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  First Republic Bank Classic Checking

First Republic Bank Classic Checking

in Checking Accounts from First Republic Bank · Member FDIC

Unaffiliated

First Republic Bank Classic Checking

Unaffiliated

in Checking Accounts from First Republic Bank · Member FDIC

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

-100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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0 users recommend
0 users are unsure
2 users don't recommend
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Highlights
Community Rating

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Monthly Fee $0 - $25
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee $2,500
APY (Annual Percentage Yield) 0%

First Republic Bank Classic Checking Review

First Republic Bank Classic Checking is offered by First Republic Bank, a bank founded in 1985 and based in San Francisco, CA. First Republic Bank Classic Checking is available in 6 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, First Republic Bank Classic Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $25, but the fee is waived if you keep a minimum balance of $2,500.
  • Large minimum initial deposit. You need a minimum deposit of $500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • No ATM fees. First Republic Bank Classic Checking does not charge fees on ATM transactions.
  • ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions
  • Hard credit pull. First Republic Bank may require a hard pull on your credit report to open a checking account.
First Republic Bank Classic Checking Pros & Cons
Pros Cons
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest
  • Not FDIC-insured.
  • Only available in 6 states.
  • Monthly service charge.
First Republic Bank Classic Checking FAQ

Are checking accounts from First Republic Bank federally insured?

Yes, your First Republic 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 First Republic Bank Classic Checking offer?

First Republic Bank Classic Checking is not an interest-bearing account.

What are the account minimums for First Republic Bank Classic Checking?

First Republic Bank Classic Checking requires a minimum initial deposit of $500 to open an account.

First Republic Bank Classic Checking Account Minimums
Description Amount
Minimum Initial Deposit $500
APY Minimum Balance $3,500
Minimum Balance to Avoid Monthly Fee $2,500

What fees does First Republic Bank Classic Checking charge?

This account charges a monthly maintenance fee of up to $25.

First Republic Bank Classic Checking Fees
Description
Monthly Fee $0 - $25
Paper Statement Fee $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $30
Overdraft Protection Fee (per transfer) $3
Overdraft Item Fee $30
Early Account Closure $0
Returned Deposit Fee (Domestic) $10
Debit Card Replacement Fee $5
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $8
Check Image Service N/A
Check Copy $5
Foreign Transaction Fee (Debit Card) 0%
Wire Transfer Fee - Domestic (Outgoing) $12
Wire Transfer Fee - International (Outgoing) $30
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $10
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit N/A

What features and perks does First Republic Bank Classic Checking offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
  • Fraud monitoring - First Republic Bank Classic Checking 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.
  • Mobile Banking Services - First Republic Bank Classic Checking 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.

Availability

  Available in 6 states
  • California
  • Connecticut
  • Florida
  • Massachusetts
  • New York
  • Oregon

Feature Breakdown

APY Minimum Balance $3,500
Minimum Initial Deposit $500
Minimum Balance to Avoid Monthly Fee $2,500
ATM Fee: In-Network $0
Early Account Closure $0
Foreign Transaction Fee (Debit Card) 0%
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
Check Copy $5
Debit Card Replacement Fee $5
Monthly Fee $0 - $25
NSF Fee $30
Overdraft Item Fee $30
Overdraft Protection Fee (per transfer) $3
Paper Statement Fee $10
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $8
Wire Transfer Fee - Domestic (Outgoing) $12
Wire Transfer Fee - International (Outgoing) $30
Bank Account Features
  • No ATM Fees
  • IRAs
  • Bauer Financial A+/A Rating
  • Debit Card
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Mobile Check Deposit

First Republic Bank Classic Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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