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  East West Bank Value Checking Account
East West Bank Value Checking Account
in Checking Accounts from East West Bank
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East West Bank Value Checking Account

Unaffiliated
in Checking Accounts from East West Bank
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0%
Monthly Fee $0 - $5
Minimum Balance to Avoid Monthly Fee Starting at $1,500

East West Bank Value Checking Account Review

East West Bank Value Checking Account is offered by East West Bank, founded in 1973 and based in Pasadena, CA. East West Bank Value Checking Account is available in 7 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, East West Bank Value Checking Account does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $1,500.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
East West Bank checking Pros & Cons
Pros Cons
  • No signup bonus.
  • Does not earn interest
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Only available in 7 states.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
East West Bank checking FAQ

Are checking accounts from East West Bank federally insured?

No, your East West Bank checking accounts are not insured by a federal insurance agency. This means that if East West Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does East West Bank checking offer?

East West Bank checking is not an interest-bearing account.

What are the account minimums for East West Bank checking?

East West Bank checking requires a minimum initial deposit of $100 to open an account.

East West Bank Value Checking Account Minimums
Description
Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $1,500

What fees does East West Bank checking charge?

This account charges a monthly service fee of up to $5.

East West Bank Value Checking Account Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $10
Early Account Closure $5
Foreign Transaction Fee (Debit Card) 0%
Monthly Fee $0 - $5
NSF Fee $30
Online Bill Pay Fee $0
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $30
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $5
Wire Transfer Fee - Domestic (Outgoing) $10
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network Starting at $5

Does East West Bank checking charge overdraft fees?

Yes, East West Bank checking charges a $30 fee for every overdraft.

East West Bank checking offers overdraft protection at a cost of $30 per transaction.

What features and perks does East West Bank checking offer?

This account includes the following features:

What is the customer support email for East West Bank checking?

The customer support email for East West Bank checking is info@eastwestbank.com.

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Message From East West Bank

Our Lowest Cost Checking Option. Value Checking is a good choice for those who want a low opening balance and unlimited check writing without per check charges.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by East West Bank

Availability

  Available in 7 states
  • California
  • Georgia
  • Massachusetts
  • Nevada
  • New York
  • Texas
  • Washington

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee Starting at $1,500
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 0%
Online Bill Pay Fee $0
Paper Statement Fee $0
Debit Card Replacement Fee $10
Early Account Closure $5
Monthly Fee $0 - $5
NSF Fee $30
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $30
Returned Deposit Fee (Domestic) $8
Returned Deposit Fee (International) $8
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $5
Wire Transfer Fee - Domestic (Outgoing) $10
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $30
ATM Fee: Out-of-Network Starting at $5
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • Member FDIC
  • Check Writing
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0%

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