Top 5 BEST Bank Accounts of 2021 | PART 2

Top 5 BEST Bank Accounts of 2021 | PART 2

Click “Show More” to see my Favorite Financial Tools

▽MY FINANCIAL TOOLS▽

💳 Credit Cards

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💰 Chime Fully Online Banking

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🏦 SoFi Complete Money Management

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💸 Bankrate | Checking, Savings, and CDs

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📊 Wealthfront Automated Investing

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💵 Current Card

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📸 MY CAMERA GEAR

Currently, Discover offers a fully online checking and savings account that gives you 1% cashback on up to $3,000 in purchases each month, pays you 0.4% which isn't crazy but is pretty good compared to other banking platforms currently, and best of all this platform is completely free meaning no monthly fees, no insufficient funds fees, no minimum deposit requirements or anything like that. Discover also offers a fully online savings account, money market account options, CDs, and even retirement savings accounts.

Varo currently offers both checking and savings account options with a much more modern looking app and modern features like the ability to get paid up to two days early, instantly send money to friends and family through the app, and the ability to not only withdraw cash at over 55,000 free to use Alpoint ATM's but the ability to deposit cash at certain retail locations through the green dot reload system. With their savings account, you’re first going to earn 0.2% but if you get at least $1000 each month and you must keep your daily account balance between zero and $5000 you'll earn 3%!

This is more of a hybrid account so you're not necessarily going to have that separate checking and savings account option but with this hybrid checking account you have no account fees, no overdraft fees, no transfer fees, access to their network of 19,000 ATMs, $1,000,000 in FDIC insurance which is four times what your average bank will offer, plus the ability to pay bills, easily send into posit checks, and instantly transfer money in and out of your investment portfolio if that is a tool that you decide to take advantage of.

Current has all of those modern features like the ability to get paid early, cash back on purchases at 14,000 participating merchants, savings pods, spending insite tools, and of course the fact that it is all completely free. Now to clarify, they do have a premium checking account option for just a few dollars a month but a majority of the features do come with a free account so you can always try it out upgrade down the road if you really like it. As I said, I have reviewed the Current teen account as well, and actually, the reason why it is so high on this list it's because as part of that teen account, you actually have the ability to have your entire family on the same page with your finances.

Not only do they have the SoFi money account for your banking but they also have SoFi invest, SoFi barrow, SoFi Relay which is their free budgeting platform, the new SoFi credit card, and a ton of other integrations that allow you to track all of your finances under one platform. SoFi money is completely free, gives you access to 55,000 free to use ATM's, the ability to get paid up to two days early, currently will pay you a 0.25%, give you cashback bonuses, free cell phone protection, real-time spending alerts, savings goals, savings vaults, roundup tools, and $1.5 million in FDIC insurance.

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[BLLEN]

No Charles Schwab checkings?

Unlimited ATM fee rebates worldwide

$0 No service fees or account minimums
Globe with dollar sign icon

No foreign transaction fees

0.03% APY on your checking account balance

[akin]

Capital One, Discover, SoFi, and Charles Schwab for personal checking.

Capital One, Discover, SoFi, and Ally Bank for checking & savings.

[Cress]

I feel Capital One should be in the top 5. I agree SoFi on the number 1 spot

[bsaryder]

Chime is still a top tier online bank and has raised the sign up bonus to $100 with a $200 DD.

[whimsy]

Been looking for a new checking account recently so this video came at the perfect time! keep up the good work 👌

[harryallenpearce]

Did SoFi start giving 1% cash back on debit card use with a confirmed direct deposit?

[KaiatheSiberianHusky]

wow #1 caught me off guard coming from you. /s

[walidm]

I agree with you 100%. SoFi is by far the best

[ELPCOTILLION-SD]

Discover Doesn't Have Deposit Cash At Retail Stores...

[lasnoches]

What are the books behind you? I'd like to read up and I've noticed a couple. I've recently switched banks to Varo for the Savings account option and am looking for a checking account in the near future.

[Jonathan]

So with Discover bank you forgot to say you are applying to have a checking account.

[chrome]

Discover actually just completely revamped their desktop website, it went live today, so the video was probably filmed prior . So they’re still working on things

[callmeNeno]

No Capital One 36O? I knew Sofi was coming for your #1 😂

[brandonsmith]

I would recommend factoring in the sign up bonuses more with these rankings but otherwise great video!

[harryallenpearce]

Discover is still #2 in my book. Not gimmicky, but effective.

[rzdczue]

In Brazil, online banks don't charge for wire transfers. Are there any banks here with this feature?? I mean, from a bank to a different one. I've been having a hard time to find good banks in the US. I miss my Inter Bank... I have never paid a penny to have an account there. 😢

[haveaniceday]

Can you make a video on which Banks have the least privacy permissions for apps?

[ashleysilvers]

How can I forward my SoFi 6 digits code, if the number linked in my SoFi account is stolen?

[dazedandconfused]

i just turned 18 a couple weeks ago. and ive been trying to apply for my first bank account (an online bank). but i keep not getting approved for any. i dont know what im doing wrong, its a bummer. any advice?

[noelj]

I know these Banks aren't for everyone which I have Navy Federal and USAA, but with one in particular Navy Federal I am starting to see fees that are as high as the big Banks like Chase. I do also have Charles Schwab but I'm strongly reconsidering what my main bank should be. Thanks for the review