Nationwide Interest Checking Review

Nationwide Interest Checking is offered by Nationwide, a financial services company founded in 1926 and based in Columbus, OH. Nationwide Interest Checking is available in 49 states (and Washington, DC).

• Low APY. The maximum annual percentage yield for this account is only 0.4%, and you must keep a minimum balance of $0.01.
• $0 monthly fee. This account does not charge a monthly maintenance fee.
• Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
• Up to $30 in 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 Nationwide.
• Early direct deposit. Get access to you paycheck funds faster If you set up a direct deposit to this account.
• Hard credit pull. Nationwide may require a hard pull on your credit report to open a checking account.

Are checking accounts from Nationwide federally insured?

No, your Nationwide checking accounts are not insured by a federal insurance agency. This means that if Nationwide were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

What APY does Nationwide Interest Checking offer?

Nationwide Interest Checking offers an APY starting at 0.1% and ranging up to 0.4% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.

What are the account minimums for Nationwide Interest Checking?

Nationwide Interest Checking requires a minimum initial deposit of $100 to open an account.

What fees does Nationwide Interest Checking charge?

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

What features and perks does Nationwide Interest Checking offer?

This account includes the following features:

• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $30.
• Fraud monitoring - Nationwide Interest 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.
• Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
• Get paid early - If you fund your account with a payroll direct deposit and request this service, you can collect your salary early.
• Mobile Banking Services - Nationwide Interest Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.