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  New York Community Basic Checking

New York Community Basic Checking

in Checking Accounts from New York Community Bank · Member fdic

Unaffiliated

New York Community Basic Checking

Unaffiliated

in Checking Accounts from New York Community Bank · Member FDIC

Net Recommendation Score -100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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1 user doesn't recommend
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Highlights
Community Rating

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Monthly Fee $2
ATM Fee: Out-of-Network $2.50
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0%

New York Community Basic Checking Review

New York Community Basic Checking is offered by New York Community Bank, founded in 1859 and based in Westbury, NY. New York Community Basic Checking is available in 5 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, New York Community Basic Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of $2, but there are ways to waive the fee.
  • Small minimum initial deposit. You only need $1 to open an account.
  • Bill pay. Pay your bills to practically anyone in the United States through New York Community Bank.
NYCB checking account Pros & Cons
Pros Cons
  • Free debit card
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Only available in 5 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a higher than average fee on out-of-network ATM transactions.
NYCB checking account FAQ

Are checking accounts from New York Community Bank federally insured?

Yes, your New York Community 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 NYCB checking account offer?

NYCB checking account is not an interest-bearing account.

What are the account minimums for NYCB checking account?

NYCB checking account requires a minimum initial deposit of $1 to open an account.

NYCB checking account Account Minimums
Description Amount
Minimum Opening Deposit $1
APY Minimum Balance $100

What fees does NYCB checking account charge?

This account charges a monthly service fee of $2.

New York Community Basic Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $5
Early Account Closure $30
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $2
NSF Fee $36
Online Bill Pay Fee $0
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $15
Paper Statement Fee $0
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $2.50

Does NYCB checking account charge overdraft fees?

Yes, NYCB checking account charges a $36 fee for every overdraft.

NYCB checking account offers overdraft protection at a cost of $15 per transaction.

What features and perks does NYCB checking account offer?

This account includes the following features:

  • Fraud monitoring - NYCB 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 - NYCB 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.

How do people rate the customer service and user experience of NYCB checking account?

Overall, NYCB checking account is strongly not recommended based on community reviews that rate customer service and user experience.

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Contact

  • Headquarters
  •   615 Merrick Avenue
    Westbury, NY 11590
  •   Visit Site

Other Services by New York Community Bank

Availability

  Available in 5 states
  • Arizona
  • Florida
  • New Jersey
  • New York
  • Ohio

Feature Breakdown

APY Minimum Balance $100
Minimum Opening Deposit Starting at $1
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Paper Statement Fee $0
Debit Card Replacement Fee $5
Early Account Closure $30
Foreign Transaction Fee (Debit Card) 1%
Monthly Fee $2
NSF Fee $36
Overdraft Item Fee $36
Overdraft Protection Fee (per transfer) $15
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $35
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $35
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $50
ATM Fee: Out-of-Network $2.50
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Bauer Financial A+/A Rating
  • FDIC Member
  • Check Writing

New York Community Basic Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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