Over the last decade, financial institutions have slowly but surely dropped branches and have moved to a digital first strategy. When it comes to your checking account, where most military members get their pay, benefits, or retirement direct deposited, have also evolved. Below are some of the top checking accounts in the market today, including highlights for each bank. All are FDIC insured.
Our Top Pick: Chime
One of our top picks for most military families is Chime®. There’s a lot to love about this bank overall, but here are some of our favorite highlights:
- No monthly account fees
- No minimum balance fees or requirements
- Fee-free overdraft for up to $200 on Chime Debit Card purchases
- Direct deposit customers can get paid up to two days early
- Deposit checks from your phone
- A very easy-to-use mobile app
Chime® isn’t just a great checking account option. We’ve heard great feedback from our readers about their credit card options as well.