Ally Bank
Rating: 4.5/5 | Pricing: Free (no monthly fees)
Online-only bank with high-yield savings, no fees, and excellent customer service.
- High-yield savings
- No monthly fees
- 24/7 customer service
Best Digital Banks (2026)
Bank smarter with the best digital banks offering no-fee accounts and high-yield savings.
3 tools tested | Updated monthly | Independent reviews
Buyer's Guide
Digital banks offer higher interest rates and lower fees than traditional banks by operating without physical branches. SoFi provides the best all-in-one experience (banking + investing + loans). Chime excels at fee-free banking for everyday consumers. Key considerations: APY on savings, fee structure, ATM network, FDIC insurance, and available financial products beyond basic checking/savings.
All Digital Banks Reviewed
Current
Rating: 4.1/5 | Pricing: Free / Premium $4.99/mo
Mobile banking platform with early direct deposit and cashback rewards.
- Early direct deposit
- Cashback at merchants
- Teen banking accounts
Varo
Rating: 4/5 | Pricing: Free (no monthly fees)
FDIC-insured neobank with high-yield savings and no-fee checking.
- Full bank charter
- High-yield savings
- No fees
Popular Comparisons
Our Testing Methodology
We evaluate digital banks by opening real accounts, testing deposit/withdrawal speed, measuring actual APY earned, evaluating ATM network accessibility, and testing customer support across channels. We verify FDIC/NCUA insurance and monitor fee changes quarterly.
Frequently Asked Questions
What's the best digital banks in 2026?
Based on our testing, Ally Bank is our top pick with a rating of 4.5/5.
How do we evaluate digital banks?
We evaluate digital banks by opening real accounts, testing deposit/withdrawal speed, measuring actual APY earned, evaluating ATM network accessibility, and testing customer support across channels. We verify FDIC/NCUA insurance and monitor fee changes quarterly.
Are your digital banks reviews independent?
Yes. While we may earn affiliate commissions, our editorial team tests every product independently. Ratings are never influenced by commercial relationships.
How often are reviews updated?
We re-test and update our digital banks reviews at least quarterly to ensure accuracy.
How does Ally Bank compare to Current?
Ally Bank (4.5/5) and Current (4.1/5) are both top-rated. Read our detailed comparison for a side-by-side breakdown.