The 10 Best Checking Accounts for July 2024

Higher interest rates, low fees and lots of free ATM access are some of the features we look for in the best checking accounts.
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Do you remember why you chose your current checking account?

If you got started early, your parents might have helped you open a kids’ checking or savings account at their bank’s branch. Or maybe you went with the credit union down the street from your work after getting your first W2 job.

Whatever the reason, location likely played a big part. Thankfully, you’re no longer confined to a financial institution for a checking account because of its proximity to you — or a brick-and-mortar site altogether, for that matter.

From higher interest rates to better benefits, it pays to expand your search beyond your local bank or credit union these days. Here’s how to choose the right checking account for you.

10 Best Checking Accounts for July 2024


Is it Time to Change Checking Accounts?

Account APY ATM Access Fees

Discover Checking

None

60K+ fee-free ATMs

No monthly fees

PSECU Credit Union

0.20%

70,000 surcharge-free ATMs

None

SoFi Checking

Up to 0.50%

55,000+ Allpoint ATMs

None

U.S. Bank Smartly Checking

None

4K+ Fee-Free ATMs

None

Axos Bank Essential Checking

None

Fee reimbursements

None

Chase Total Checking

None

15,000 ATMs

Yes, but may be waived

Chime Checking Account

None

60K+ fee-free ATMs

No monthly fees

Ally Interest Checking

Up to 0.25%

55,000+ Allpoint ATMs

None

Varo Bank Account

None

55,000+ Allpoint ATMs

Out-of-network ATM

Consumers Credit Union Free Rewards

3%

Over 30,000 ATMs

Overdraft fees

Discover Checking

Best Cash-Back Debit Card

4.5 out of 5 Overall

Key Features
  • Virtually no fees
  • No min. balance
  • Access to 60,000+ no-fee ATMs
Discover Bank is an online bank offering banking products that will cover most of your personal finance needs.
Discover Checking Account

Fees
No
APY
None
ATM access
60,000+ no-fee ATMs
Promotions
None
Prime perk
1% cash back

More Information about Discover Checking

The Discover Cashback Debit’s claim to fame is that you can earn cash back without having to meet any complicated requirements. It’s simple. There is no minimum opening deposit, no balance or activities requirements, and no monthly maintenance fee–making it easy to get started.

You also won’t get pinged with any additional fees. There are no fees for online bill pay and no overdraft charges.

To opt for overdraft protection, simply link your account to another account, and Discover Bank will pull money from that account to cover the overdraft with no transaction fee. If you don’t opt for the protection, the bank will decline any transaction that will put your account into the red. We really like that this protection is offered for free.

Like most online banks, you won't be able to deposit cash through the ATMs, but Discover does offer access to Zelle, a mobile application that allows for bank-to-bank transfers of money, so it’s easy to get your money where it needs to go.

Finally, while you won’t earn interest on the money in your account, you’ll get 1% cash back on all of your debit transactions — up to $3,000 per month. That’s potentially an extra $30 coming your way each month.

For a full run down of fees and services, check out our complete Discover Bank review.

PSECU

Best Credit Union

4 out of 5 Overall

Key Features
  • No minimum balance
  • Access to 70,000 surcharge-free ATMs
  • No fees
PSECU is a full-service, digital-first credit union that is a member-owned not-for-profit.
PSECU Checking Account

Fees
No monthly fees
APY
0.20% APY on checking account balance
ATM access
70,000 surcharge-free ATMs
Promotions
Yes
Prime Perk
Member-owned credit union

More Information about PSECU Checking

Here’s the deal: If you’re not banking with a credit union called PSECU, you’re missing out on extra cash. And who doesn’t want extra cash right now?

PSECU will give you $300 after just a few months of keeping your money there* That’s $300 just for banking normally.

Opening a checking account is free, and there’s no minimum deposit or fees. Plus, there are more than 70,000 surcharge-free ATMs and rebates for non-network ATMs. You’ll also get no-fee overdraft protection if you have a backup source of funds.

Credit unions sometimes have waitlists, but PSECU doesn’t right now. Apply to join PSECU here and start earning your $300 in free cash (offer ends Dec. 31, 2024 ).

**Your first $200 is available when you sign up with promo code RightNote and set up a direct deposit of at least $500 monthly. You'll get another $100 if you maintain the minimum direct deposit amount for three months in a row. 

SoFi Checking Account

Best High-Interest Checking

4 out of 5 Overall

Key Features
  • Up to 0.50% APY on checking
  • No fees
  • Access to 55,000+ Allpoint ATMs
With SoFi Checking and Savings (member FDIC), you stand to gain up to a hefty 4.60% APY on savings when you set up a direct deposit or have $5,000 or more in Qualifying Deposits and up to 0.50% APY on checking balances. There are no account fees, no monthly fees and no overdraft fees.* And your money is FDIC insured (up to $2M of additional FDIC insurance through the SoFi Insured Deposit Program).

SoFi Checking Account

Fees
None
APY
Up to 0.50% APY on checking
ATM access
55,000+ Allpoint ATMs
Promotions
Yes
Prime Perk
Earn interest on your checking account balance

More Information About SoFi Checking Account

SoFi Checking and Savings (member FDIC) has one of the most competitive annual percentage yields (APY) we’ve found for a checking account. You can earn up to a hefty 4.60% APY on savings balances if you set up direct deposit and up to a 0.50% APY on checking balances  — that’s 10 times more than the national average.*

You can easily deposit checks via your phone’s camera, transfer funds and get customer service via chat or call. And there are no account fees, no monthly fees and no overdraft fees.* And your money is FDIC insured (up to $2M through the SoFi Insured Deposit Program).

Ready to grow your money faster? It’s quick and easy to open an account with SoFi Checking and Savings (member FDIC). Right now, you can even earn up to a $300 welcome bonus with qualifying direct deposits (terms apply).*

*See full terms and disclosures in our fine print section and at sofi.com/banking. 

 

 

U.S. Bank Smartly® Checking

Best for Simple, Fee-Free Banking

4 out of 5 Overall

Key Features
  • Online and mobile banking
  • Overdraft protection
  • Smart Rewards®
U.S. Bank offers a blend of in-person and digital banking options from checking accounts and voice banking to card readers and corporate bonds.
U.S. Bank Smartly®

Fees
None
APY
None
ATM access
Over 4,000 across the U.S.
Promotions
None
Prime perk
Overdraft protection

More Information About U.S. Bank Smartly® Checking

Get started with a U.S. Bank Smartly® Checking account with an initial deposit of $25. Experience the safety FDIC-insured banking and enjoy the award-winning mobile app, Smart Assistant®.

Axos Bank Essential Checking

Best for Online Customers

4.5 out of 5 Overall

Key Features
  • Requires balance of only $1
  • Unlimited ATM-fee reimbursement in the U.S.
Axos’ Essential Checking account comes with no monthly, annual or overdraft fees. An Axos representative told TPH all its checking accounts require a $100 minimum opening deposit — but, after that, you only need a minimum balance of $1. While this account isn’t interest-bearing, if you’d like to upgrade your checking experience, Axos offers up to 3.30% APY (annual percentage yield) with its Rewards Checking account.
Axos Bank Essential Checking Account

Fees
None
APY
None
ATM access
Unlimited domestic ATM reimbursements
Promotions
Yes
Prime perk
Online bankers valued

More Information about Axos Bank Essential Checking

Axos offers a lot if you’re in the market for an online-only checking account. (Plus a $300 welcome bonus for rewards checking customers.) On top of no fees, Axos will also reimburse you by the end of the next business day for unlimited ATM fees within the U.S.

Regarding spending abroad — per a rep via live chat, you’ll pay a 1% service transaction charge on purchases made in other countries. So, even though this online bank account is flexible, it isn’t ideal for international travelers.

For a full run down of fees and services, check out our complete review.

Chase Total Checking Account

Best for Promotional Offers

3.5 out of 5 Overall

Key Features
  • A hefty sign-on bonus for new customers
  • Offers online, mobile and text banking
  • Lots of branch locations in the U.S.
Chase Bank is a well-known entity in the financial world, and we had to include its Total Checking Account on our list. The account comes with a $12 monthly service fee, but it’ll be waived if you have monthly direct deposits of at least $500. If you don’t have direct deposit, you can also have the fee waived with a minimum daily balance of $1,500 (or $5,000 across multiple Chase accounts).
Chase Total Checking Account

Fees
Yes, but may be waived
APY
None
ATM access
15,000 ATMs
Promotions
Yes
Prime perk
Branches in 33 states to avoid fees

More Information About Chase Total Checking

This Chase account has other fees. For example, you can use a Chase ATM for free, but you’ll pay a $3 fee for non-Chase ATMs in the U.S., Puerto Rico, and the U.S. Virgin Islands and $5 outside of those locations — so, this account isn’t the best for frequent international travelers. Thankfully, the bank has branches and 15,000 fee-free ATMs* in 33 states around the U.S., so you can avoid the fees if you’ve got one nearby (see Terms).

Bonus (literally): You can get $300 when you open a new checking account. Compared with similar offers, getting it is pretty simple: Open a new Chase Total Checking account* with $0 and make direct deposits totaling $500 or more within 90 days of opening. This offer expires on 10/16/2024. Keep your account open for at least six months, or you’ll lose the bonus at closing.

For a full rundown of fees and services, check out our complete Chase Bank review.

Chime® Checking Account

Best for Digital Features

4 out of 5 Overall

Key Features
  • No monthly maintenance fees
  • Free access to in-network ATMs
  • A “Pay Friends” feature to give money to friends
Chime is an online checking account that truly embraces the digital banking space — consider that its app has over 700,000 reviews and a 4.8 rating on the App Store. The company’s tagline is “banking that has your back” and it aims to do that through its Early Payday function (where you get access to direct deposit funds up to two days early*), fee-free overdraft protection services and more.
Chime Checking Account

Fees
No monthly fees
APY
None
ATM access
60K+ fee-free ATMs*
Promotions
None
Prime perk
“Pay friends” feature*

More Information About Chime Checking Account

Chime doesn’t charge overdraft fees or for overdraft protection, a monthly maintenance fee, foreign transaction fees or minimum balance fees. You can also open an easy-to-access connected savings account — it allows you to automate your savings with features like the round-up tool, which will round up your transactions to the nearest dollar and dump the change into savings. Bonus: Chime has a “Pay Friends” feature, so you don’t have to mess with cash, math or other apps to split the bill.

For a full run down of fees and services, check out our complete Chime Bank review.

Ally Interest Checking Account

Best for No Fee Perks

4 out of 5 Overall

Key Features
  • Use any Allpoint ATM in the U.S. free of charge
  • No overdraft fees
  • Up to 0.25% APY
With Ally’s online Interest Checking account, you can take advantage of no minimum required deposit and use any Allpoint ATMs in the U.S. for free. Plus, Ally will reimburse you up to $10 per statement cycle for other ATM fees within the U.S. More good news: Ally permanently suspended overdraft fees for checking accounts and all others.
Ally Interest Checking Account

Fees
None
APY
Up to 0.25%
ATM access
More than 55,000 Allpoint ATMs
Promotions
None
Prime perk
Account accessible online or through app

More Information About Ally Interest Checking

With a daily balance of $15,000 or more, this checking account yields 0.25% interest. Below $15,000, it’s 0.10%. That tops a lot of bank accounts, but it’s not as impressive as we’d expect for an account with “interest” in the name — and that balance requirement is a beast. We expect more when checking accounts earn interest.

You can access Ally Interest Checking online or through the Ally app, so it’s an accessible choice for anyone within the U.S.

For a full run down of fees and services, check out our complete Ally Bank review.

Varo Bank Account

Best for Digital Wallet

4.5 out of 5 Overall

Key Features
  • No hidden fees
  • Early access to your paycheck
  • Tool to project your cash flow
Varo has combined traditional banking tools with modern technology to help its customers become financially healthy. Its big selling points include up to 6% cash back at more than 50 select brands when you use your Varo debit or Believe card, no hidden monthly maintenance fee and early access to your paycheck. You can also earn up to a whopping 5.00% APY (annual percentage yield) on up to $5K with a Varo high-yield savings account.
Varo Bank Account

Fees
Out-of-network ATM and cash deposit fees
APY
None
ATM access
More than 55,000 Allpoint ATMs
Promotions
Earn money by referring friends
Prime perk
Up to 6% cash back

More Information About Varo Bank Account

With Varo, you’ll pay no monthly service fees, no extra fees for minimum balance requirements, no foreign transaction fees and no cash replacement fees. For money transfers, Varo Bank works with Zelle® so you can send money to folks who user other banks for free. You’ll just pay out-of-network ATM fees and cash deposit fees if you deposit cash in-store through Green Dot®. Varo keeps tabs on how much you spend across all your accounts, too, so you can better analyze and project your cash flow. It also allows you to set spending caps so you have a better handle on your money.

For a full run down of fees and services, check out our complete Varo Bank review.

Consumers Credit Free Rewards

Best for High Balance Benefits

3.5 out of 5 Overall

Key Features
  • Earn 2.09% interest
  • All ATM fees in the U.S. are reimbursed
  • Branches in IL; anyone in U.S. can bank online
Prefer to bank at a credit union? Check out the Consumers Credit Union Free Rewards Checking Account. The interest is solid and the rewards are pretty sweet — no monthly maintenance fees, good APY, early direct deposit and more — but the requirements are a bit hefty.
Consumers Credit Union Free Rewards

Fees
Overdraft fees
APY
2.09% (but up to 4.09% for all accounts)
ATM access
Over 30,000 ATMs
Promotions
None
Prime perk
Solid interest offers

More Information About Consumers Credit Union Free Rewards Checking

With this Consumers Credit Union plant, account holders will earn 2.09% interest on your balance up to $10,000. You’ll also have all ATM fees reimbursed, as long as you:

  • Make 12 debit card purchases each month without using the PIN (as a credit transaction).
  • Have at least one direct deposit or ACH credit of $500 or more each month.
  • Enroll in e-documents.

In addition to that, you can earn 3.09% or 4.09% APY (annual percentage yield) on balances up to $10,000 if you meet CCU Visa credit card spending requirements: $500 and $1,000, respectively.
All CCU branches are in Illinois, but anyone can open and manage an account online and through the mobile app.

What Is a Checking Account?

A checking account is a place to store money at a bank, credit union or other financial institution. The money in a checking account is typically reserved for regular, everyday expenses, as opposed to a savings account. Checking accounts usually distribute paper checks and a debit card to members as well.

How to Choose a Checking Account

You probably already know that you need a checking account and if it comes with a free debit card, that’s even better. A checking plan serves as the primary hub for your money. It’s where your paychecks and direct deposits land, and, from there, you use the money to pay bills, buy the stuff you need and hopefully slide some of it into a savings account. Maintaining a savings account is a smart personal finance decision.

Picking a bank account is a personal choice. What makes checking accounts “good” depends largely on your financial situation and goals. Checking accounts come in a lot of varieties these days, each with different features and benefits. You can pick from online-only banks to those with physical branches, and from those that pay interest to those that offer free checking accounts and no fees for out-of-network ATM use. It’s up to you to do the research and find the one that will benefit you and your lifestyle the most.

But we can tell you a few things that make certain checking accounts worth opening. Here are a few important features to keep in mind when looking for the best checking accounts:

  • Fees: How much will it cost you to manage your money with this account? Make sure you know the monthly fee — or fees — to maintain the account. Also, understand the account’s overdraft fee protection.
  • Safety: If something happens to the institution where you hold your account, will your money be protected? Make sure your checking account is NCUA- or FDIC-insured.
  • Interest rates and APY: Does a particular checking account offer interest on your money to keep it in an account? (These types of accounts tend to offer no or low-interest rates and APY, but there are high-interest checking accounts out there.)
  • Rewards: What do you earn in return for using the account? Are you rewarded for making regular direct deposits or keeping a high balance, for example?
  • Minimum balance: Is there a minimum or average daily balance needed to maintain the account? Or to open the account? Minimum balance requirements can range from $1 to thousands of dollars (to earn a particular rate), and you’ll want to know this before you open an account, be it at a branch or through online banking.
  • Accessibility: What are the requirements to open this account (again, minimum balance requirements, and earn the rewards?
  • Mobility: Can this account travel and move with you? How are the online banking features? Do direct deposits make your banking life easier? How good is the financial institution’s app in making mobile check deposits easier? Are you considering online banks or only those with physical branches?

Types of Checking Accounts

There are a few varieties of checking accounts out there that offer different benefits. You just need to figure out which kind will work best for you. Some of your options for traditional and online checking accounts are:

  • Student Checking: These accounts usually feature minimal fees and no minimum balance. They also don’t offer a lot of perks. They’re bare-bones accounts designed for cash-strapped students who just need the basics.
  • Express Checking: This is the checking account for today’s digital person. If you don’t like going to the bank, this could be for you. These accounts are designed for use on computers, phone apps, ATMs or by telephone. You may actually get a fee for going to a live teller. The upside is fees are minimal as long as you keep banking digitally.
  • Joint Checking: Need to share a checking account with a spouse or another person? A joint account lets you both put money in and take money out as needed.
  • Fresh Start or Second Chance Checking: If you’ve run into financial trouble and have had your accounts closed, it can be tough to get a new account. These accounts are designed to minimize the bank’s risk, but they allow you to open a new account. If you maintain it well for an extended period of time, it may open opportunities for you to upgrade.
  • Rewards Checking: Rewards checking offers the highest perks, such as annual percentage yield (APY) interest on the account balance. Debit card purchases could also receive cashback bonuses or earn points for things like airline travel or gift cards. Some, however, will come with an annual fee.

Checking Account vs. Savings Account

financial setup. You want to have one location for more regular, everyday expenses (checking) and one for longer-term savings and goals (savings).

Checking Account Pros and Cons

There are advantages and disadvantages to checking accounts and below are the most common.


Pros
  • Relatively easy and quick to open
  • Low- or no-fee account options
  • Typically offer a free checkbook and debit card

Cons
  • Usually don’t earn interest
  • Certain accounts have fees (like overdraft and minimum balance requirements) that can add up quickly if you’re not vigilant

Savings Account Pros and Cons

The following pros and cons of savings accounts can help you decide how to use them.


Pros
  • Relatively easy and quick to open
  • Offers interest
  • Easy to access your money in times of need (versus a CD, for example)

Cons
  • Interest rates can vary over time
  • Certain accounts have fees or requirements (like a particular monthly balance to earn a higher interest rate)

When it comes to checking and savings accounts, don’t think of it as an either-or situation — it’s a good idea to have both. You can also mix and match. For instance, you might go for an online checking account and a local credit union for a savings account.

You can have multiple checking accounts, too; perhaps one offers a new member bonus for an influx of free cash, while another offers free overdraft protection for regular spending. Alternatively, when it comes to savings accounts, one might offer a higher annual percentage yield, while another offers other saving products like a money market account.

Regardless of the checking account or savings account you choose, it’s a good move to keep your money in a secure place.

Choosing a Bank vs. a Credit Union vs. a FinTech Company for Your Checking Account

Similarly, opening a checking account, period, is generally a good move, regardless of where you do it.

Keep your own habits and preferences in mind, especially when it comes to choosing between a brick-and-mortar (bank or credit union) and an online-only setup. Consider fees, from initial to ongoing, as well to make sure the account doesn’t end up costing you.

Ultimately, though, don’t get hung up on too many details: When it comes to personal finance, it ultimately comes down to what works for you and your situation.

Methodology

We graded 11 of our favorite bank and credit union accounts on the factors that we like to see in any checking account — no fees, free ATMs, good rewards, easy setup and accessibility.

If an account has a monthly fee or out-of-network ATM charges, we highlighted some more positive qualities (think: a low minimum balance requirement, interest checking account offering, or a free debit card). That said, we prioritized checking accounts that nixed monthly maintenance fees, featured savings accounts, and had no charge or reimbursed out-of-network ATM fees.

Here are the best checking accounts we found across (online) banks, credit unions, and other financial institutions.

Recapping the 10 Best Checking Accounts of July 2024

  • Discover Checking Account: Best Cash Back Debit Card
  • U.S. Bank: Best for Simple, Fee-Free Banking
  • SoFi Checking Account: Best High-Interest Checking
  • PSECU Checking Account: Best Credit Union
  • Axos Bank Essential Checking Account: Best for Online Customers
  • Chase Total Checking Account: Best for Promotional Offers
  • Chime Checking Account: Best for Digital Features
  • Ally Interest Checking Account: Best for No Fee Perks
  • Varo Bank Account: Best for Digital Wallet
  • Consumers Credit Union Free Rewards Checking: Best for High Balance Benefits

Frequently Asked Questions (FAQ) About Checking Accounts

When it comes to choosing the best checking accounts, there’s a lot of information out there. Here, we’re answering some of the most popular questions about checking accounts.

What is a Checking Account?

A checking account is where you hold money at a bank, credit union or other financial institution. You typically use this account to pay for everyday expenses or bills. Depending on where you have you bank, you can access your cash in person, or via an ATM or debit card. Unlike a savings account — which you use for an emergency fund or other financial goal — checking accounts should be fairly accessible for regular spending usually with a debit card. They don't normally accrue interest.

How Can I Open a Checking Account?

Every checking account — whether it’s through a physical or online bank, credit union or other fintech setup — will have its own requirements. Generally, to open a checking account, you need to be at least 18 years old (though guardians can sometimes co-sign an account for a minor) and have a government ID (such as a passport or driver’s license). You’ll likely also need to supply contact information and possibly an opening deposit.

Which is the Best Bank to Open an Account In?

The best bank to open an account will depend on your needs. If you prioritize banking at a physical institution with plenty of locations where you can interact with staff in person, you might choose to go with a big-name chain. If you prefer a bank where you might qualify for higher interest rates in lieu of having access to brick-and-mortar locations, an online setup might work best for you. No matter your choice, it’s a good idea to evaluate it over time; if a bank ends up not being over time.

What is the Best Free Checking Account?

The best free checking account will vary based on your wants and needs in a banking account. You’ll want to look for an account that has no or a low monthly fee, a free debit card and easy access to your money — whether that is an ATM, a physical branch, an app or all of the above. Bonus: look for a free checking account that also offers a new-user bonus. Right now, Chime, Varo and Axos are overall solid free options for checking. Shop around and look for a checking account that’s best for you.

Is Wells Fargo or Chase Better?

Wells Fargo and Chase each offer online checking accounts, among other banking products. But they also have monthly fees, too. Each have online and in-person banking; so, one could be a better fit depending on branch locations in your area. Chase often offers significant new-user sign-on bonuses as well.

What Bank is Good for a Checking Account?

What makes a bank good for a checking account weighs largely on what you prioritize in both a bank and an account. As a whole, you want to consider fees (how much does it cost you to keep your money there?), rewards (do you earn anything for banking with them?), accessibility (what are the requirements to open and keep your account open?) and mobility (does the bank charge foreign transaction fees?). Bonus points if they give out a… bonus, too, for being a new account holder.

How is Interest Taxed on a Checking Account?

The interest earned on checking accounts is considered taxable income. So, your bank, credit union or financial institution will send you a 1099-INT form each year your account earns interest over $10. You file this paperwork along with your yearly taxes. And don’t let this income being  taxed deter you from saving money; a traditional or high-yield savings account is still a worthwhile tool for your money. 

Contributor Kathleen Garvin (@itskgarvin) is a personal finance writer based in St. Petersburg, Florida, and former editor and marketer at The Penny Hoarder. She owns a content-writing business and her work has appeared in U.S. News, Clark.com and Well Kept Wallet.

Chime disclosure:
*Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, Bancorp Bank or Stride Bank, N.A.; Members FDIC.

*Out-of-network ATM withdrawal fees may apply except at MoneyPass ATMs in a 7-Eleven, or
any Allpoint or Visa Plus Alliance ATM.

*Chime early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

Chase fine print:

*Checking offer is not available to existing Chase checking customers, those with fiduciary accounts, or those whose accounts have been closed within 90 days or closed with a negative balance. To receive the $300 checking bonus: 1) Open a new Chase Total Checking account, which is subject to approval AND 2) Have your direct deposit made to this account within 60 days of account opening. Your direct deposit needs to be an electronic deposit of your paycheck, pension or government benefits (such as Social Security) from your employer or the government. After you have completed all the above requirements, we’ll deposit the bonus in your new account within 10 business days. You can only receive one new checking account-related bonus per calendar year. Bonus is considered interest and will be reported on IRS Form 1099-INT.

*Account Closing: If your checking account is closed within six months after opening, we will deduct the bonus amount at closing.

*Chase Overdraft Assist℠: Chase won’t charge an overdraft fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day — you have until 11 p.m. ET (8 p.m. PT) to make a deposit or transfer. Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts.

*Non-Chase ATMs: $3 fee per withdrawal at a non-Chase ATM in the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply. $5 fee per withdrawal at a non-Chase ATM outside of the U.S., Puerto Rico and the U.S. Virgin Islands. Surcharge Fees from the ATM owner/network still apply.

SoFi fine print:

*Sofi Checking and Savings (member FDIC):

1. 10x based on FDIC monthly savings account rate as of October 24, 2023.

2. SoFi members with Direct Deposit or $5,000 or more in Qualifying Deposits during the 30-Day Evaluation Period can earn up to a 4.60% annual percentage yield (APY) on savings balances (including Vaults) and up to a 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the stated interest rate. Members without either Direct Deposit or Qualifying Deposits during the 30-Day Evaluation Period will earn up to 1.20% APY on savings balances (including Vaults) and up to 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates will be available through 12/31/24. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.

3. New and existing Checking and Savings members who have not previously enrolled in Direct Deposit with SoFi are eligible to earn a cash bonus when they set up Direct Deposit of at least $1,000 during the Direct Deposit Bonus Period. Cash bonus will be based on the total amount of Direct Deposit. Direct Deposit Promotion will be available through 12/31/24. Full terms at sofi.com/banking. SoFi Checking and Savings (member FDIC) is offered through SoFi Bank, N.A., Member FDIC.

SoFi members with Direct Deposit can earn up to a 4.60% annual percentage yield (APY) on savings balances (including Vaults) and up tp a 0.50% APY on checking balances. There is no minimum Direct Deposit amount required to qualify for the 4.60% APY for savings (including Vaults). Members without Direct Deposit will earn up to 1.20% APY on savings balances (including Vaults) and up to 0.50% APY on checking balances. Interest rates are variable and subject to change at any time. These rates will be available until 12/31/24. There is no minimum balance requirement. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet.

4. SoFi Bank is a member FDIC and does not provide more than $250,000 of FDIC insurance per legal category of account ownership, as described in the FDIC’s regulations. Any additional FDIC insurance is provided by the SoFi Insured Deposit Program. Deposits may be insured up to $2M through participation in the program. See full terms at SoFi.com/banking/fdic/terms See list of participating banks at SoFi.com/banking/fdic/receivingbanks.

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