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Best Checking Accounts in Louisiana of August 2022

Katie Stiner

Anyone looking to take charge of their finances needs a checking account. It is the center of your financial life, and deciding which option works best for you requires a lot of research. 

With more than 4.6 million residents needing access to banking services, dozens of banks operate in Louisiana. Many banks provide a wide variety of checking accounts with competitive rates and features. Your goal is to select a checking account that is best suited for your financial needs.

Start by taking an in-depth look at your individual preferences and banking habits. Knowing what you want will help you narrow down your options and focus on what you need.

Deciding which checking account to choose from can be a hassle. But don’t worry, we made a list of some of the best checking accounts in Louisiana, along with the features that make them stand out. As you read through a comprehensive review, match your financial needs to an option best suited for you. 

Get paid up to 2 days earlier with direct deposit*

$0

Monthly Fee

0%

Est. APY

Overview

Chime will not charge you a monthly fee and does not require a minimum balance to avoid maintenance fees.

What we like

  • No maintenance fees
  • Receive deposits up to 2 days earlier with direct deposit*
  • Easy eligibility and quick application process
  • Send paper checks from mobile app
  • Fee-free overdraft up to $200 for eligible members1

What we don't

  • No physical branches
  • No interest on balance

Chime is a financial technology company, not a bank. Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC.

1Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month. All qualifying members will be allowed to overdraw their account up to $20 on debit card purchases and cash withdrawals initially, but may be later eligible for a higher limit of up to $200 or more based on member's Chime Account history, direct deposit frequency and amount, spending activity and other risk-based factors. Your limit will be displayed to you within the Chime mobile app. You will receive notice of any changes to your limit. Your limit may change at any time, at Chime's discretion. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. SpotMe won't cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. See Terms and Conditions.

*Early access to direct deposit funds depends on the timing of the submission of the payment file from the payer. We generally make these funds available on the day the payment file is received, which may be up to 2 days earlier than the scheduled payment date.

Easy to use mobile app

$0

Monthly Fee

0%

Est. APY

Overview

Current is a financial technology company that provides banking services through Choice Financial Group, a member of the FDIC.

What we like

  • Free overdraft up to $200
  • No hidden fees
  • Fast direct deposits
  • Cashback rewards
  • Easy to use mobile app
  • Get paid up to 2 days earlier

What we don't

  • Savings account APY limited to first $6,000
  • No physical branches

Current is a financial technology company, not a bank. Banking services provided by and Visa® Debit Card issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa U.S.A. Inc and can be used everywhere Visa debit cards are accepted.

Teen accounts do not earn points

The Annual Percentage Yield (“APY”) for Current Interest is variable and may change at any time. The disclosed APY is effective as of April 1, 2022. No minimum balance required. Must have $0.01 in Savings Pods to earn Current Interest on up to $2000 in deposits per Savings Pod up to $6000 total. Please refer to Current Interest Terms and Conditions

Out of network cash withdrawal fees, third-party, and adding cash fees may apply.

Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer’s submission of deposits.

Please refer to Overdrive™ Features Terms and Conditions.

Extensive branch and ATM access throughout the nation

$0 - $12

Monthly Fee

0%

Est. APY

Overview

Chase provides you with an easy-to-use online banking and mobile app service to help you manage your account day-to-day. In addition, with branches across the U.S., you can receive personalized support at a location convenient for you.

What we like

  • Extensive branch and ATM network
  • Online banking and mobile app services
  • $0 minimum deposit requirement
  • $12 monthly fee can be waived
  • Send and receive money with Zelle

What we don't

  • No ATM fee reimbursements
  • Overdraft and insufficient funds fee

Full service online banking

$0

Monthly Fee

1.25%

Est. APY

Overview

This checking account is great because you won't have to worry about paying monthly fees if your balance goes to $0. Not only that, Axos Bank reimburses fees charged by domestics ATMs. When opening an account, you only need to deposit $50 to open it but it can be removed without any issues and fees. To get the high APY, you need to deposit $1000+ monthly and make 15 debit card transactions a month.

What we like

  • No monthly service fee
  • No minimum deposit for no fee
  • Competitive interest rate
  • Unlimited ATM fee reimbursements
  • Full service online banking

What we don't

  • No physical branches
  • Conditions to qualify for higher APY

Socially-conscious and sustainable financial services

$0 - $7.99

Monthly Fee

3.00%

Est. APY

Overview

Aspiration guarantees that none of the funds is ever used to fund fossil fuel projects or non-environmentally friendly projects. Aspiration’s acute focus on environmentally friendly practices will align with your views if you are environmentally conscious.

What we like

  • Funds socially responsible projects
  • No hidden fees
  • Up to 5% cashback on select merchants
  • User friendly mobile app
  • High APY

What we don't

  • $1000/m spend required to get APY
  • Cashback limited to few merchants

No monthly service and maintenance fees

$0

Monthly Fee

1.10%

Est. APY

Overview

Quontic helps maximize your savings, while managing everyday finances, by paying a high rate on your entire account balance. To qualify for the interest rate, you have to make a minimum of 10 qualifying point of sale debit card transactions that are at least $10 each, per statement cycle

What we like

  • No monthly service fee
  • No minimum deposit for no fee
  • High interest rate
  • Expansive no-fee ATM network
  • Full service online banking

What we don't

  • Minimum deposit of $100 to open account
  • Condition to qualify for interest