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  Radius Bank Tailored Business Checking Account

Radius Bank Tailored Business Checking Account

in Business Checking Accounts from Radius Bank · Member fdic

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Radius Bank Tailored Business Checking Account

Unaffiliated

in Business Checking Accounts from Radius Bank · Member FDIC

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Highlights
Monthly Fee $0 - $10
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $5,000
APY (Annual Percentage Yield) 0% - 0.1%

Radius Bank Tailored Business Checking Account Review

Radius Bank Tailored Business Checking Account is offered by Radius Bank, a bank founded in 1987 and based in Boston, MA. Radius Bank Tailored Business Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.1%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $5,000.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • No ATM fees. Radius Bank Tailored Business Checking Account 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 Radius Bank.
  • Hard credit pull. Radius Bank may require a hard pull on your credit report to open a checking account.
Radius Bank Tailored Business Checking Account Pros & Cons
Pros Cons
  • Available in all 50 states.
  • 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.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Radius Bank Tailored Business Checking Account FAQ

Are business checking accounts from Radius Bank federally insured?

Yes, your Radius Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32551). 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 Radius Bank Tailored Business Checking Account offer?

Radius Bank Tailored Business Checking Account offers an APY starting at 0% and ranging up to 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $5000.

Radius Bank Tailored Business Checking Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0% - 0.1%

What are the account minimums for Radius Bank Tailored Business Checking Account?

Radius Bank Tailored Business Checking Account requires a minimum initial deposit of $100 to open an account.

Radius Bank Tailored Business Checking Account Account Minimums
Description Amount
Minimum Initial Deposit $100
APY Minimum Balance $5,000
Minimum Balance to Avoid Monthly Fee $5,000

What fees does Radius Bank Tailored Business Checking Account charge?

This account charges a monthly maintenance fee of up to $10.

Radius Bank Tailored Business Checking Account Fees
Description
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Monthly Fee $0 - $10
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Item Fee $5
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $18
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $40

What features and perks does Radius Bank Tailored Business Checking Account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - Radius Bank Tailored Business Checking Account 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 - Radius Bank Tailored Business Checking Account 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday 8:00am - 8:00pm
  • Monday 8:30am - 12:00pm
  • Tuesday 8:30am - 12:00pm
  • Wednesday 8:30am - 12:00pm
  • Thursday 8:30am - 12:00pm
  • Friday 8:30am - 12:00pm
  • Saturday 8:00am - 8:00pm

About Radius Bank Tailored Business Checking Account

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $5,000
Minimum Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $100
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
Online Bill Pay Fee $0
Monthly Fee $0 - $10
NSF Fee $25
Overdraft Item Fee $5
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $25
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $18
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $40
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Check Writing
  • 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
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0% - 0.1%

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