Best Online Bank Accounts with Instant Virtual Debit Cards

We hear about bank and bank account almost everyday and we know what it means but can we give a valid definition of what a bank account is? Well, a bank account is referred to as a special arrangement between you and your chosen bank to deposit and use money.

There are main categories of bank accounts which are a savings account and a checking account (or current account in some cases). Depending on the one that suits you best and what you want to do with the money, you can decide which type of bank account you want to open.

Opening a bank account can either be online or at a physical branch of that bank and you are able to obtain an online bank account with an instant virtual debit card.

Just like the traditional system of banking, an online bank account allows you to manage your account online using your tablet, laptop, computer or smartphone.

What is a Bank Account?

A bank account is a financial account maintained by a bank or any other financial institution in which the financial transactions that takes place between the bank and the customer is being recorded.

Every bank or financial institution sets the terms and conditions for each type of account that it offers and these accounts are mostly classified into deposit accounts, credit card accounts, loan accounts, current accounts, etc.

Best Online Bank Accounts with Instant Virtual Debits Cards

There are several bank accounts that you can open and obtain an instant debit card to begin enjoying the benefits of having money in your account.

You can quickly open an online bank account and receive an instant debit card, which you can receive at your physical address and activate according to the instructions. The bank accounts listed below can be opened online and will provide you with an instant debit card so take a look at these banks as listed below:

1. Capital One 360 Checking

This bank account charges you with a Zero monthly fee when you open an account. More to that, you are able to get 0.10% APY with a $0 minimum balance. But its unfortunate that you are not going to get any bonus when you open the account.

The bank is FDIC insured, which means that your money will be safe even if the bank fails. You will be able to access your funds through the bank's user-friendly app. You can also use the ATMs at the bank for free.

2. Axos Bank® Rewards Checking

When you open an Axos Bank Rewards checking account, you can get a 1.00% APY with a $0 minimum balance. An advantage of this bank is that it has $0 month-to-month costs, and also there are not any overdraft fees neither.

This financial institution is being offered 5 stars and be sure that it will serve you just as it suits you. Your money is safe since this financial institution is an FDIC member.

3. Varo Bank Account

Here comes one of the best online banks that you can make use for your everyday transaction activities and it has no hidden expenses like some other banks that will cut your funds without letting you know the reason for that.

This financial institution has no monthly fees, so you'll be able to save a lot of money. Unfortunately, there is no APY on the account's bank account. Again, the Varo bank Account does not offer a bonus when you open an account with them.

4. Discover Bank Cashback Debit

Nerdwallet gives this bank 5 stars because of its numerous features. It no longer has monthly fees, and with this account, you will be able to save a significant amount of money. There will be no bonus if you open an account with the bank.

You will, however, benefit from various features provided by the bank. Surprisingly, you will be able to earn cash-back rewards while using the card for various types of transactions. You can get 11 percent cash back on purchases of up to $3,000 with the debit card.

5. nbkc bank Everything Account

This bank account gives you a 0.15% APY with a $0 minimal stability to your price range and you are able to earn large quantities of money especially if you are the type that deposits large amounts of money.

More to that, the nbkc bank account has no month to month fees and the account does not also offer their customers with an account opening bonus.

Final Thoughts On 10 Best Online Bank Accounts with Instant Virtual Debit Cards

Note that when opening a bank account online, you have to ensure that you are using a secure internet connection which can be a private Wi-Fi or cellular internet connection from your service provider.

The importance of a secure internet connection is to make sure that your information is safe especially from hackers who might get into your account withdraw all your money without your awareness.