Best chequing accounts for digital banking for October 2021 – Forbes Advisor

The accounts on this list have some of the top rated online experiences and mobile apps, providing the ability to easily manage checking account tasks from anywhere. They also rank well according to the general criteria we have established for the Best chequing accounts of 2021. To create a list of the best checking accounts, Forbes Advisor analyzed 133 checking accounts at 56 financial institutions, including a mix of traditional banks, online banks, and credit unions. We ranked each institution on 11 data points under the categories Fee, Minimum Requirements, APY, Customer Experience, Digital Experience, and Availability.

Here is the weight assigned to each category:

  • Fee: 35%
  • Minimum: 20%
  • APA: 20%
  • Customer and digital experience: 20%
  • Availability: 5%

Specific features considered in each category included monthly fees, overdraft fees, ATM fees, minimum deposit requirements, minimum balance requirements, APY and ease of earning, customer service ratings , mobile access, online access, app store reviews and national account availability.

Checking accounts with zero or very low fees scored the highest, as did those with above-average interest, low minimum requirements, and high customer service and digital experience scores. To appear on this list, the current account must be available at national level.

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