To create this list, Forbes Advisor analyzed 29 different checking accounts at 10 financial institutions. We ranked each account on 15 data points within the categories of premium features and benefits, fees, minimum requirements, customer experience, digital experience, in-person access and APYs.
The following weightings were applied to each category:
- Fees: 20%
- Minimums: 20%
- Premium features and benefits: 15%
- Customer experience: 15%
- Digital experience: 15%
- Access: 10%
- APY: 5%
Individual data points considered were monthly service fees and the ability to waive them, overdraft fees and ATM fees; minimum opening deposit and minimum ongoing balance requirements; BBB and Trustpilot ratings, live chat availability and 24/7 customer service; App Store and Google Play mobile app ratings; and the number of ATMs and in-person branches.
Only accounts offering exclusive perks at the premium banking level were included in our research. When applicable, all tiers within relationship banking programs were analyzed to identify those offering the most benefits for the balance and activity requirements. Accounts with more perks, fewer fees, lower minimums and larger branch and ATM networks ranked higher.
To learn more about our editorial process and rating and review methodology, read our guide on How Forbes Advisor Reviews Banks.
