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  Gate City Bank Non-profit Interest Checking

Gate City Bank Non-profit Interest Checking

in Business Checking Accounts from Gate City Bank · Member fdic

Unaffiliated

Gate City Bank Non-profit Interest Checking

Unaffiliated

in Business Checking Accounts from Gate City Bank · Member FDIC

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Highlights
Monthly Fee $0
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01%

Gate City Bank Non-profit Interest Checking Review

Gate City Bank Non-profit Interest Checking is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Non-profit Interest Checking is 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 fee. This account does not charge a monthly maintenance fee.
  • $50 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
  • No ATM fees. Gate City Bank Non-profit Interest Checking does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
  • Free bill pay. Pay your bills to practically anyone in the United States through Gate City Bank.
  • Hard credit pull. Gate City Bank may require a hard pull on your credit report to open a checking account.
Gate City Bank Non-profit Interest Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Only available in 2 states.
Gate City Bank Non-profit Interest Checking FAQ

Are business checking accounts from Gate City Bank federally insured?

Yes, your Gate City Bank business checking accounts 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 Non-profit Interest Checking offer?

Gate City Bank Non-profit Interest Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Gate City Bank Non-profit 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 $0.01.

What are the account minimums for Gate City Bank Non-profit Interest Checking?

Gate City Bank Non-profit Interest Checking requires a minimum initial deposit of $50 to open an account.

Gate City Bank Non-profit Interest Checking Account Minimums
Description Amount
Minimum Initial Deposit $50
APY Minimum Balance $0.01

What fees does Gate City Bank Non-profit Interest Checking charge?

The good news is that this account does not have a monthly service charge.

Gate City Bank Non-profit Interest Checking Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Foreign Transaction Fee (Debit Card) 3%
Monthly Fee $0
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 Non-profit 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 Non-profit 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 Non-profit 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.
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Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

APY Minimum Balance $0.01
Minimum Initial Deposit $50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $32
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
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01%

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