With the rise of technology, traditional banking has become a thing of the past. Digital banks have emerged as a new and innovative way to manage your finances. Here are some of the best digital banks in the US:
1. Chime
Chime is a digital bank that offers a fee-free checking account and savings account. With Chime, you can get paid up to two days early with direct deposit and can easily transfer money to friends and family. Additionally, Chime has a feature called “Round Up” where your purchases are rounded up to the nearest dollar and the extra change is deposited into your savings account.
2. Ally Bank
Ally Bank is a popular digital bank that offers competitive interest rates on savings accounts and CDs. Ally also offers a fee-free checking account and reimburses up to $10 in ATM fees per statement cycle. With Ally, you can also easily transfer money to other accounts and pay bills online.
3. Capital One 360
Capital One 360 is a digital bank that offers a variety of banking services, including checking accounts, savings accounts, and CDs. With Capital One 360, you can easily manage your accounts online or through their mobile app. Additionally, Capital One 360 offers a feature called “My Savings Goals” where you can set savings goals and track your progress.
4. Simple
Simple is a digital bank that offers a fee-free checking account and savings account. With Simple, you can easily track your expenses and set goals for your spending. Additionally, Simple offers a feature called “Safe-to-Spend” where it tells you how much money you have left to spend after bills and savings goals are accounted for.
5. Discover Bank
Discover Bank is a digital bank that offers a variety of banking services, including checking accounts, savings accounts, and CDs. Discover also offers a cashback rewards program on its checking account. With Discover, you can easily manage your accounts online or through their mobile app.
6. Varo
Varo is a digital bank that offers a fee-free checking account and savings account. With Varo, you can easily transfer money to friends and family and receive your paycheck up to two days early with direct deposit. Additionally, Varo offers a feature called “Save Your Change” where your purchases are rounded up to the nearest dollar and the extra change is deposited into your savings account.
7. Aspiration
Aspiration is a digital bank that offers a fee-free checking account and savings account. With Aspiration, you can choose to pay what you think is fair in monthly fees. Additionally, Aspiration offers a feature called “Plant Your Change” where your purchases are rounded up to the nearest dollar and the extra change is invested in sustainable funds.
8. Axos Bank
Axos Bank is a digital bank that offers a variety of banking services, including checking accounts, savings accounts, and CDs. With Axos Bank, you can easily manage your accounts online or through their mobile app. Additionally, Axos Bank offers a cashback rewards program on its checking account.
9. Marcus by Goldman Sachs
Marcus by Goldman Sachs is a digital bank that offers a variety of banking services, including savings accounts and CDs. With Marcus, you can earn high interest rates on your savings and easily manage your account online or through their mobile app.
10. SoFi Money
SoFi Money is a digital bank that offers a fee-free checking account and savings account. With SoFi Money, you can easily transfer money to friends and family and receive your paycheck up to two days early with direct deposit. Additionally, SoFi Money offers a cashback rewards program on its checking account.
Conclusion
These are some of the best digital banks in the US. Each bank offers unique features and benefits, so it’s important to choose the one that best fits your needs. With digital banking, managing your finances has never been easier or more convenient.