As of 2015, Ally Bank,is one of the best banks offering online checking accounts, according to U.S. News & World Report Money, Kiplinger and PC Magazine. Bank of Internet USA also has an excellent online checking account reputation, according to U.S. News & World Report Money and PC Magazine.
Ally Bank, one of the most popular online-only banks, offers far more free services with its interest checking account than most banks, states PC Magazine. Transfers to and from other banks and account holders are free. There is no minimum requirement for funds, no monthly fee and no ATM fees, and the bank reimburses account holders for ATM fees charged by other companies or machines as of 2015, as reported by U.S. News & World Report Money. Although there is a small fee for overdrafts, customers can avoid it by linking the checking account to a savings account. Live customer service is always available.
To open a checking account at Bank of Internet USA requires a $100 deposit as of 2015, according to U.S. New & World Report Money. Once the checking account is active, the bank does not charge monthly maintenance fees, ATM fees or overdraft fees. Fees charged by ATM machines and other banks are refunded. Account holders can set up links between checking and savings accounts for overdraft protection, but if this is not done, the bank denies the charge but does not penalize the customer.