As the world becomes more digitized and technology advances, banking has taken on a new form. Gone are the days when you had to visit a physical bank branch to open an account, deposit or withdraw cash, or apply for a loan. Today, you can do all of these things and more from the comfort of your home, office, or on the go.
Thanks to the emergence of digital banks, banking has become more convenient, faster, and easier. With just a few clicks, you can open an account, transfer money, pay bills, and even invest your money. In this article, we’ll be looking at the top digital banks that are worth considering.
1. Ally Bank
Ally Bank is a popular digital bank that has been around for over a decade. It offers a range of banking services, including savings, checking, money market accounts, and CDs. One of the standout features of Ally Bank is its high-interest rates, which are among the best in the industry. Additionally, the bank has a user-friendly mobile app and website that makes banking a breeze.
2. Chime
Chime is another digital bank that has gained popularity in recent years. It’s a mobile-only bank that offers fee-free checking and savings accounts. One of the standout features of Chime is its early direct deposit feature, which enables users to access their paychecks up to two days early. Additionally, Chime has a feature that enables users to automatically save a percentage of their paycheck.
3. Capital One 360
Capital One 360 is a digital bank that offers a range of banking services, including savings, checking, and money market accounts. One of the standout features of Capital One 360 is its fee-free overdraft protection, which is rare among banks. Additionally, the bank has a user-friendly mobile app and website that makes banking easy and convenient.
4. Simple
Simple is a digital bank that offers a range of banking services, including fee-free checking and savings accounts. One of the standout features of Simple is its budgeting tools, which enable users to set goals, track their spending, and save automatically. Additionally, Simple has a user-friendly mobile app that makes banking on the go easy and convenient.
5. Varo Money
Varo Money is a mobile-only bank that offers a range of banking services, including fee-free checking and savings accounts. One of the standout features of Varo Money is its high-interest savings account, which has one of the best rates in the industry. Additionally, the bank has a feature that enables users to automatically save a percentage of their paycheck.
6. Marcus by Goldman Sachs
Marcus by Goldman Sachs is a digital bank that offers a range of banking services, including high-yield savings accounts, CDs, and personal loans. One of the standout features of Marcus is its high-interest rates, which are among the best in the industry. Additionally, the bank has a user-friendly mobile app and website that makes banking easy and convenient.
7. Discover Bank
Discover Bank is a digital bank that offers a range of banking services, including savings, checking, and money market accounts. One of the standout features of Discover Bank is its cashback rewards program, which enables users to earn cashback on their debit card purchases. Additionally, the bank has a user-friendly mobile app and website that makes banking easy and convenient.
8. Axos Bank
Axos Bank is a digital bank that offers a range of banking services, including savings, checking, and money market accounts. One of the standout features of Axos Bank is its high-interest rates, which are among the best in the industry. Additionally, the bank has a user-friendly mobile app and website that makes banking easy and convenient.
9. Bank of Internet USA
Bank of Internet USA is a digital bank that offers a range of banking services, including savings, checking, and money market accounts. One of the standout features of Bank of Internet USA is its high-interest rates, which are among the best in the industry. Additionally, the bank has a user-friendly mobile app and website that makes banking easy and convenient.
10. Alliant Credit Union
Alliant Credit Union is a digital credit union that offers a range of banking services, including savings, checking, and money market accounts. One of the standout features of Alliant Credit Union is its high-interest rates, which are among the best in the industry. Additionally, the credit union has a user-friendly mobile app and website that makes banking easy and convenient.
Conclusion
There you have it – a comprehensive guide to the top digital banks worth considering. Whether you’re looking for high-interest rates, fee-free accounts, or user-friendly apps, there’s a digital bank out there that’s right for you. So why not take advantage of the convenience and flexibility that digital banking offers and join the millions of people who are already doing their banking online?