-network ATM fees: None

Out-of-network ATM reimbursements: Unlimited

In-network ATMs: Visa/Visa Plus Alliance

Direct deposit funds available early: No

Mobile check deposit: Yes

Cash deposits: No

• No monthly fees or minimum balance requirements
• $1,500 in monthly direct deposits required to qualify for 0.40% APY
• A minimum of 10 debit card purchases per month required to qualify for 0.30% APY
• A personal loan and investment accounts required to earn the highest APY
• Accepts cash deposits through ATMs

You can earn up to 3.30% APY with Axos Bank’s Rewards Checking account. However, to earn the highest APY, you must meet certain requirements. You’ll earn:

• 0.40% for direct deposits totaling $1,500 or more
• 0.30% for debit card spending
• 0.99% for having at least $2,500 in an Axos Managed Portfolios Account
• 0.99% for having at least $2,500 in an Axos Invest Self Directed Trading Account
• 0.60% for making payments on a loan with your checking account (see here for more details)

Meet all of these requirements and you’ll earn the full 3.30%. Meet some and you’ll earn the total combined APY for those requirements.

Axos provides unlimited reimbursements on non-network ATM fees, which is a plus. This account doesn’t charge monthly maintenance fees or overdraft fees, and there are no minimum monthly balance requirements.

You can earn a welcome bonus of up to $500 in the first six months when you open a new Rewards Checking account using the RC500 promo code and have at least $1,500 in qualifying direct deposits each statement cycle. You’ll also have to maintain an average daily balance of at least $3,000 for the first six months the account is open to qualify. You must submit an application for an Axos Bank Rewards Checking account by August 31, 2024.

Monthly fee: None

Overdraft fee: None

Out-of-network ATM fees: None

Out-of-network ATM reimbursements: Unlimited

In-network ATMs: 91,000 (MoneyPass)

Direct deposit funds available early: Yes

Mobile check deposit: Yes; $10,000 daily limit; $50,000 monthly limit

Cash deposits: Yes; MoneyPass ATMs and Green Dot Network

• Primarily an online bank, with branches in Kansas City, Missouri
• No minimum balance requirements or monthly fees
• Up to $12 in non-network ATM fee reimbursements per month
• Goal setting and tracking features

NBKC is primarily an online bank with branches limited to the Kansas City area. Its interest-bearing Everything checking account earns 1.75% APY, and there’s no minimum balance required to open an account. This account has no overdraft or insufficient funds fees, monthly maintenance fees, non-network ATM fees or foreign transaction fees.

You’ll have access to a network of over 37,000 ATMs with MoneyPass. NBKC will reimburse you up to $12 a month in fees for out-of-network ATMs.

Monthly fee: None

Overdraft fee: None

Out-of-network ATM fees: None

Out-of-network ATM reimbursements: $12 per month

In-network ATMs: 37,000 (MoneyPass)

Direct deposit funds available early: Yes

Mobile check deposit: Yes

Cash deposits: MoneyPass ATMs

• No minimum balance requirements, overdraft, monthly or non-network ATM fees
• Online-only bank with three checking account options
• 10 debit card transactions of at least $10 per month are required to earn the highest APY
• Contactless wearable payment ring available for all checking accounts

Quontic’s high interest checking offers the highest APY of its three checking account options: You can earn up to 1.10% APY on balances when you complete 10 debit card transactions of $10 or more during a monthly statement cycle. If you can’t make 10 qualifying transactions during the month, the APY drops to 0.01%. This checking account supports Zelle for personal payments and offers mobile check deposits via iOS or Android.

With Quontic’s wearable payment ring, you can access the money in your checking account without carrying around your debit card. Pay Ring transactions count toward the monthly total needed to earn the highest APY and are secured with a four-digit PIN. The Pay Ring is accepted anywhere contactless payments are accepted.

Monthly fee: None

Overdraft fee: None

Out-of-network ATM fees: None

Out-of-network ATM reimbursements: No

In-network ATMs: 90,000 (Allpoint)

Direct deposit funds available early: No

Mobile check deposit: Yes

Cash deposits: No

• No monthly fees, minimum balance requirements or overdraft fees
• New-account bonus of $50 or $300 depending on direct deposit amount
• Extended deposit insurance up to $2 million
• 55,000 surcharge-free ATMs

SoFi’s checking account automatically comes with a savings account, so you can’t open one without the other. You’ll earn 0.50% APY on your checking account balance and up to 4.60% APY on your savings balance with qualifying direct deposits.

SoFi’s checking account doesn’t charge a monthly maintenance fee or require a minimum deposit. However, SoFi is an online-only bank, so you’ll need to be comfortable managing your account online.

You can earn a new account bonus of $50 or $300 when you set up a monthly direct deposit into your account. Deposits of $1,000 to $4,999.99 earn $50, and deposits of $5,000 or more earn $300. The promotion is valid through December 31, 2024. You can also receive your paycheck up to two days early when you set up direct deposit.

You can receive up to 15% cash back at local merchants when you pay with your SoFi debit card. Roundups on debit card purchases can help you automatically grow your savings. The account also offers no-fee overdraft protection when you set up qualifying direct deposits.

Monthly fee: None

Out-of-network ATM reimbursements: No

In-network ATMs: 55,000 (Allpoint)

Direct deposit funds available early: Yes

Mobile check deposit: Yes

Cash deposits: Yes ($4.95 fee)

• Online-only checking account
• No monthly fees or minimum balance requirements
• No overdraft charges on accounts overdrawn up to $20
• $300 new account bonus with direct deposit of $2,500 or more
• $20 monthly cash reward with qualifying direct deposit for first 12 months
• Doesn’t accept cash deposits at ATMs

Laurel Road is an online-only subsidiary of KeyBank that rewards you for maintaining a checking account. It offers three accounts: Loyalty Checking, Freedom Plus Checking and Linked Checking. 

Loyalty Checking rewards your account with a $20 monthly payment in the first 12 months if you have a direct deposit of $2,500 or more per statement cycle. Beyond the first year, you’ll continue to earn $10 per month. Linked Checking provides rate discounts on any student loans refinanced through Laurel Road.

The Loyalty Checking account offers a $300 new-account bonus if you make at least $2,500 in direct deposits in the first 60 days. There’s no minimum deposit to open either account and no monthly fees. The 0.01% APY is paltry, but it’s better than nothing. This offer expires August 30, 2024.

And with both accounts, you’ll have access to more than 40,000 fee-free ATMs through the KeyBank or Allpoint Networks.

Monthly fee: $0

Overdraft fee: $20 on overdrafts over $20

Requirements to avoid monthly fee: None

Out-of-network ATM fees: $3 per domestic out-of-network transaction, $5 per international out-of-network transaction

Out-of-network ATM reimbursements: None

In-network ATMs: 40,000

Direct deposit funds available early: No

Mobile check deposit: Yes

Cash deposits: No