Best banks for joint bank accounts
BEST FOR: APY REFUND AND HIGH ATM
Alliant High Throughput Verification – 0.25%
Alliant offers joint account holders access to convenient online banking with no monthly service fees and a wide range of financial products. Alliant is an online-only credit union based in Chicago, but any couple can qualify to become a member. You can do your banking from anywhere using the highly rated mobile app or thousands of fee-free ATMs. Additionally, there are no deposit or minimum balance requirements. The bank offers a competitive APY if you opt for paperless statements and at least one recurring direct deposit. Alliant also reimburses ATM fees up to $20 per month.
BEST FOR: APY REFUND AND HIGH ATM
Verification of allies’ interest – Up to 0.25%
Ally offers one-stop banking services for joint account holders. In addition to offering a high APY with virtually no fees, Ally offers thousands of Allpoint ATMs with no fees. Ally also reimburses ATM fees up to $10 per statement cycle. Also, there are no minimum deposit and balance requirements, and in 2021 they eliminated all overdraft fees. The bank offers an above average APY on all balances.
BEST FOR: HIGH APY AND UNLIMITED GAB REFUND
Axos Bank Rewards Verification – Up to 1.00%
Couples can open a Standard Joint Account, Joint Rewards Account, or Joint Cash Back Account. In addition to no monthly fees and a competitive APY, business owners can use Axos small business products and commercial lending and banking services. Additionally, Ally offers unlimited refunds at domestic ATMs, and there are no minimum balance requirements, no overdraft fees, and no NSF fees. Axos has a minimum deposit requirement of $50 and you must make recurring direct deposits to earn interest.
BEST FOR: PARENTS AND TEENS
Capital One MONEY Teen Account – 0.10%
Minors and students don’t have access to any monthly fees, and parents or guardians can manage minors’ accounts in real time. Capital One has over 70,000 free ATMs. Parents and teens have their own mobile app IDs for the MONEY account. Teens can manage their money, while parents have visibility and control features. Capital One offers debit cards for children as young as 8 years old. The bank has 450 locations and 41 Capital One cafes, where students can bank, grab a cup of coffee, and get advice from a certified financial coach. Additionally, there are no deposit or minimum balance requirements, no foreign transaction fees, and no overdraft fees. Capital One also offers Advance Direct Deposit, where select employed students can access their paycheck up to two days early.
BEST FOR: CASH BACK
Discover Cashback Debit – 0%
Couples looking for a rewards account can consider Discover’s Joint Cashback Debit Account. Joint account holders earn 1% cash back on up to $3,000 in debit card purchases each month. Couples who don’t want a credit card can still earn cashback. Each joint account holder can use their debit card to maximize their rewards. Discover has over 60,000 free ATMs. Additionally, there are no minimum deposit and balance requirements, and customers who sign up for optional overdraft protection will not be charged an insufficient funds fee (NSF).
BEST FOR: CASH REFUND AND ATM REFUND
Checking LendingClub Rewards – Up to 0.15%
LendingClub offers couples unlimited refunds on transactions made with a debit card. In addition to rewards, couples can access savings, CDs, personal loans, mortgages, student loans, and business banking products. LendingClub offers unlimited refunds at domestic and global ATMs. Couples looking to travel and want to avoid international ATM fees will want to consider LendingClub. There are no minimum balance requirements, no overdraft fees, no NSF fees. LendingClub offers 1% cash back on debit card purchases. There is a minimum balance requirement of $2,500 to earn interest and cash back.
BEST FOR: BITCOIN REWARDS
Quontic Bitcoin Rewards Verification – 0%
Crypto-loving couples can consider Quontic Bank’s Bitcoin Rewards Verification. There is a minimum deposit requirement of $500, but joint account holders can earn BTC passively using their debit card. Quontic has over 90,000 free ATMs. There are no minimum balance requirements, no overdraft fees and no NSF fees.
BEST FOR: UNLIMITED ATM REFUNDS AND NO OVERSEAS TRANSACTION FEES
Schwab Bank High Yield Investor Verification – 0.03%
Couples who like to travel will want to consider Schwab Bank’s High Yield Investor Current Account. This free current account is available for Schwab brokerage clients. Schwab offers unlimited refunds at domestic and international ATMs. Schwab also does not charge foreign transaction fees. Additionally, there is no minimum deposit requirement and no minimum balance requirement.
BEST FOR: ATM NETWORK AND ATM REFUND
TIAA Bank Yield Pledge® Verification – 0.10%
Couples who have an investment account with TIAA may consider opening a joint bank account with TIAA. TIAA has over 80,000 fee-free ATMs and also reimburses ATM fees up to $15 per statement cycle. (However, customers must maintain a minimum balance of $5,000 to qualify for the refund.) Additionally, there is no minimum deposit or minimum balance, and no NSF fees. The bank will also guarantee that the APY will be in the top 5% of “competitor accounts”.