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  Ponce Bank Premium Interest Checking
Ponce Bank Premium Interest Checking
in Checking Accounts from Ponce Bank
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Ponce Bank Premium Interest Checking

Unaffiliated
in Checking Accounts from Ponce Bank
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.05% - 0.10%
(Verified 07/25/2022)
Monthly Fee $7
Minimum Balance to Avoid Monthly Fee N/A

Ponce Bank Premium Interest Checking Review

Ponce Bank Premium Interest Checking is offered by Ponce Bank, a bank founded in 1960 and based in Bronx, NY. Ponce Bank Premium Interest Checking is available in 50 states (and Washington, DC).

Key Takeaways

  • Higher than average APY. Ponce Bank Premium Interest Checking has an annual percentage yield of up to 0.10%, which is higher than the national average interest rate on savings accounts.
  • Charges a monthly fee. This account charges a monthly service fee of $7.
  • Large minimum initial deposit. You need a minimum deposit of $1,500 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
  • No ATM fees. Ponce Bank Premium Interest Checking does not charge fees on ATM transactions.

Ponce Bank Premium Interest Checking Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Monthly service charge.

Ponce Bank Premium Interest Checking FAQ

Are checking accounts from Ponce Bank federally insured?

No, your Ponce Bank checking accounts are not insured by a federal insurance agency. This means that if Ponce Bank 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 Ponce Bank Premium Interest Checking offer?

Ponce Bank Premium Interest Checking offers an APY starting at 0.05% and ranging up to 0.10% (APY stands for annual percentage yield, rates may change).

Ponce Bank Premium Interest Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.05% - 0.10%

What are the account minimums for Ponce Bank Premium Interest Checking?

Ponce Bank Premium Interest Checking requires a minimum initial deposit of $1,500 to open an account.

Ponce Bank Premium Interest Checking Minimums
Description
Minimum Opening Deposit Starting at $1,500

What fees does Ponce Bank Premium Interest Checking charge?

This account charges a monthly service fee of $7.

Ponce Bank Premium Interest Checking Fees
Description
ATM Fee: In-Network $0
Monthly Fee $7

What features and perks does Ponce Bank Premium Interest Checking offer?

This account includes the following features:

  • Fraud monitoring - Ponce Bank Premium Interest Checking 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.

What is the customer support email for Ponce Bank Premium Interest Checking?

The customer support email for Ponce Bank Premium Interest Checking is contact.center@poncebank.net.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 6:00pm
  • Saturday 9:00am - 1:00pm

About Ponce Bank Premium Interest Checking

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $1,500
ATM Fee: In-Network $0
Monthly Fee $7
Checking Account Required
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Negative Balance Lookback Period 21 years
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Income
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Interest Bearing Account
  • Fraud Monitoring
  • Fraud Protection
APY (Annual Percentage Yield) 0.05% - 0.10%
(Verified 07/25/2022)

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