Washington is the nation’s capital, and it houses hundreds of banks. These banks provide a wide range of checking accounts -both online and offline checking accounts.
When choosing a checking account, the aim is to find one best suited for your financial needs. The starting point is to take a critical look at your individual preferences and banking habits. Knowing what you want will help you narrow down your options and move you closer to finding the right choice. For example, if you prefer using your smartphone for all your banking transactions, then a checking account with a strong mobile banking app would be most suitable for you.
Other things to consider are convenience, fees, incentives, and customer service. Picking the right checking account can be very challenging. We reviewed some of the best checking accounts in Washington, those that stand out in different areas. Compare our top picks to find one that fits your financial needs.
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 1.00%, you need to deposit $1000+ monthly and make 15 debit card transactions a month.
|$1 - $150,000||1.00%|
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.