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Nationwide Interest Checking

in Checking Accounts from Nationwide

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Nationwide Interest Checking

Unaffiliated

in Checking Accounts from Nationwide

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Highlights
Highlights
Monthly Fee $0
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $0
APY (Annual Percentage Yield) 0.1% - 0.4%

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).

Key Takeaways
  • 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.
Nationwide Interest Checking Pros & Cons
Pros Cons
  • Available in 49 states.
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
Nationwide Interest Checking FAQ

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.

Nationwide Interest Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.1% - 0.4%

What are the account minimums for Nationwide Interest Checking?

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

Nationwide Interest Checking Account Minimums
Description Amount
Minimum Initial Deposit $100
APY Minimum Balance $0.01

What fees does Nationwide Interest Checking charge?

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

Nationwide Interest Checking Fees
Description
Monthly Fee $0
Paper Statement Fee $5
ATM Fee: In-Network $0
ATM Fee: Out-of-Network N/A
NSF Fee $25
Overdraft Protection Fee (per transfer) N/A
Overdraft Item Fee $25
Early Account Closure N/A
Returned Deposit Fee (Domestic) $25
Debit Card Replacement Fee $0
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee $0
Stop Payment Fee $10
Check Image Service N/A
Check Copy $5
Foreign Transaction Fee (Debit Card) 1%
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $45
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $25
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit $30

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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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 49 states and Washington, D.C.
  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

APY Minimum Balance $0.01
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee $0
Minimum Initial Deposit $100
Minimum Balance to Avoid Monthly Fee $0
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Monthly Fee $0
Online Bill Pay Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Reimbursement Monthly Limit $30
Check Copy $5
Foreign Transaction Fee (Debit Card) 1%
NSF Fee $25
Overdraft Item Fee $25
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $25
Returned Deposit Fee (International) $25
Stop Payment Fee $10
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Outgoing) $45
Bank Account Features
  • ATM Reimbursement
  • Branch Access
  • Debit Card
  • Fraud Monitoring
  • Fraud Protection
  • Free Bill Pay
  • Get Paid Early
  • Mobile Banking
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 0.1% - 0.4%

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SUPERMONEY NET RECOMMENDATION SCORE

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