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  Gate City Bank Benefit Interest Checking Account
Gate City Bank Benefit Interest Checking Account Unaffiliated

Gate City Bank Benefit Interest Checking Account

Unaffiliated
in Checking Accounts from Gate City Bank · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A

Gate City Bank Benefit Interest Checking Account Review

Gate City Bank Benefit Interest Checking Account is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Benefit Interest Checking Account is available in 2 states across the USA.

Key Takeaways
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • No ATM fees. Gate City Bank Benefit Interest Checking Account does not charge fees on ATM transactions.
  • ATM fee rebates. This account will reimburse you for ATM fees (see terms and conditions for details).
  • Bill pay. Pay your bills to practically anyone in the United States through Gate City Bank.
Gate City Bank Benefit Interest Checking Account Pros & Cons
Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Only available in 2 states.
Gate City Bank Benefit Interest Checking Account FAQ

Are checking accounts from Gate City Bank federally insured?

Yes, this account is insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #27774). 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 Gate City Bank Benefit Interest Checking Account offer?

Gate City Bank Benefit Interest Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Gate City Bank Benefit Interest Checking Account offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Gate City Bank Benefit Interest Checking Account?

Gate City Bank Benefit Interest Checking Account requires a minimum initial deposit of $50 to open an account.

Gate City Bank Benefit Interest Checking Account Minimums
Description
Minimum Opening Deposit Starting at $50

What fees does Gate City Bank Benefit Interest Checking Account charge?

The good news is that this account does not have a monthly Service Charge.

Gate City Bank Benefit Interest Checking Account Fees
Description
ATM Fee: In-Network $0
Monthly Fee $0
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - International (Incoming) $22
ATM Fee: Out-of-Network $0

Does Gate City Bank Benefit Interest Checking Account charge overdraft fees?

Yes, Gate City Bank Benefit Interest Checking Account charges a $32 fee for every overdraft.

What features and perks does Gate City Bank Benefit Interest Checking Account offer?

This account includes the following features:

  • ATM rebates - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - Gate City Bank Benefit Interest Checking Account 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 - Gate City Bank Benefit Interest Checking Account 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.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Message From Gate City Bank

Benefit interest checking is a better way to bank for those who have additional relationships with Gate City Bank. Benefit from this account when you have a direct deposit or an external recurring automatic payment plus any two of the following: debit card, mortgage loan, personal loan, money market savings account, savings account, or certificate of deposit. This interest-bearing checking account rewards you with competitive interest rates and much more!

Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

Minimum Opening Deposit Starting at $50
ATM Fee: In-Network $0
Monthly Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
NSF Fee $32
Overdraft Item Fee $32
Returned Deposit Fee (Domestic) $13
Returned Deposit Fee (International) $13
Stop Payment Fee $27
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - International (Incoming) $22
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
  • Driver License (or other photo ID)
Account Features
  • No ATM Fees
  • Member FDIC
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.01%

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