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The Best Joint Checking Accounts Available Anywhere

The Best Joint Checking Accounts Available Anywhere

Best Joint Checking Accounts

A joint account is preferred over two separate accounts in many cases. From a bank’s point of view, it is not a very profitable deal and that’s why most banks do not offer the option.

I have reviewed the offerings and tried to find out the best joint checking account available to any US citizen. This means all of these banks have an online banking facility.

Platinum Checking Account (Bank Of Internet USA)

While finding the best joint checking account available anywhere, I have considered Bank of Internet USA only for the reason that it is an online only bank and available in every corner of the USA. You will find details about opening a joint checking account on the bank’s checking account FAQ page.

The Platinum Checking Account offers the following features:

·         An APY of 0.71% on $5000+ balances.

·         Unlimited check writing

·         Optional overdraft protection

·         A Visa debit card, completely free

·         Cash-back rewards on purchases available

·         Multiple deposit options

·         Minimum opening deposit is $100 but can be higher in case of joint account.

·         There is no monthly maintenance fee.

Clear Sky Checking Account (Chesapeake Bank)

In my opinion, this checking account also has the potential to become the best joint checking account available anywhere. You can open a Clear Sky Checking Account jointly with another person, who is at least 14 years of age and a USA citizen. This is another purely online bank, available anywhere to US citizens.

The checking account  offers some very good features:

·         Mobile banking, e-statements etc.

·         A customizable Visa Check card.

·         Each month, up to $20 is reimbursed for ATM withdrawals.

·         Free identity theft protection, which can be extended to family members also.

·         Option to open a savings account.

·         Interest is paid on balances according to tier system. Minimum is 0.25%.

·         Minimum amount to open an account is $1.

·         Multiple deposit options.

·         There is limits on daily ACH transfer.

Joint Checking Account (Century Bank Direct)

This checking account can be opened jointly if both the account owners are at least 18 years old and are US citizens. The joint accounts can only be used for personal purposes. The bank operates online also and that’s why I have considered this account in choosing the best joint checking account available anywhere.

Here are the features of the joint checking account:

·         An APY of 0.54% on balances up to $50,000.

·         Amount required to open is $100.

·         No minimum balance requirement.

·         Free online bill pay, monthly e- statements etc.

·         Associated Visa Check or ATM card

·         Multiple deposit and withdrawal options, bank-to bank transfer is not allowed.

·         Each month, up to $20 is reimbursed for ATM withdrawals.

·         Unlimited check writing.

Interest Checking Account (Ally Bank)

Ally Bank is available to any US citizens, if they have an internet connection. You can open a joint checking account with Ally Bank or two Ally Bank single checking accounts can be merged to make a joint account. Then why not consider Ally Bank joint checking account as the best joint checking account available anywhere?

Some of the promising features of Ally Bank joint checking account are:

·         For higher balance (> $15,000) the APY is as high as 0.60%.

·         No minimum to open.

·         No monthly fees.

·         Good customer support.

·         Up to $10 each month is reimbursed for ATM withdrawals.

·         Debit Master card and checks.

·         Multiple deposit and withdraw options.

Yield Pledge Checking (Ever Bank)

Checking accounts with Ever Bank can be opened jointly as a survivorship account or as a custodial account. Headquartered in Jacksonville, Florida, the bank serves US citizens mostly through its online banking option. Moreover, the features of its Yield Pledge Checking account are very beneficial. I believe, it has the potential to become the best joint checking account available anywhere.

Yield Pledge Checking features:

·         Unlimited ATM reimbursement with a minimum balance of $5000.

·         Minimum $1500 to open an account.

·         Apple Pay compatible debit card.

·         Interest is earned according to tier system, minimum APY is 0.95%.

·         Multiple deposit and withdraw options.

iGOchecking Joint Account (iGOBanking.com)

iGOBanking.com should also be considered as the best joint checking account available anywhere. It is a purely online bank available anywhere in the USA. But to open a joint account you have to download the form, fill it manually and then mail it to the given address. Both account owners must sign the form.

Here are some features of iGOchecking Joint Accounts:

·         iGO debit card  for ease of purchase.

·         Online bill pay, e-statements.

·         No paper checks available.

·         No monthly charge, no minimum balance requirement.

·         Minimum to open account is $1.

·         An APY of 0.25% applies to any balance.

Now, which is really the best joint checking account available anywhere? I will say one and only Ally Bank Interest Checking Account, with high yield and less restrictions. Which one you’ve chosen?

Next, I have made a comparison of single account and joint account to help you decide whether a joint checking account is just right for you.

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