Gate City Bank Business Interest Checking
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| Monthly Fee | $6 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Minimum Balance to Avoid Monthly Fee | Starting at $1,500 |
| APY (Annual Percentage Yield) | 0.01% |
Gate City Bank Business Interest Checking Review
Gate City Bank Business Interest Checking is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Business Interest Checking are available in 2 states across the USA.
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only 0.01%.
- $0 monthly account fees available. This account charges a monthly service fee of $6, but the fee is waived if you keep a minimum balance of $1,500.
- No ATM fees. Gate City Bank Business Interest Checking does not charge fees on ATM transactions.
- ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
- Bill pay. Pay your bills to practically anyone in the United States through Gate City Bank.
Gate City Bank Business Interest Checking Pros & Cons
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Gate City Bank Business Interest Checking FAQ
Are business checking accounts from Gate City Bank federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27774). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Gate City Bank Business Interest Checking offer?
| Description | |
|---|---|
| APY (Annual Percentage Yield) | 0.01% |
Gate City Bank Business Interest Checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $1500.
What are the account minimums for Gate City Bank Business Interest Checking?
Gate City Bank Business Interest Checking requires a minimum initial deposit of $50 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $50 |
| APY Minimum Balance | $1,500 |
| Minimum Balance to Avoid Monthly Fee | $1,500 |
What fees does Gate City Bank Business Interest Checking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $0 |
| Foreign Transaction Fee (Debit Card) | 2% |
| Monthly Fee | $6 |
| NSF Fee | $32 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $32 |
| Returned Deposit Fee (Domestic) | $13 |
| Returned Deposit Fee (International) | $13 |
| Stop Payment Fee | $27 |
| Wire Transfer Fee - Domestic (Incoming) | $10 |
| Wire Transfer Fee - International (Incoming) | $22 |
What features and perks does Gate City Bank Business Interest Checking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
- Fraud monitoring - Gate City Bank Business Interest Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - Gate City Bank Business Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Message From Gate City Bank Business Interest Checking
Contact
- Headquarters
-
P.O. Box 2847
Fargo, ND 58108 USA - (800) 423-3344
- Visit Site
- Email Support
Other Services by Gate City Bank
Availability
- Minnesota
- North Dakota
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $1,500 |
| Minimum Balance to Earn APY | $1,500 |
| Minimum Opening Deposit | Starting at $50 |
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