Best Checking Accounts in Oregon of October 2021

Katie Stiner

Oregon has hundreds of banks operating within the state. These banks provide a wide range of checking accounts to the residents.

Not all checking accounts are the same. Before opening a checking account, do a bit of research to understand the various benefits, requirements, and options available. 

Consider your individual preferences and banking habits when choosing a checking account. Also, consider the fees and features. The aim is to choose a checking account that is the best match for your financial needs.

Given the wide range of checking accounts, deciding on the right choice can sometimes be quite difficult. To find out which checking account in Oregon is best, you will have to compare them. Start with WalletBrain’sreview of some of the best checking accounts in Oregon to find your match today.

Axos Bank Rewards Checking Account

axos bank logo
5

$0

Monthly Fee

$50

Min. To Open

1.00%

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, up to 1.25%, you need to deposit $1000+ monthly and make 15 debit card transactions a month.

What we like

  • No monthly fee or minimum deposit to avoid fee
  • No domestic ATM fees
  • Available in all states

What we don't

  • No physical branch
  • No sign up bonus
  • Balances above $150,000 earn no interest

APY ranges

Range APY
$1 - $150,000 1.25%
$150,001+ 0%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$50
  • Min. Deposit For No Fee$0
  • Other Ways For No FeeN/A
  • Paper Statement Fee$5
  • Overdraft Fee$0
  • Negative Balance FeeUnknown
  • RewardsNone
  • State RestrictionsNone

ATM & Debit Card

  • In-Network Domestic ATM Fee$0
  • Out-Network Domestic ATM Fee$0
  • ATM Owner Surcharge RebateOffered
  • Foregin ATM Fee1%
  • Debit Card Foregin Fee1%
  • Debit CardVisa

CIT Bank eChecking

cit bank logo
4.5

$0

Monthly Fee

$100

Min. To Open

0.10%

Est. APY

Overview

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.

What we like

  • No monthly fees
  • $30 monthly owner surcharge rebate
  • No charges on incoming wire transfer

What we don't

  • No sign up bonuses
  • No physical branch locations
  • To earn higher APY, need $25,000+ balance

APY ranges

Range APY
$1 - $24,999.99 0.10%
$25,000+ 0.25%

Account Fees & Information

  • Monthly Fee$0
  • Min. To Open$100
  • Min. Deposit For No Fee$0
  • Other Ways For No FeeN/A
  • Paper Statement FeeNot Offered
  • Overdraft Fee$30
  • Negative Balance FeeUnknown
  • RewardsNone
  • State RestrictionsNone

ATM & Debit Card

  • In-Network Domestic ATM Fee$0
  • Out-Network Domestic ATM Fee$0
  • ATM Owner Surcharge Rebate$30 month
  • Foregin ATM Fee1%
  • Debit Card Foregin Fee1%
  • Debit CardMastercard

Empower Finance

empower finance logo
4.5

$8

Monthly Fee

$0

Min. To Open

0.01%

Est. APY

Overview

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.

What we like

  • No minimum to open
  • User-friendly app
  • Track spending and auto save feature
  • Offers budgeting tools

What we don't

  • Limited ATM network
  • High monthly fees
  • No mobile check deposit

APY ranges

Range APY
$1+ 0.20%

Account Fees & Information

  • Monthly Fee$
  • Min. To Open$0
  • Min. Deposit For No Fee$0
  • Other Ways For No FeeN/A
  • Paper Statement FeeNone
  • Overdraft FeeNone
  • Negative Balance FeeNone
  • Rewards1% Cashback
  • State RestrictionsNone

ATM & Debit Card

  • In-Network Domestic ATM Fee$0
  • Out-Network Domestic ATM Fee$0
  • ATM Owner Surcharge RebateOne per month
  • Foregin ATM FeeN/A
  • Debit Card Foregin Fee1%
  • Debit CardVisa Debit Card