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  City Bank Interest Checking
City Bank Interest Checking
in Checking Accounts from City Bank · Member FDIC
Unaffiliated

City Bank Interest Checking

Unaffiliated
in Checking Accounts from City Bank · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) Starting at 0.01%
Monthly Fee $12
Minimum Balance to Avoid Monthly Fee Starting at $1,500

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 is available in 2 states across the USA.

Key Takeaways

  • 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

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, this account is 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
Rates Amount
APY (Annual Percentage Yield) 0.01%

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
Description
Minimum Balance to Earn APY $1,500
Minimum Opening Deposit $1,500
Minimum Balance to Avoid Monthly Fee Starting at $1,500

What fees does City Bank Interest Checking charge?

This account charges a monthly service fee of $12.

City Bank Interest Checking Fees
Description
ATM Fee: In-Network $0
Early Account Closure $15
Monthly Fee $12
NSF Fee $33
Online Bill Pay Fee $0
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $33
Returned Deposit Fee (International) $33
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $70
ATM Fee: Out-of-Network Starting at $1.50

Does City Bank Interest Checking charge overdraft fees?

Yes, City Bank Interest Checking charges a $33 fee for every overdraft.

City Bank Interest Checking offers 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 support@citybanktexas.com.

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Message From City Bank

Make your money work for you. Designed for our customers that maintain higher balances, City Bank Interest Checking combines the best features of a checking account and a savings account. Earn a competitive interest rate on your balance yet still have easy access to your money for everyday needs. Write checks, use a debit card, make transfers, all while earning a return on your cash—it’s the best of both worlds. 

City Bank Interest Checking returns a market rate of interest along with a full array of services. You’ll get unlimited checking, a Debit Card1 with no fees, free online banking and bill pay, and more. All of these features are available with no service charge if you maintain a minimum daily balance of $1,500 or more. No other bank offers you so many convenient ways to manage your money, all while earning interest on your checking account balance. Learn more about City Bank Interest Checking and how it can benefit you by calling us.

Availability

  Available in 2 states
  • New Mexico
  • Texas

Feature Breakdown

Minimum Balance to Earn APY $1,500
Minimum Opening Deposit $1,500
Minimum Balance to Avoid Monthly Fee Starting at $1,500
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Early Account Closure $15
Monthly Fee $12
NSF Fee $33
Overdraft Item Fee $33
Overdraft Protection Fee (per transfer) $5
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $33
Returned Deposit Fee (International) $33
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $70
ATM Fee: Out-of-Network Starting at $1.50
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Negative Balance Lookback Period 0 years
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) Starting at 0.01%

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