City Bank Interest Checking Review
City Bank Interest Checking is offered by City Bank,
a credit union
founded in 1941 and based in Lubbock, TX.
City Bank Interest Checking are available in
2 states across the USA.
- Charges a monthly fee. This account charges a monthly service fee of $12, but the fee is waived if you keep a minimum balance of $1,500.
- Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
- Bill pay. Pay your bills to practically anyone in the United States through City Bank.
City Bank Interest Checking Pros & Cons
- Access to physical branches.
- Free debit card and the option to lock/unlock the card if lost or stolen
- No signup bonus.
- Does not earn interest.
- Does not provide access to a nationwide ATM network.
- Only available in 2 states.
- Higher than average wire transfer fees.
- Monthly service charge.
- Charges a fee on out-of-network ATM transactions.
City Bank Interest Checking FAQ
Are checking accounts from City Bank federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #25103). 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 City Bank Interest Checking offer?
City Bank Interest Checking offers an APY starting at 0.01% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $1500.
City Bank Interest Checking Rates and Terms
|APY (Annual Percentage Yield)
What are the account minimums for City Bank Interest Checking?
City Bank Interest Checking requires a minimum initial deposit of $1,500 to open an account.
City Bank Interest Checking Minimums
|Minimum Opening Deposit
|Minimum Balance to Avoid Monthly Fee
||Starting at $1,500
|Minimum Balance to Earn APY
What fees does City Bank Interest Checking charge?
This account charges a monthly service fee of $12.
City Bank Interest Checking Fees
|ATM Fee: In-Network
|ATM Fee: Out-of-Network
||Starting at $1.50
|Overdraft Item Fee
|Overdraft Protection Fee (per transfer)
|Returned Deposit Fee (Domestic)
|Returned Deposit Fee (International)
|Stop Payment Fee
|Wire Transfer Fee - Domestic (Incoming)
|Wire Transfer Fee - Domestic (Outgoing)
|Wire Transfer Fee - International (Incoming)
|Wire Transfer Fee - International (Outgoing)
|Paper Statement Fee
|Online Bill Pay Fee
|Early Account Closure
Does City Bank Interest Checking charge overdraft fees?
Yes, City Bank Interest Checking charges a $33 fee for every overdraft.
You can get overdraft protection at a cost of $5 per transaction.
What features and perks does City Bank Interest Checking offer?
This account includes the following features:
- Fraud monitoring - City Bank Interest Checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - City Bank Interest Checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
What is the customer support email for City Bank Interest Checking?
The customer support email for City Bank Interest Checking is email@example.com.
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