Digital banks and fintechs dominate new checking account opening. They have a problem looming on the horizon, however.

Ally has a checking account, savings account, money market account, and CDs. At PayPal, you'll only be able to open a savings account. If you're strictly searching for a high interest rate on a ...

PayPal’s process was simple: endorse your check via account number or email address, enter payment amount into the app, snap a photo of the front and back of the check and then finally upload it.