We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.
Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.
The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.
Written by
David McMillin
Edited by
Marc Wojno
Marc Wojno is a seasoned and accomplished finance editor and writer with more than two decades of experience editing and writing across a variety of news platforms including newswires, newsletters, magazines and online news sites.
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity , this post may contain references to products from our partners. Here's an explanation for how we make money .
Bankrate logoFounded in 1976, Bankrate has a long track record of helping people make smart financial choices. We’ve maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next.
Bankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. All of our content is authored by highly qualified professionals and edited by subject matter experts, who ensure everything we publish is objective, accurate and trustworthy.
Our banking reporters and editors focus on the points consumers care about most — the best banks, latest rates, different types of accounts, money-saving tips and more — so you can feel confident as you’re managing your money.
Bankrate logoBankrate follows a strict editorial policy, so you can trust that we’re putting your interests first. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Here is a list of our banking partners.
We value your trust. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. We maintain a firewall between our advertisers and our editorial team. Our editorial team does not receive direct compensation from our advertisers.
Bankrate’s editorial team writes on behalf of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines to ensure that our editorial content is not influenced by advertisers. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information.
Bankrate logoYou have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey.
Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers.
We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money.
Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories, except where prohibited by law for our mortgage, home equity and other home lending products. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range, can also impact how and where products appear on this site. While we strive to provide a wide range of offers, Bankrate does not include information about every financial or credit product or service.
Joint checking accounts are a great option for anyone who wants to manage everyday spending with another person – whether it’s a spouse, an older parent or a young child. In some cases, joining checking accounts have been specifically designed for two owners, while other standard checking accounts have appealing fee structures and benefits that make them equally great options for sharing with someone.
Here are Bankrate’s picks for the best joint checking accounts.
Note: Annual percentage yields (APYs) shown are as of July 25. Bankrate’s editorial team validates this information regularly, typically biweekly. APYs may have changed since they were last updated and may vary by region for some products. Bankrate includes only FDIC banks or NCUA credit unions in its listings.
Alliant Credit Union’s Teen Checking Account is a great fit for any parent who wants to be a member of a credit union and introduce their teen to the basics of budgeting. In addition to a solid mobile app, the account comes with somewhat of a rarity – free checks – to help your kids learn about the old-school method of writing and signing checks.
Why we like it No fees and a 0.25 percent APY.What to watch for You need to opt out of paper statements and set up a recurring direct deposit or transfer to earn interest.
Learn more: Alliant Credit Union reviewAlly offers the perks that come with online-only banks – above-average interest rates, minimal fees and robust tech features – and the bank’s Spending Account is a great option for merging finances. If you keep a bigger balance in the account, you’ll score a higher APY – 0.25 percent on balances above $25,000 – but you can still get 0.10 percent APY on lower balances. If you open a savings account at the bank, too, you can take advantage of a round-up tool to encourage savings for you and your joint account holder.
Why we like it No fees, plus up to $10 of out-of-network ATM fee reimbursements per statement cycle.What to watch for Ally does not accept cash deposits. If the two of you plan to regularly deal with physical dollar bills, this isn’t the place for you.
Learn more: Ally Bank reviewIf one of you is an existing American Express credit cardholder, the bank’s Rewards Checking account is a no-brainer. There are no fees and no minimum balance requirements, and you’ll earn 1.00 percent APY on your entire balance.
Why we like it 1.00 percent APY on all balances with no complicated tier structure. Plus, you’ll earn 1 Membership Rewards point for every $2 spent on your debit card.
What to watch for No cash deposits. And you’re only eligible to apply for this account if you have had an Amex credit card for at least three months.
Learn more: American Express National Bank reviewCapital One’s MONEY Teen Checking Account is a great option for parents who want to help kids who are at least eight years old begin to understand how to manage their money. Each party gets login credentials, and parents have control to lock the debit card if it’s lost (or if the child happens to be overspending). The child is the only one who receives a debit card – not the parent – so this is purely designed to help kids learn more about money.
Why we like it There are no fees or minimum balance requirements. Teenagers can manage their money while their parents have visibility and control.
What to watch for Your child can send money via Zelle if you enable the feature. Since Zelle transactions cannot be canceled, you need to be mindful of making sure they don’t send cash to the wrong person.
Learn more: Capital One Bank reviewIf you’re opening a joint checking account with a significant other, you’re going to need to think about more than what you’ll spend today – you’ll need to consider how to invest for tomorrow, too. Charles Schwab’s Investor Checking account is a step toward making that happen. You’ll be able to easily transfer money into your brokerage account to invest it, while enjoying easy access to funds for everyday spending.
Why we like it A 0.45 percent APY and no fees. Plus, Charles Schwab consistently ranks first among all online banks for customer satisfaction, according to J.D. Power. This account gives customers fee rebates for cash withdrawals all over the world.
What to watch for Planning to invest money is a much bigger step than simply sharing an account to pay the rent or plan for monthly dining out expenses. Open this account if you’re already married or firmly committed to a life together.
Learn more: Charles Schwab reviewChase can’t compete against the other names on this list when it comes to paying interest and offering checking rewards, but it does offer one potentially big benefit: a huge network of branches and ATMs. If you and your fellow account holder value access to in-person banking, the biggest bank in the country is worth a look. Plus, you can probably score a bonus for opening a new account.
Why we like it More than 4,700 branches and more than 15,000 ATMs for cash deposits, along with a sophisticated mobile app with built-in budgeting tools.
What to watch for No interest and a $12 monthly fee if you fail to make electronic deposits of $500 or maintain a balance of at least $1,500.
Learn more: Chase Bank reviewIf the two of you plan to use a debit card for regular spending, the LendingClub Rewards Checking offers major appeal: unlimited 1.00 percent cash back, which beats Discover Bank’s online checking account that caps cash back at $3,000 of monthly purchases. Plus, you can qualify to earn between 0.10 percent and 0.15 percent APY on your balance
Why we like it Unlimited ATM fee reimbursements and unlimited 1.00 percent cash back on debit card purchases.
What to watch for You’ll need a minimum balance of $2,500 to earn interest. And the highest APY requires a minimum balance of $100,000.
Learn more: LendingClub Bank reviewAppropriately named, the NBKC Everything Account combines checking and savings into one product that pays 1.75 percent APY. There’s a savings goal-setting tool, which is very valuable for couples. If you’re planning a big spring break vacation together, it’s a way to keep both of you on track.
Why we like it No fees and no minimum balance requirements.What to watch for You’ll earn more with the bank’s money market account, which currently pays 3 percent APY. Additionally, combining “everything” in an everything account can get messy. In many cases, it’s smart to keep a defined line between your spending and your saving accounts.
Learn more: NBKC Bank reviewPresidential Bank’s Advantage Checking earns a double take-worthy 4.62 percent APY on balances up to $25,000 (a lower APY kicks in after that threshold), which makes this a great option for managing spending money while earning interest. The bank has branches throughout the Washington, D.C. metro area, which is a bonus if you live nearby.
Why we like it The most competitive interest rate on a checking account we’ve seen.What to watch for There are a lot of caveats to consider including making a minimum of seven electronic withdrawals per month and a maximum of three checks per month.
Learn more: Presidential Bank reviewSoFi’s joint checking account automatically takes the next step in sharing finances: You also open a joint savings account at the same time. The checking account pays 0.50 percent APY – a very competitive offer in today’s checking landscape – while the savings account pays a 4.60 percent APY, which is also among the best savings rates available.
Why we like it There’s no minimum balance requirement to have SoFi Money. Plus a roundup feature that automatically transfers change to the nearest dollar with every debit card transaction to the savings account.
What to watch for The bonus offer is impressive – up to $300 – but you’ll need to arrange a direct deposit of at least $5,000 during the intro period. Otherwise, you may not earn any extra cash. What’s more, you must make monthly deposits of at least $500 to qualify for a higher APY, above traditional accounts, on cash and to earn cashback rewards on various brands and retailers.
Learn more: SoFi Bank reviewOpening a joint checking account can be a valuable step toward managing money with someone else. In some cases, that might be a significant other or spouse who you are working to save money, manage expenses and budget for the future. In others, it might be a child or teen who you want to help understand the basics of banking. In either case, joint checking accounts offer a way for both parties to have access to the funds.
Opening a joint checking account feels similar to opening an individual checking account, but instead, you’ll need to share personal details – name, address, date of birth, phone number, email address and Social Security number, for example – for both parties on the account. Depending on the institution, you may need to be able to meet a minimum opening deposit requirement.
When you’re comparing joint checking accounts, make sure you’re considering these key features:
Yes. Joint accounts – just like individual accounts – may pay interest. It’s up to individual banks and credit unions to determine whether an account earns interest.
Many banks and credit unions use bonus offers to attract new customers, and these promotions may vary throughout the year. As you compare options for joint accounts, do your research to compare offers for bonus cash. In most cases, you’ll need to perform some sort of qualifying activity to qualify such as setting up a direct deposit.
Overdraft protection is an optional service that many banks and credit unions offer that links a customer’s checking account with a savings account or a line of credit. If the balance of the checking account drops to zero while trying to make a payment, funds from the linked account will automatically transfer to make sure that the transaction clears.
Call the bank or credit union to learn about their policies for making changes to accounts. In some cases, you may be able to remove your own name from the account. In others, the two account holders may need to close the account entirely and set up individual accounts. Because both names are on the account, you’re both legally entitled to the funds, which can create some challenges in attempting to remove one name.
Bankrate’s editorial team is made up of five banking experts. These experts have researched numerous banks and at least twice a month review bank websites to make sure readers stay up to date on the latest rates and bank products.
We select banks that have high annual percentage yields, or APYs, and that are popular and broadly available, including some of the largest banks.
These financial institutions are featured in our checking account rate research: Alliant Credit Union, Ally Bank, Amerant Bank, America First Credit Union, American Express National Bank, Axos Bank, Bank5 Connect, Bank of America, Barclays, Bask Bank, BECU (Boeing Employees Credit Union), Bethpage Federal Credit Union, BMO, Bread Financial (formerly Comenity Direct), BrioDirect, Capital One Bank, Chase Bank, CIBC USA, CIT Bank, Citibank, Citizens, Citizens Bank (Rhode Island), Credit One Bank, Comerica Bank, Customers Bank, Delta Community Credit Union, Discover Bank, EverBank (formerly TIAA Bank), Emigrant Direct, Fifth Third Bank, First Citizens Bank, First Internet Bank, First Technology Federal Credit Union, FNBO Direct, Golden 1 Credit Union, Heritage Bank NA, Huntington National Bank, KeyBank, LegacyTexas Bank, Limelight Bank, Live Oak Bank, Morgan Stanley Private Bank, M&T Bank, Marcus by Goldman Sachs, MySavingsDirect, Navy Federal Credit Union, NBKC Bank, PenFed Credit Union, PNC Bank, Popular Direct, Quontic Bank, Randolph-Brooks Federal Credit Union, Regions Bank, Salem Five Direct, Sallie Mae Bank, Santander Bank, SchoolsFirst Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, Suncoast Credit Union, Synchrony Bank, TD Bank, Truist Bank, U.S. Bank, UFB Direct, U.S. Bank, USAA Bank, Vio Bank, VyStar Credit Union, Wells Fargo and Zions Bank.
