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  East West Bank Value Checking Account

East West Bank Value Checking Account

in Checking Accounts from East West Bank · fdic

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East West Bank Value Checking Account

Unaffiliated

in Checking Accounts from East West Bank · Member FDIC

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Highlights
Monthly Fee $0 - $5
ATM Fee: Out-of-Network $5
Minimum Balance to Avoid Monthly Fee Starting at $1,500
APY (Annual Percentage Yield) 0%

East West Bank Value Checking Account Review

East West Bank Value Checking Account is offered by East West Bank, a 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.
  • No ATM fees. East West Bank Value Checking Account does not charge fees on ATM transactions within its network but there is a fee of up to $5 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through East West Bank.
East West Bank checking Pros & Cons
Pros Cons
  • Free debit card
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • 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?

Yes, your East West Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). 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 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 $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:

  • Fraud monitoring - East West Bank 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 - East West Bank 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 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 Value Checking Account

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 $5
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

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