Are you in the market for a new checking account? Maryland has over 80 different banks and hundreds of branches. Whether you are looking to switch banks or open an account for the first time, there are plenty of options to choose from in Maryland.
Banking your money gives you better control over your income. It allows you to leap into the world of financial success. With so much importance attached to a checking account, it is important to select one best suited for your financial needs.
Start by determining your individual preferences and banking habits. Knowing what you want will help you narrow down your options. For example, if you prefer using your smartphone for most of your banking transactions, narrow down your options to checking accounts with the most advanced mobile app. Shop around and gather information on the fees and features of the available options.
Choosing the right checking account can be challenging. Lucky for you, we have done most of the hard work for you. We reviewed some of the available options and selected some of the best checking accounts in Maryland. Take a look at our selected options to find your match today!
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, up to 1.25%, you need to deposit $1000+ monthly and make 15 debit card transactions a month.
|$1 - $150,000||1.25%|
This checking account pays a 0.10% APY on balances under $25,000 and offers $30 per month in reimbursements from out of network ATM fees and no fees for in network.
There is no monthly fees for the checking account, and you need to deposit $100 to open an account, which can be removed after with no monthly charges.
|$1 - $24,999.99||0.10%|
Empower is a personal finance app that helps you to take control of your money. It allows you to track your spending, find savings in your budget and provides a flexible interest checking account. It has been recommended by Forbes, Time Magazine, and Apple as ‘Best Tech Apps to help you Save, Invest and Manage Finances,’ and ‘New Apps We Love.’
Empower’s checking account does not have minimum balance requirements or minimum first deposit. It offers an estimated APY of 0.20%, which is fairly competitive and comes with a Visa debit card, 24/7 notifications, and unlimited transfers. Also, Empower will float a cash advance of up to $250 when you need it with no interest, late fees, or credit checks.
There are no overdraft fees, insufficient funds fees, and it will reimburse up to three ATM fees per month, up to $10 each time. There is an $8 monthly fee, but access to the budgeting tools and Autosave features might be worth it.