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  Gate City Bank Premium Interest Checking Account

Gate City Bank Premium Interest Checking Account

in Checking Accounts from Gate City Bank · fdic

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Gate City Bank Premium Interest Checking Account

Unaffiliated

in Checking Accounts from Gate City Bank · Member FDIC

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Highlights
Monthly Fee $8
ATM Fee: Out-of-Network $0
Minimum Balance to Avoid Monthly Fee Starting at $1,000
APY (Annual Percentage Yield) 0.01% - 0.02%

Gate City Bank Premium Interest Checking Account Review

Gate City Bank Premium Interest Checking Account is offered by Gate City Bank, a bank founded in 1923 and based in Fargo, ND. Gate City Bank Premium 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 0.02%.
  • $0 monthly Service Charge available. This account charges a monthly service fee of $8, but the fee is waived if you keep a minimum balance of $1,000.
  • ATM fee reimbursements. 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 checking account Pros & Cons
Pros Cons
  • Monthly service fee waived (see terms for requirements).
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Only available in 2 states.
  • Monthly service charge.
Gate City Bank checking account FAQ

Are checking accounts from Gate City Bank federally insured?

Yes, your Gate City Bank checking accounts are 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 checking account offer?

Gate City Bank checking account offers an APY starting at 0.01% and ranging up to 0.02% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep an average beginning day balance of at least $0.01.

Gate City Bank checking account Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.01% - 0.02%

What are the account minimums for Gate City Bank checking account?

Gate City Bank checking account requires a minimum initial deposit of $50 to open an account.

Gate City Bank Premium Interest Checking Account Minimums
Description
APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $1,000

What fees does Gate City Bank checking account charge?

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

Gate City Bank Premium Interest Checking Account Fees
Description
ATM Fee: In-Network $0
Monthly Fee $8
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 checking account charge overdraft fees?

Yes, Gate City Bank checking account charges a $32 fee for every overdraft.

What features and perks does Gate City Bank checking account offer?

This account includes the following features:

  • ATM reimbursement - This account will reimburse you for any domestic ATM fees.
  • Fraud monitoring - Gate City Bank 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 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 Premium Interest Checking Account

At Gate City Bank, we’re here to help make your life easier and better, which is why we offer a variety of account options to fit your lifestyle. Try our Account Chooser to find out which account is right for you! If you are looking for a higher interest rate, then Premium Interest Checking is the choice for you.

Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $1,000
ATM Fee: In-Network $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network $0
Monthly Fee $8
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
Account Features
  • Member FDIC
  • 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% - 0.02%

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