Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances of $100,000 or more and subject to change daily without notice before or after the account is opened. Applies to personal accounts only. You could also convert the cash into a money order, which you might be able to deposit electronically using your online bank's mobile app. Read review. Must also open a Schwab One brokerage account. Many banks have lower caps. Options for depositing cash at an online bank usually include using a deposit-accepting ATM or putting cash into a traditional bank account and transferring that money to your online account. Finally, you can use the app for things like freezing your debit card and depositing paper checks. With online banking, you can access your account securely day or night. Online banks don’t have branches, which may be a deal-breaker for customers who prefer face-to-face assistance. Some online banks work with ATM networks to allow cash deposits, but others allow only mobile check deposits, direct deposit or electronic transfer from other bank accounts. What you should know: You need at least $2,500 in your account to take advantage of earning interest or cash back. It’s an estimate of the amount you can afford to spend based on your balance, upcoming bills and savings goals. » Looking for savings accounts with excellent interest rates? It’s not hard to find an online checking account with no monthly fees, but you might still pay charges for activity in your accounts. Also, there’s no ATM network to keep track of—Schwab provides unlimited ATM fee rebates. To earn the highest rate, you’ll need to complete the following: There’s no monthly fee or ongoing balance requirement in the Vertical Checking account, but you need to start with at least $25. Check on your account easily anytime. Discover Bank’s checking account lets you earn cash back on certain purchases, and you’ll also have access to 60,000 free ATMs. Fewer fees. Schwab’s app provides all of the features you’d expect, including mobile check deposit. •Federal law limits certain types of withdrawals and transfers from savings and money market accounts to a combined total of 6 per calendar month per account. Apple, the Apple logo and Apple Pay are trademarks of Apple Inc., registered in the U.S. and other countries.". To be eligible for this rate, you must opt out of paper statements and make at least one electronic deposit to your account each month. Special features: With Rewards Checking, you also can earn up to. For Discover Bank Cashback Debit and Online Savings Accounts. You can learn more about the standards we follow in producing accurate, unbiased content in our, We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. The zero-sum budget, also known as the zero-based budget, can provide a holistic solution to revamping your finances. Earn higher interest with easy access to cash. Unlike most credit unions, Alliant makes it easy to apply for membership and take advantage of its interest checking and high-quality digital tools. Ultimately, the goal of this list is to highlight high-quality offerings that don’t include “gotchas” like surprise fees or teasers that deliver less than they promise. That may not be an issue, though, because Alliant’s digital tools are better than those offered by most other credit unions. At nbkc, you’ll find no monthly fee, no charge for returned (bounced) payments, no overdraft or insufficient funds fees, free stop payments, and free wire transfers. Choosing a budgeting system is a lot like choosing the right approach to rehabbing or remodeling your home. No minimum deposit to open. Special features: You can earn 1% cash back on Radius debit card transactions that are either online or require a signature. All financial products, shopping products and services are presented without warranty. Other pros: Radius belongs to the surcharge-free NYCE and MoneyPass ATM networks, and it doesn’t charge out-of-network ATM fees. Yes, it’s appropriate to jump for joy—provided you have a plan for that extra income. Whatever makes it easier for you to get going on your goals. Other pros: Ally has more than 43,000 surcharge-free Allpoint ATMs, highly rated mobile apps and exceptional customer service. Plus, you can get a $200 bonus if you meet certain criteria. While bigger bonuses might exist elsewhere, this offer is one of the most accessible offers nationwide. A penalty may be charged for early withdrawal. The checking account at Bank5 Connect, online branch of Massachusetts-based Bank Five, has a high rate and ATM fee reimbursements of up to $15 per month. nbkc Bank keeps fees at a minimum and pays a competitive rate on your checking account balance. This is a “rewards” checking account, meaning you need to meet specific criteria to maximize your rate. And the interest rate has two tiers, 0.10% and 0.15% annual percentage yield, depending on your account balance. One lets you round up every debit card transaction to the nearest dollar and automatically transfer the difference to your Chime Savings account. In addition, purchases made using third-party payment accounts (services such as Venmo® and PayPal™, who also provide P2P payments) may not be eligible for cash back rewards. There isn’t a way to deposit cash directly into your account, but you can either put funds into an external bank account and transfer it, or buy a money order and use the mobile check deposit feature. If you want to earn interest on unused cash, look at Discover Bank’s online savings account, or browse our list of the best banks for savings accounts. Online banks typically have well-designed websites and mobile apps for doing your banking, including tasks such as depositing checks and paying bills. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. See Section 11 of the Deposit Account Agreement for more details. What you should know: There isn’t a way to deposit cash into an Ally account. Learn the pros and cons. Online bank accounts from Discover include no hidden fees, 24/7 U.S.- Based customer service and 60,000 no-fee ATMs in the U.S. Open an online bank account today. What you should know: To get the maximum APY, the bank requires at least $1,000 in monthly direct deposits, and you have to use your debit card 15 times a month on everyday purchases — with a minimum of $3 per transaction. *This should not be considered tax or investment advice. Annual Percentage Yield (APY) is accurate as of XX/XX/XXXX for Money Market Account balances under $100,000 and subject to change daily without notice before or after the account is opened. The cash-back perk also requires at least $2,500 in direct deposits. » Looking for savings accounts with excellent interest rates? annual percentage yield, depending on your account balance. Pre-qualified offers are not binding. The Balance requires writers to use primary sources to support their work.