Best Digital Banks (2026)

Bank smarter with the best digital banks offering no-fee accounts and high-yield savings.

5 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

SoFi

Rating: 4/5 | Editor's Choice | Pricing: No fees

All-in-one fintech platform with banking, investing, loans, and financial planning.

  • All-in-one financial platform (bank, invest, loans)
  • Commission-free stock and crypto trading
  • Competitive savings APY (up to 4.00%)

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

Chime

Rating: 4.2/5 | Pricing: No fees

Fee-free mobile banking with early direct deposit and automatic savings.

  • Zero monthly maintenance fees, overdraft fees, foreign transaction fees, and minimum balance fees.
  • Early direct deposit, allowing access to paychecks up to two days sooner than traditional banks.
  • Automatic savings features like Round Ups and a high-yield Savings Account to encourage financial growth.

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, SoFi is our top pick with a rating of 4/5.

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 SoFi compare to Ally Bank?

SoFi (4/5) and Ally Bank (4.5/5) are both top-rated. Read our detailed comparison for a side-by-side breakdown.