With so many choices of banks, financial institutions and types of accounts, finding the best account can be a daunting task. You need to compare multiple bank accounts and look at fees and interest rates, among other factors, to choose the account that suits your lifestyle.

There are thousands of banks and credit unions to choose from in the U.S. and they offer a variety of checking accounts with different features and fees. Whether you choose a local bank, credit union, online bank, or a big bank like a national bank, here’s what you need to consider to determine the best bank account for you. In this guide, we will breakdown the different types of checking accounts and tips on finding the best checking account for you.

Editor’s Note: In addition to this guide, be sure to take a look at our list of the 15 Best Free Checking Accounts.

Table of Contents

Types of Checking Account

Personal checking account: These are the classic places to park your cash while keeping your money accessible for everyday use. With a personal checking account, you can access your money in a number of ways, including: at the ATM, in the branch and on your mobile app. Often, but not always, you will get physical checks in addition to a debit card with the account.
Online-only checking account: These accounts function like personal checking accounts but are only offered online. Instead of the option to visit a branch, you will only use your checking account online. These accounts can offer more perks because of the math: Instead of spending money on their branches, online banks and credit unions can pass along this operational savings along to their customers.
Rewards checking account: Some checking accounts will offer you cash back on your debit swipes or provide another kind of reward in exchange for your business. While it’s not widespread, there are options. Kasasa checking, for instance, is offered by numerous financial institutions across the country and provides checking customers rewards, including cash back.
Interest-bearing checking account: Some checking accounts pay interest on the money parked in your account so that you make a small return. However, there are usually requirements to earn the APY or to avoid account fees
Student checking account: These are often low-fee accounts for individuals in school. If you’re looking for an account for your child, you have all sorts of options. Banks across the country offer student accounts that may waive ATM fees, offer bonuses and more.

ATMs & Branches

If you want access to your money, you can usually use a debit card assigned to your checking account. With a debit card you can withdraw and deposit cash into an ATM. The only time you need an ATM or a branch is if you need to get cash. When evaluating a bank, find out its geographic footprint and its ATM network partnerships. The ATM network is crucial because if you use an ATM in a network, you can access cash for free.

If they have a small ATM network or don’t have partnerships, find out how many ATM fees they will reimburse you.

Consider Checking Account Bonuses

Banks and credit unions often offer generous sign-up bonuses for new customers — especially in an environment where competition for your business is fierce. To earn the bonus, simply complete the desired requirements which is stated in the fine print. Frequently, these checking accounts will also have ways to waive the monthly fees.

One great checking account that is currently offering a sign up bonus is the Chase Total Checking account. Opening a new Chase Total Checking^® Account offers you the potential to earn a $200 checking bonus by applying in-branch OR online and setting up a direct deposit. In addition, be sure to take a loot at our full list of current bank promotions going on to help you find the right checking account to open.