Compare digital-first banks with no fees, early direct deposit, and innovative features.
| Neobank | Savings APY | Early DD | ATM Network | Best For |
|---|---|---|---|---|
| Chime | 2.00% | Up to 2 days | 60,000+ free | Most popular |
| SoFi | 4.00% | Up to 2 days | 55,000+ free | Best APY + full suite |
| Current | 4.00% | Up to 2 days | 40,000+ free | Teens & families |
| Varo | 3.00% | Up to 2 days | 55,000+ free | Actual bank charter |
| One | 3.00% | Up to 2 days | 55,000+ free | Auto-save features |
| Revolut | 1.50% | No | ATM fees vary | International |
14+ million customers. No fees, no minimum balance. SpotMe overdraft up to $200. Build credit with Credit Builder card.
4% APY on savings. Full financial suite: loans, investing, crypto. $250 bonus with direct deposit. Best overall.
4% APY with direct deposit. Teen accounts available. Gas station savings. Points on debit purchases.
Actual bank (not just fintech). Up to 5% APY with requirements. Varo Advance up to $250. No minimum balance.
Most neobanks partner with FDIC-insured banks, so your deposits are protected up to $250,000. Varo is a rare neobank with its own bank charter.
SoFi - 4.00% APY with direct deposit. No minimum balance. Full FDIC insurance. Also offers loans and investing.
Chime - SpotMe covers overdrafts up to $200 with no fee. No NSF fees ever. Most popular neobank in the US.
Current - Teen accounts with parental controls. Set spending limits, instant allowance, real-time notifications.
Varo - Only neobank with a full bank charter. Your money is directly FDIC insured, not through a partner.
Most neobanks require SSN to open an account. However, there are options for immigrants:
If you don't have SSN, most neobanks won't work for you. Your best options are traditional banks that accept ITIN like Chase, Bank of America, or Wells Fargo. Once you have SSN, neobanks become excellent choices for avoiding fees.
