Main Street Bank Checking Account Review

Main Street Bank Checking Account is offered by Main Street Bank, a bank founded in 2005 and based in Bingham Farms, MI. Main Street Bank Checking Account is available in 50 states (and Washington, DC).

• Very high APY. This account offers an annual percentage yield of up to 3%, which is much higher than the average for a checking account.
• Charges a monthly fee. This account charges a monthly maintenance fee of up to $25.
• $50 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. Main Street Bank Checking Account does not charge fees on ATM transactions.
• ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions
• Free bill pay. Pay your bills to practically anyone in the United States through Main Street Bank.
• Hard credit pull. Main Street Bank may require a hard pull on your credit report to open a checking account.

Are checking accounts from Main Street Bank federally insured?

Yes, your Main Street 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 Main Street Bank Checking Account offer?

Main Street Bank Checking Account offers an APY starting at 0.05% and ranging up to 3% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Main Street Bank Checking Account?

Main Street Bank Checking Account requires a minimum initial deposit of $50 to open an account.

What fees does Main Street Bank Checking Account charge?

The good news is that this account does not have a monthly service charge.

What features and perks does Main Street Bank Checking Account offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Main Street Bank Checking Account 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.