4 Of The Best Checking Accounts

In 2020, pretty much everybody has a checking account. Not only is a checking account a convenient way to store your money, but it can also come with benefits. 

Most checking accounts do more than just hold your money – you can set up direct debits, standing orders, access online banking, and even help you save money. 

There are countless checking accounts to choose from, each with its own benefits, fees, and functions. If you want to know more about some of the best checking accounts out there, then you’ll love what we have in store for you today! 

Alternatively, if you’re looking to read more on checking accounts that don’t use chexsystems, then check out these second chance checking account at Crediful.com.

Aspiration

PROSCONS

Highly recommended customer service

Some higher-rated accounts can be costly

Digital debit card available

10% of each dollar paid to Aspiration goes
to charities for struggling Americans

The Aspiration Spend and Save account is perfect for the average American. It’s convenient for the comings and goings of everyday life and comes with benefits. 

With this account, you can earn money back from your direct debits. Most people have direct debits – whether it be your car insurance, your mortgage, your bills – so many things can be paid via direct debit in 2020. 

The general consensus is that the more expensive, premium accounts have benefits such as cash back on your direct debits, so it’s certainly refreshing to see what Aspiration have to offer. 

Well, you’ll be delighted to know that the Spend and Save account comes with zero fees – no check deposit fees, no overdraft fees, no debit card fees, and no inactive/ dormant account fees! This certainly makes it easier to stack those dollars up!

CHIME

PROSCONS

Faster access to direct debits

No branches

Zero hidden fees and charges!

38,000+ fee-free ATMs

When every penny counts, hidden fees and charges feel like the worst thing in the world. Thankfully, with CHIME, that won’t be a problem – there are no hidden fees with one of their checking accounts – and as an extra bonus, there’s a zero-interest overdraft. 

This account suits everybody. Even if you don’t have a penny to your name, you’ll be able to register for a CHIME checking account with a zero balance. 

The account is one of the more modern accounts out there – as their primary banking services are on internet banking or the mobile app.

If you’re an old-school banker, you may be disappointed to learn that there are no physical CHIME branches – but it’s quick and easy to download and use the mobile app. It’s super easy to use and navigate, and you can pretty much perform all banking services on it.

Simple

PROSCONS

Can set goals for saving and budgeting

Online and branch only

Can open account with zero balance

Easy and efficient mobile app

With a Simple checking account, the key is in the name. The banking process is simple, the app is simple, the fees system is simple – your finances will be made refreshingly simple with a Simple account. 

The app is super easy to use, which is perfect if you’re a beginner to modern banking. If you are having any difficulties with the app or your finances, then you can make the most out of their highly rated customer services support system. 

If you want an account that’ll help you manage your savings, then you’re sure to appreciate the in-app automated savings feature. 

This means you can set regular payments into certain categories, whether it be groceries, luxuries, or bills – and it automatically sorts your expenses out for you. 

It also puts any ‘spare change’ aside from recent transactions, meaning you can save and not even notice the loss! There’s no better way to save than with Simple.

Radius

PROS CONS
Very promising interest rate Must deposit at least $10 to open account
Can use any SUM ATM free of charge Mobile and online banking only
No monthly fees

Radius is a popular bank for many reasons, but one thing that stands out is their high interest rates. If you have a balance of $2,500 or more, then you’ll receive a generous interest rate of 1.20% APY. With a $10,000 minimum balance, you’ll earn 1.0% APY. 

When you register for a Radius checking account and get accepted, you’ll get a debit card that’s fully enabled for Apple Pay, which is ideal for when you’re on the go. 

Radius is the epitome of modern banking, with full facilities available on both their online banking service and the mobile app, which is accessible on Apple and Android, as well as tablets and some other devices. 

There are plenty of ATMs available for Radius customers, and although the bulk of Radius cash machines are in the Boston area, you can use any SUM ATM in the country completely free of charge. Beats spending $2.75 on a cash withdrawal!

Mr. M-Man
 

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