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Quontic Bank High Interest Checking Account

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Quontic Bank High Interest Checking Account

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in Checking Accounts from Quontic Bank · Member FDIC

SuperMoney Net Recommendation Score +86

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +86, equating to 4.7 on a 5 point rating scale.

+86

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.

Strongly recommended

6 users recommend
1 user is unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Monthly Fee $0
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee N/A
APY (Annual Percentage Yield) 0.01% - 1.01%
Number of Reviews 7

Quontic Bank High Interest Checking Account Review

Quontic Bank High Interest Checking Account is offered by Quontic Bank, a bank founded in 2009 and based in New York, NY. Quontic Bank High Interest Checking Account is available in 50 states (and Washington, DC).

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 1.01%, which is much higher than the average for a checking account.
  • $0 monthly fee. This account does not charge a monthly Service Charge.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through Quontic Bank.
  • Soft credit pull. This bank will not perform a hard credit pull when you open a checking account.
Quontic Bank High Interest Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Higher than average wire transfer fees.
Quontic Bank High Interest Checking FAQ

Are checking accounts from Quontic Bank federally insured?

Yes, your Quontic Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57807). 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 Quontic Bank High Interest Checking offer?

Quontic Bank High Interest Checking offers an APY starting at 0.01% and ranging up to 1.01% (APY stands for annual percentage yield, rates may change).

Quontic Bank High Interest Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) 0.01% - 1.01%

What are the account minimums for Quontic Bank High Interest Checking?

Quontic Bank High Interest Checking requires a minimum initial deposit of $100 to open an account.

Quontic Bank High Interest Checking Account Minimums
Description
APY Minimum Balance $0
Minimum Opening Deposit $100

What fees does Quontic Bank High Interest Checking charge?

The good news is that this account does not have a monthly Service Charge.

Quontic Bank High Interest Checking Account Fees
Description
ATM Fee: In-Network $0
Check Copy $5
Early Account Closure $0
Monthly Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $35
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $30

Does Quontic Bank High Interest Checking charge overdraft fees?

Yes, Quontic Bank High Interest Checking charges a $35 fee for every overdraft.

Quontic Bank High Interest Checking offers overdraft protection at a cost of $35 per transaction.

What features and perks does Quontic Bank High Interest Checking offer?

This account includes the following features:

  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Quontic Bank High 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.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Quontic Bank High Interest Checking 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.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
  • Soft credit pull - Quontic Bank High Interest Checking performs a soft credit pull so you can check whether you qualify without hurting your credit.

What is the customer support email for Quontic Bank High Interest Checking?

The customer support email for Quontic Bank High Interest Checking is info@quonticbank.com.

How do people rate the customer service and user experience of Quontic Bank High Interest Checking?

Overall, Quontic Bank High Interest Checking is strongly recommended based on community reviews that rate customer service and user experience.

Quontic Bank High Interest Checking Account Disclosure: When qualifying activity is met, the maximum account balance to earn 1.01% APY is $150,000 When qualifying activity is met, account balances from $150,000.01 to $1,000,000 will now earn 0.35% APY (and will also earn 1.01% APY on the account balance up to $150,000).
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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.

Message From Quontic Bank High Interest Checking Account

Quontic is a nationwide digital bank on a mission, and one of only 3% of banks with a CDFI designation. This means that we use the deposits from our award-winning and highly rated accounts to bring the dream of homeownership to low-income families, immigrants, people of color, small business owners, and others who are unable to obtain home mortgage financing through traditional mortgage channels. When you bank with us, you’re our partner in delivering on our mission.

Your Income, Amplified. Earn up to 1.01% Annual Percentage Yield with a Quontic High Interest Checking Account. Minimum opening deposit: $100. APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.

Contact

Hours of Operation

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

Other Services by Quontic Bank

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

APY Minimum Balance $0
Minimum Opening Deposit $100
ATM Fee: In-Network $0
Early Account Closure $0
Monthly Fee $0
Online Bill Pay Fee $0
Check Copy $5
Overdraft Item Fee $35
Overdraft Protection Fee (per transfer) $35
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Incoming) $10
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $30
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Soft Credit Pull
  • Debit Card
  • Member FDIC
Bonus Offer APY is based on the account balance and making at least 10 qualifying debit card point-of-sale transactions of $10.00 or more per statement cycle.
APY (Annual Percentage Yield) 0.01% - 1.01%

Quontic Bank High Interest Checking Account Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +86, equating to 4.7 on a 5 point rating scale.

+86

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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