Compare Top Bank Accounts of February 2026

A checking account is typically used for gaining easy access to your funds. Withdrawals and deposits can be made through ATMs, debit cards, checks or online banking services.

Checking accounts are necessary for managing your daily banking needs. It provides multiple ways to access your money, such as mobile apps, ATMs or in-person banking. Having a checking account can help you stay organized, avoid fees from check-cashing services and work toward your financial goals.

Aim to keep enough in your checking account to avoid fees and cover one to two months of living expenses. This ensures you're prepared for unexpected expenses, like medical emergencies or job loss. Once you've covered these needs, move additional funds to a savings account for better interest rates.

Most standard checking accounts do not earn interest. However, some of the top-rated checking accounts from online banks might be a good place to start. These banks often offer higher rates due to lower overhead costs compared to traditional banks.

The number of checking accounts you should have depends on your personal financial situation. Some people find it helpful to have separate accounts for personal and business expenses, while others might open additional accounts to allocate funds for specific goals like travel or bills.