The Best Apps for Mobile Banking Don’t Cost a Thing


You’ve got a check to deposit, you need to transfer some money to a friend, and you’re also looking to open a new checking account. You need to hit the bank to get all of that done, right? Not necessarily. Have you looked into mobile banking?

With the best mobile banking apps, you can handle a huge amount of normal banking tasks right from your phone. Looking for a new checking account? Apply online! Need to deposit a check? You can handle that from a mobile banking app. The list goes on! You can see how these apps could be a huge help.

But, which mobile banking apps are truly the best? Let’s take a look.


Ally’s mobile banking app is one of the best you’ll find. You can deposit checks from your phone, transfer money to your friends through Zelle, and pay your bills all from the app. The user interface is extremely crisp and clear, and it’s easy to find the functions you’re looking for.

What’s more, the service’s checking account is free. You don’t earn any interest on your balance, but that’s to be expected for a service this straightforward. The savings account offered through this service is exceptional, offering a great interest rate to help you save toward your money goals.


Another highly-rated mobile app for banking is Varo. Like Ally, the accounts through Varo have no monthly fees. This service also offers early direct deposit, allowing you to collect your paycheck a few days early. This can be a huge help when you’re a bit short on cash and looking to cover your bills.

Also like Ally, Varo’s user interface is great. The app is available on both iOS and Android devices, and customers who qualify can get access to great interest rates on the savings account that is offered through the app.

Bank of America

If you’d rather go with a bank that has an established physical presence, too, then the best mobile banking app you can find is Bank of America. Bill pay and mobile check deposit are both available through their app, and you can schedule in-person appointments through the app itself.

Additionally, it’s a lot easier to deposit cash with this app. All you need to do is go to a Bank of America location and deposit it through a bank teller. With app-only services, there’s usually a fee to deposit cash. Thankfully for Bank of America users, this isn’t the case when your app is connected to a brick-and-mortar store.