How MemoryBank’s checking account compares

MemoryBank’s checking account is consistently on our list of the best online checking accounts with the highest rates. Like most of its competitors, MemoryBank’s checking account has a low opening deposit and no monthly maintenance fees. Its app — highly rated on both the iTunes App Store and Google Play — appears more intuitive to use compared to others, and MemoryBank offers a rewards program that some of its competitors do not.

But where this account falls short are with some of its fees. While MemoryBank doesn’t charge any ATM fees, its checking account doesn’t offer ATM fee refunds like some of the other online banks do. Considering that MemoryBank has about 85,000 surcharge-free ATMs in its network, it shouldn’t be a problem, but you never know.

If you’re after the best rates offered for a checking account, MemoryBank is a great choice.

How MemoryBank’s money market account compares

MemoryBank’s new offering is on par with some of the best out there on our list of the best money market accounts. It’s got one of the highest rates, a low minimum opening deposit and practically no fees.

Perhaps the only shortcoming of the account is that it doesn’t offer ATM access and provides limited check-writing capabilities. If either of these is important to you, you may want to look elsewhere.