In this digital age, traditional banking is slowly becoming a thing of the past. With the rise of digital banks, people can now access banking services from anywhere in the world without physically visiting a bank. Digital banks offer the same banking services as traditional banks, but with the added convenience of online access. Here’s a list of the top digital banks that are revolutionizing the banking industry.
1. Chime
Chime is a digital bank that offers fee-free checking and savings accounts. With Chime, users can get paid up to two days early with direct deposit and enjoy no hidden fees or monthly minimums. Chime also offers a mobile app that makes banking easy and convenient. Users can track their spending, set up savings goals, and even block their debit card if it’s lost or stolen.
2. Ally Bank
Ally Bank is an online-only bank that offers high-interest savings accounts, checking accounts, and CDs. With Ally Bank, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Ally Bank also offers a mobile app that allows users to deposit checks, transfer funds, and manage their accounts on the go.
3. Simple
Simple is a digital bank that offers a fee-free checking account that comes with a Visa debit card. With Simple, users can set up savings goals, track their spending, and get notifications when they reach their goals. Simple also offers a mobile app that makes banking easy and convenient.
4. Varo
Varo is a digital bank that offers fee-free checking and savings accounts. With Varo, users can get paid up to two days early with direct deposit and enjoy no hidden fees or monthly minimums. Varo also offers a mobile app that makes banking easy and convenient. Users can track their spending, set up savings goals, and even block their debit card if it’s lost or stolen.
5. N26
N26 is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, investment accounts, and insurance. With N26, users can access their accounts anytime, anywhere, with no monthly maintenance fees. N26 also offers a mobile app that allows users to deposit checks, transfer funds, and manage their accounts on the go.
6. Revolut
Revolut is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, cryptocurrency trading, and international money transfers. With Revolut, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Revolut also offers a mobile app that allows users to deposit checks, transfer funds, and manage their accounts on the go.
7. Monzo
Monzo is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, budgeting tools, and cashback offers. With Monzo, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Monzo also offers a mobile app that allows users to deposit checks, transfer funds, and manage their accounts on the go.
8. Starling Bank
Starling Bank is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, budgeting tools, and cashback offers. With Starling Bank, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Starling Bank also offers a mobile app that allows users to deposit checks, transfer funds, and manage their accounts on the go.
9. Marcus by Goldman Sachs
Marcus by Goldman Sachs is an online-only bank that offers high-yield savings accounts and CDs. With Marcus by Goldman Sachs, users can earn high interest rates on their savings with no monthly maintenance fees. Marcus by Goldman Sachs also offers a mobile app that allows users to manage their accounts on the go.
10. Discover Bank
Discover Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, CDs, and cashback checking accounts. With Discover Bank, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Discover Bank also offers a mobile app that allows users to manage their accounts on the go.
11. Axos Bank
Axos Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, checking accounts, and CDs. With Axos Bank, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Axos Bank also offers a mobile app that allows users to manage their accounts on the go.
12. CIT Bank
CIT Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, CDs, and money market accounts. With CIT Bank, users can earn high interest rates on their savings with no monthly maintenance fees. CIT Bank also offers a mobile app that allows users to manage their accounts on the go.
13. TIAA Bank
TIAA Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, CDs, and money market accounts. With TIAA Bank, users can earn high interest rates on their savings with no monthly maintenance fees. TIAA Bank also offers a mobile app that allows users to manage their accounts on the go.
14. Barclays
Barclays is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, CDs, and credit cards. With Barclays, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Barclays also offers a mobile app that allows users to manage their accounts on the go.
15. HSBC
HSBC is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, CDs, and credit cards. With HSBC, users can access their accounts anytime, anywhere, with no monthly maintenance fees. HSBC also offers a mobile app that allows users to manage their accounts on the go.
16. Capital One 360
Capital One 360 is an online-only bank that offers a range of banking services, including high-yield savings accounts, checking accounts, and CDs. With Capital One 360, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Capital One 360 also offers a mobile app that allows users to manage their accounts on the go.
17. Bank of Internet USA
Bank of Internet USA is an online-only bank that offers a range of banking services, including high-yield savings accounts, checking accounts, and CDs. With Bank of Internet USA, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Bank of Internet USA also offers a mobile app that allows users to manage their accounts on the go.
18. Synchrony Bank
Synchrony Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, CDs, and money market accounts. With Synchrony Bank, users can earn high interest rates on their savings with no monthly maintenance fees. Synchrony Bank also offers a mobile app that allows users to manage their accounts on the go.
19. American Express National Bank
American Express National Bank is an online-only bank that offers high-yield savings accounts and CDs. With American Express National Bank, users can earn high interest rates on their savings with no monthly maintenance fees. American Express National Bank also offers a mobile app that allows users to manage their accounts on the go.
20. UFB Direct
UFB Direct is an online-only bank that offers a range of banking services, including high-yield savings accounts, money market accounts, and CDs. With UFB Direct, users can earn high interest rates on their savings with no monthly maintenance fees. UFB Direct also offers a mobile app that allows users to manage their accounts on the go.
21. CIT Bank Savings Builder
CIT Bank Savings Builder is an online-only bank that offers high-yield savings accounts. With CIT Bank Savings Builder, users can earn high interest rates on their savings by maintaining a minimum balance or making monthly deposits. CIT Bank Savings Builder also offers a mobile app that allows users to manage their accounts on the go.
22. FNBO Direct
FNBO Direct is an online-only bank that offers a range of banking services, including high-yield savings accounts and CDs. With FNBO Direct, users can access their accounts anytime, anywhere, with no monthly maintenance fees. FNBO Direct also offers a mobile app that allows users to manage their accounts on the go.
23. PurePoint Financial
PurePoint Financial is an online-only bank that offers a range of banking services, including high-yield savings accounts and CDs. With PurePoint Financial, users can earn high interest rates on their savings with no monthly maintenance fees. PurePoint Financial also offers a mobile app that allows users to manage their accounts on the go.
24. T-Mobile Money
T-Mobile Money is a digital bank that offers a fee-free checking account with a high interest rate. With T-Mobile Money, users can access their accounts anytime, anywhere, with no monthly maintenance fees. T-Mobile Money also offers a mobile app that allows users to manage their accounts on the go.
25. Bank5 Connect
Bank5 Connect is an online-only bank that offers a range of banking services, including high-yield savings accounts, checking accounts, and CDs. With Bank5 Connect, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Bank5 Connect also offers a mobile app that allows users to manage their accounts on the go.
26. CIBC US
CIBC US is a digital bank that offers a range of banking services, including fee-free checking and savings accounts, CDs, and credit cards. With CIBC US, users can access their accounts anytime, anywhere, with no monthly maintenance fees. CIBC US also offers a mobile app that allows users to manage their accounts on the go.
27. Sallie Mae Bank
Sallie Mae Bank is an online-only bank that offers a range of banking services, including high-yield savings accounts, money market accounts, and CDs. With Sallie Mae Bank, users can earn high interest rates on their savings with no monthly maintenance fees. Sallie Mae Bank also offers a mobile app that allows users to manage their accounts on the go.
28. Comenity Direct
Comenity Direct is an online-only bank that offers a range of banking services, including high-yield savings accounts and CDs. With Comenity Direct, users can earn high interest rates on their savings with no monthly maintenance fees. Comenity Direct also offers a mobile app that allows users to manage their accounts on the go.
29. Sallie Mae Money Market
Sallie Mae Money Market is an online-only bank that offers a high-yield money market account. With Sallie Mae Money Market, users can earn high interest rates on their savings with no monthly maintenance fees. Sallie Mae Money Market also offers a mobile app that allows users to manage their accounts on the go.
30. Salem Five Direct
Salem Five Direct is an online-only bank that offers a range of banking services, including high-yield savings accounts, checking accounts, and CDs. With Salem Five Direct, users can access their accounts anytime, anywhere, with no monthly maintenance fees. Salem Five Direct also offers a mobile app that allows users to manage their accounts on the go.
Conclusion
The future of banking is digital, and these digital banks are leading the way. With the convenience of online access and the same banking services as traditional banks, digital banks are becoming more popular every day. Whether you’re looking for a fee-free checking account or a high-yield savings account, there’s a digital bank out there that can meet your needs. So why not give one of these top digital banks a try and see how easy and convenient banking can be?