Contributor, Benzinga
Updated: August 5, 2022

Quick Look at the Best Banking Apps:

  • Best for Managing Money: Current
  • Easiest to Use: MoneyLion
  • Best for Online Banking: Chime
  • Best for Checking Accounts: Chase
  • Best Customer Service: Wells Fargo
  • Best Virtual Wallet: PNC
  • Best for Credit Score Checks: Discover

Do you do all your banking the old-fashioned way — at the bank? Sure, you can stand in line every time you need to deposit a check, but there’s an easier way. Why not use a banking app and carry your banking information on your device 24/7? We’ve done the heavy lifting for you, so check out our research on the best banking apps and all the best features for each one.

Best Banking Apps Ranked

We’ve reviewed dozens of mobile banking apps and have analyzed user reviews, features and ratings and have chosen the best of the best.


    More Details
    Best For
    Managing Money
    Overall Rating
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    securely through's website
    More Details allows anyone to open an account and register for a Visa debit card, offering a range of unique features, including:

  • Fee-Free overdraft up to $100
  • Fee-Free in-network ATM usage
  • Instant gas hold removals
  • No hidden or overdraft fees
  • No minimum balance requirement

Plus, when you arrange for direct deposits from your employer, you can get paid up to 2 days earlier. Add cash to your account at one of 60,000 partner stores where all the cashier has to do is scan a barcode—you no longer need to find your nearest bank branch (a small fee applies). has a powerful mobile app that lets you manage your account on the go. Also, it supports Google Pay for tappable payments through your mobile device. Send money to friends and family with Current Pay, and get instant spending notifications on your phone every time you swipe the card.

For your peace of mind, member funds are FDIC insured up to $250,000 through Current’s partner bank, Choice Financial Group. If you need some money for a rainy day, use savings pods and the “round-up” to save for specific purchases.

Finally, when you use the Current app, you can check the map to find all the locations where you can earn rewards with your card. After earning points on the card, you can redeem those points for cash at the locations found in the app.

2. MoneyLion

  • MoneyLion
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    Best For
    Prizes & Features
    Overall Rating
    Read Review
    securely through MoneyLion's website
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MoneyLion is America’s Best Digital Bank according to Finovate, and the easy-to-use app received a 4.7/5 Apple Store rating. 

MoneyLion’s app offers digital banking, credit builder loans, interest-free cash advances, and managed-investing. There are no account minimums, no credit checks, and no hidden fees.

The MoneyLion app also has a financial fitness tracker called the Financial Heartbeat that helps you monitor your spending and save money.

This app is available both in the iOS app store and the Google Play store with the ability to download for free. After you have the app, you have the ability to unlock a suite of personal finance tools that can help set you up for success.

MoneyLion, a free online banking app, provides much more than just that. They have a network of over 55,000 ATMs, budget tracking tools, and even rewards or cashback offers for Credit Builder Plus members.

3. Chime

  • Chime
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    Current APY
    Minimum balance
    securely through Chime's website
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    *Early access to direct deposit funds depends on the timing of payer’s submission of deposits. Chime generally posts such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.

Chime is an online bank that offers checking accounts and savings plans and its mobile app garnered more than 15,000 5-star Apple Store reviews. Chime’s banking app features a lime-and-white-colored screen with easy-to-see icons for accounts you’re connected to as well as icons for recent transactions such as direct deposits and withdrawals.

You can get your paycheck 2 days early with direct deposit, there are no overdraft fees and you’ll also get real-time notifications for every banking transaction.

4. Chase Bank

  • Chase Bank
    More Details
    Current APY
    Minimum balance
    No minimum balance required
    securely through Chase Bank's website
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    *We won’t charge an overdraft fee if you are overdrawn $50 or less at the end of the business day.  Chase may pay, for a $34 fee, overdraft transactions at our discretion based on your account history, deposits and  transaction amount. If you’ve enrolled in  Debit Card Coverage, everyday debit card purchases like groceries,  may be approved at our discretion when you don’t have enough money in your account.

Chase’s mobile banking app appeared in 2010, so the company has had almost 10 years to fine-tune it.

Out of 1,472,959 reviews on the Google Play Store, the app’s average rating is 4.5 stars.

Chase’s app is easy to navigate and will sign you out if you’ve been inactive for more than a few minutes, which adds another layer of security to its features.

Other cool features involve one-touch sign-in, bill-pay with just a few taps and a feature called CreditWise, which allows you to monitor your credit score.

5. Wells Fargo

  • Wells Fargo | banking
    More Details
    Current APY
    Up to 0.03% on savings accounts
    Minimum balance
    securely through Wells Fargo | banking's website
    More Details

Wells Fargo’s mobile banking app was named a 2018 Mobile Banking Award winner by Javelin Strategy and Research, an independent financial research firm.

The study ranked apps based on money movement, ease of use, security empowerment, financial fitness, customer service and account opening. Wells Fargo’s app is easy to read because it features big, bold words at the top of your screen for each function.

When you click on a “Control Tower” button, you can view recurring payments and manage account access easily. You’ll also get bill pay technology as well as facial and voice recognition authentication.

6. PNC

  • PNC | banking
    Current APY
    Virtual Wallet Reserve 0.01%Virtual Wallet Growth 0.03%
    Minimum balance
    $500 to $5,000
    securely through PNC | banking's website

PNC’s mobile banking app received a 4.8/5 Apple Store rating and has been named the best mobile banking app by several independent organizations.

PNC’s online Virtual Wallet is an online tool that gives you access to 3 accounts: Spend (checking), Reserve (short term savings) and Growth (savings).

It’s an app within the app and even includes a bill pay calendar so you can easily plan and schedule bills you pay each month. You can split PNC credit card transactions with Zelle.

7. Discover

According to Consumer Affairs, Discover’s credit card app received top honors in a J.D. Power & Associates survey.

You can also check your credit score with Quick View and Freeze ItSM allows you to freeze your accounts if you misplace your card.

If you’re constantly busy (who isn’t?), you can do on-the-go bill payments with just one tap.

Why Use a Banking App?

The thought of downloading one more app may sound daunting, but think of the advantages a banking app can offer — they’re great for tracking deposits, bill payments and checks. Here are some reasons they’re a great idea, just in case you’re on the fence.


Chances are, you’re already signed up for online banking — even if you don’t have a banking app yet. Using an app means you won’t have to go through the extra steps of logging into your computer and accessing your online banking account. You can simply tap the app, and if your login information is saved, you’ll be automatically logged in. If you need to transfer funds from one bank account to another, a banking app makes that transaction easy.


Using a bank app will save you time, especially with bill pay options at your fingertips. Imagine paying your home insurance bill in just a few seconds.

You won’t have to drop a check in the mail and mail it 5 to 7 days ahead of time. If your car payment is due on the 15th of the month, you can pay it on the 14th or 15th instantly and know that your payment won’t be late.


Banking institutions are federally insured, so all banking products, including banking apps, are as well. This means you shouldn’t have any worries about identity theft or other security issues. If a security breach occurs or your account is compromised, you’ll be reimbursed after notifying your bank, filling out forms and providing appropriate support documentation.

Watch out for fake mobile banking apps that mimic major apps. Here are a few ways to be sure you’re downloading the real thing:

  • Use trusted sources like Google Play Store and Apple’s App Store.
  • If you’re unsure or something doesn’t look right about the app’s site, call the customer service number and ask questions.
  • Use two-factor authentication if it’s available and be sure to install strong virus protection to guard against malware.


Most banks don’t charge a fee for mobile apps, so if there’s no extra cost, why not give it a try? If you don’t like it, you can always remove the app from your smartphone or another mobile device.

More People Are Using Banking Apps

In general, most people conduct a good portion of their banking using a mobile device. The Federal Reserve Board indicated in a study that 82% of mobile bank users have installed a banking app on their phones for a variety of reasons:

  • Convenience
  • Bank started offering the service
  • Comfortable with the security of mobile banking
  • No bank or ATM near home or work
  • Want to receive fraud alerts or check accounts for fraudulent transactions

How Banking Apps Work

It’s easy to download a mobile banking app. Simply go to the Google Play Store or visit your bank’s website and search for a link to download the app. Once downloaded, you can easily set up your username and password.

After it’s downloaded, you’ll be able to access your banking info by tapping the app icon and logging in. In most cases, you should be able to save your login information so you can log in with just one tap.

Once you’re logged in, you can select different functions from the menu such as “Check your Balance,” “Pay Someone,” “Pay a Bill,” “Download a Statement,” “Transfer Money” and much more.

Features of the Best Banking Apps

In addition to traditional features, many banks add on extras to stay competitive and keep your business.

Personal Financial Assistants

You’ll get a voice-activated virtual financial assistant through many banking apps which can offer support 24/7 and get your questions answered at any time. You can lock and unlock your debit card, send money to your friends, schedule bill payments, find past transactions and more through the personal financial assistant feature.

For example, let’s say you’re using Bank of America’s Erica. You can give voice commands, such as, "Erica, lock my debit card," or "Erica, how much did I spend at Target on Friday?"

Deposit Checks

Many banks offer virtual check deposits, which saves you a trip to the bank. You simply take a photo of both sides of your check with your smartphone, upload it via your bank app and it’s deposited virtually.

Facial Recognition and Fingerprint ID

Some banks now offer facial recognition and fingerprint ID features, adding a higher layer of security for consumers. Looking into your phone’s camera is the only way you’ll gain access to your banking information. You can also use fingerprint ID by holding your finger onto a button on the app.

You Deserve the Best Mobile Banking App

You have different financial needs and lifestyles than your best friend or next-door neighbor, so you’ll need to pick the app that works best for you. If the idea of a virtual financial assistant sounds appealing, Bank of America or Ally may be good choices. Do you frequently make payments using Zelle? You’ll want to choose an app that uses it, such as Chase Bank.

Of course, using any app or online tool has its risks, so you need to make sure you use more than one layer of security in order to ensure the highest protection possible. Create a unique, hard-to-guess username and password and add security questions that only you’ll be able to answer.

Interested in learning more about banking? Check out Benzinga's guides to on how to switch banks, how to open a bank account and the best checking accounts.

Frequently Asked Questions

What factors do you need to consider in a mobile banking app?

You want speed, security and convenience in a mobile banking app.

What are the best mobile banking apps?

Benzinga recommends Chime, MoneyLion and Discover.

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