What are the best online banks for someone who is always on the go like me?
I've recently started a job that requires me to travel frequently, and I'm finding it difficult to keep up with my banking needs. I've heard that online banks can be a great option for people like me, but I'm not sure which ones are the most reliable and user-friendly.
I've done some research, but I'm still unsure about which online bank to choose. I'm looking for one that has a good mobile app, low fees, and high-yield savings accounts. I've considered banks like Ally and Capital One, but I'd love to hear from others who have experience with these or other online banks.
Can anyone recommend a good online bank for someone with my lifestyle, and do you think it's possible to have all of my banking needs met entirely online, or are there still some things that require a visit to a physical bank?
1 Answer
Hey there, fellow traveler! I totally understand your concern about managing your banking needs while being on the go. Online banks can be a fantastic option for people with busy lifestyles like yours. I've got some great recommendations for you, and I'll also share some insights on what to look for in an online bank.
Firstly, let's talk about the key features you're looking for: a good mobile app, low fees, and high-yield savings accounts. Ally and Capital One are both excellent choices, but there are a few other online banks worth considering. Discover is another popular option that offers a user-friendly mobile app, low fees, and a high-yield savings account with a decent interest rate. Chime is another great option that offers a mobile-only banking experience with no overdraft fees and a savings account that earns interest.
When it comes to mobile apps, you'll want to look for one that's intuitive, secure, and allows you to manage your accounts, transfer funds, and deposit checks remotely. Ally's mobile app, for example, has a 4.8-star rating on the App Store and offers features like mobile deposit, bill pay, and account alerts. Capital One's mobile app also has a 4.8-star rating and offers features like mobile deposit, credit score tracking, and account alerts.
In terms of fees, you'll want to look for online banks that offer low or no fees for services like ATM withdrawals, overdrafts, and monthly maintenance. Discover and Chime are both great options in this regard, as they offer few to no fees for these services. Ally and Capital One
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