In 2023, there are more banks or financial institutions that act like banks but technically arent than ever.
Their advantage is that they offer everything from multiple savings and checking accounts to loans, CDs and more.
Probably not as good as youd like.
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It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
Ask one of these companies to help… Where it falters are in the high fees and lack of free access to non-company branded ATMs.
Still, for many customers the convenience of branches and a wide variety of services make up for that.
Chase has a highly rated mobile app and offers a new user bonus.
You get access to more than 15,000 Chase ATMs and more than 4,700 branches.
There are a lot of services under one roof which also makes it attractive to consumers.
One complaint: high monthly fees.
Savings and checking accounts earn solid interest.
Huntington has 1,069 offices in 12 states.
Its a full-suite bank with interesting checking and savings options.
A word to the wise: be careful not to overdraft your account or youll be penalized steeply.
That being said, PNC also offers lots of financial literacy tools for those who are new to banking.
PNC has 2,618 branches in 26 states.
The bank has a lot of physical locations and ATMs nationwidewith 4594 branches in 37 states.
It offers a web link of 80,000 surcharge-free ATMs across the country.
Fees are low and interest high for savings and checking accounts.
Transparency about and lack of fees in general sets this online banking giant apart.
Interest rates on savings accounts are higher than the national average but low for checking.
Customers have access to about 43,000 Allpoint ATMs for free, although cash deposits are not accepted.
Account access is limited to web-based and phone support.
Customers have access to about 55,000 fee-free Allpoint ATMs.
It has highly regarded customer service and good options for small businesses.
Free withdrawals at 91,000 ATMs nationwide.
This lets you take advantage of the generally high APY.
Especially good for new investors.
No ATM networks but Betterment reimburses all ATM fees worldwide.
It has no fees and allows customers to get their paychecks early when they have direct deposit.
The drawbacks of this trendsetter is that it doesnt allow joint accounts and has no small business banking options.
Access to 60,000 fee-free ATMs, some in major stores like Walgreens and CVS.
Disclosure: Chime is a financial technology company, not a bank.
Banking services provided by The Bancorp Bank, N.A.
or Stride Bank, N.A., Members FDIC.
It offers both checking and savings accounts with no monthly fees and high interest yields.
There is free overdraft protection but CIT still charges penalties on insufficient funds items.
No accounts specifically for business owners.
Its not technically a bank but a financial technology platform, sometimes called a neobank.
Your money is FDIC insured.
Access to 40,000 fee-free ATMs in the Allpoint web connection.
Fee-free access to MoneyPass and SUM networks and their 37,000 ATMS.
Its a fintech company that works with a partner bank web link for services.
Access to 55,000 fee-free ATMS in the Allpoint online grid.
Checks can be written off the money market account.
It offers a large variety of credit cards and charges no monthly fees.
Synchrony is a good fit for folks who dont need a traditional checking account.
Customers can use any ATM and Synchrony will reimburse fees up to $5 per statement period.
We like the credit builder credit card and cash advance options.
Fee-free access to 55,000 Allpoint ATMs.
Take, for example, the banking needs of small-business owners, especially those who are just starting out.
And if youre looking out for which banks to avoid, weve got that too.
Here are the 2023 Penny Hoarder roundups of specialty banking topics.
That can mean up to $500 for new customers who meet certain requirements.
The bonus offers change monthly and we keep up with that.
And thats just one thing that sets them apart as banking customers.
We found four banks that are ideal for freelancers, especially in the area of money management and budgeting.
That means many of them have higher APYs for both checking and savings accounts.
We also expect them to have excellent mobile apps and lots of access to ATMs.
We found thirteen banks that come highly recommended in this category.
The ability to access customer assistance 24/7 is important when deployed in different time zones.
Deployed personnel also typically want reliable online bill payment services, and international branches or facilities on base.
Some of them even offer those reimbursements for ATMs used anywhere in the world.
Just be sure to read the fine print on the accounts because some are only good through age 18.
Online-only Ally Bank makes the naughty list and is also on The Penny Hoarders Best Online Banks roundup.
Allys loan services tend to get a lot of negative customer reviews which lead to complaints being filed.
For customers who use Ally for checking and savings, the satisfaction is significantly higher.
(Can you sense my millennial sarcasm there?)
You know which ones were talking about: rent, utilities, cell phone bill, insurance, groceries…
