Presidential Bank Advantage Checking
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| Cashback Rewards | N/A |
| APY (Annual Percentage Yield) |
0.1% - 3.0% (Verified 08/04/2023)
|
| Monthly Maintenance Fee |
$0 - $5 (Verified 08/04/2023) |
| Minimum Balance to Avoid Monthly Fee | N/A |
Presidential Bank Advantage Checking Review
Presidential Bank Advantage Checking is offered by Presidential Bank, a bank founded in 1985 and based in Bethesda, MD. Advantage Checking is available in 2 states (and Washington, DC).
Key Takeaways
- Up to 3.0% annual percentage yield (APY). This account offers an annual percentage yield of up to 3.0%, which is much higher than the average for the checking accounts that we track.
- Charges a monthly fee. This account charges a monthly service fee of up to $5.
- $500 minimum opening deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Advantage Checking Pros & Cons
| Pros | Cons |
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Advantage Checking FAQ
Are checking accounts from Presidential Bank federally insured?
Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #32363). 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 Advantage Checking offer?
Advantage Checking offers an APY starting at 0.1% and ranging up to 3.0% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annual Percentage Yield) | 0.1% - 3.0% |
What are the account minimums for Advantage Checking?
Advantage Checking requires a minimum initial deposit of $500 to open an account.
| Description | |
|---|---|
| Minimum Opening Deposit | $500 |
| Minimum Combined Balance to Avoid Monthly Fee | $500 |
What fees does Advantage Checking charge?
This account charges a monthly maintenance fee of up to $5.
| Description | |
|---|---|
| Monthly Maintenance Fee | $0 - $5 |
| ATM Fee: In-Network | $0 |
| NSF Fee | $25 |
| Returned Deposited Check | $15 |
| Stop Payment Fee | $25 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $20 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $45 |
| Paper Statement Fee | $0 |
| Online Bill Pay Fee | $5.95 |
| Check Copy | $5 |
| Check Image Service | $5 |
| Debit Card Replacement Fee (Standard Delivery) | $10 |
| Early Account Closure | $5 |
What features and perks does Advantage Checking offer?
This account includes the following features:
What is the customer support email for Advantage Checking?
The customer support email for Advantage Checking is email@presidential.com.
Contact
- Headquarters
-
4520 East-West Hwy
Bethesda, MD 20814 - (800) 383-6266
- Visit Site
- Email Support
About Presidential Bank Advantage Checking
Availability
- Maryland
- Virginia
- Washington, DC
Feature Breakdown
| Minimum Opening Deposit | $500 |
| Minimum Combined Balance to Avoid Monthly Fee | $500 |
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