Ally Bank

A+ MyBankTracker Rating

Offers Checking and Savings, Competitive Rates, Minimal to No Fees, Free ATMs

Best Feature: Do-It-All Banking
  • Best Online Bank for the second quarter in a row
  • Immense focus on live customer service and its feature-packed mobile apps
  • Earned an A+ MyBankTracker rating due to great deposit rates and no maintenances fees on all accounts

Your one-stop destination if you’re ready to ditch your traditional bank for an online bank. Although Ally Bank stopped providing unlimited refunds on ATM fees, the online bank made up for it by partnering up with the Allpoint ATM network for free ATM access and $10 in monthly ATM fee refunds. Meanwhile, we like that Ally continues to raise rates on its savings accounts and CDs

Honorable Mentions

Discover Bank

Rewards Checking, Strong Rates and Credit Cards

Best Feature: Cashback Checking
  • Only online bank that also handles credit cards and mortgages
  • Competitive deposit rates are easily found with Discover Bank
  • Exceptional MyBankTracker rating of A+ due to stellar consumer reviews praising great customer service

Simple Bank

Mobile First, Great Customer Service, Not Rate Focused

Best Feature: Mobile Banking
  • Backed by BBVA Compass with a focus on mobile banking that is just easy to understand
  • Intriguing checking account that automatically saves and budgets for customers
  • Stopped charging fee for overdrafts, ATM access, card replacement and more