SuperMoney
Quontic Bank High Interest Checking Account
in Checking Accounts from Quontic Bank
Claimed

Quontic Bank High Interest Checking Account

Claimed
in Checking Accounts from Quontic Bank
SuperMoney Net Recommendation Score +85  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +85, equating to 4.7 on a 5 point rating scale.

+85

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

11 users recommend
2 users are unsure
0 users don't recommend
Cast your vote

Would you recommend Quontic Bank High Interest Checking Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating Strongly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) Up to 1.10%
(Verified 07/08/2022)
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee N/A
Number of Reviews 13

Quontic Bank High Interest Checking Account Review

Quontic Bank High Interest Checking Account is offered by Quontic Bank, founded in 2009 and based in New York, NY. Quontic Bank High Interest Checking Account is available in 51 states across the USA.

Key Takeaways
  • 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.
  • Very high APY. This account offers an annual percentage yield of up to 1.10%, which is much higher than the average for a checking account.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Quontic Bank High Interest Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • High-interest yield.
  • No charge on incoming domestic wire transfers.
  • 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.
  • Higher than average wire transfer fees.
Quontic Bank High Interest Checking FAQ

Are checking accounts from Quontic Bank federally insured?

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

Quontic Bank High Interest Checking is not an interest bearing account.

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
Minimum Balance to Earn APY $0
Minimum Opening Deposit $100

What fees does Quontic Bank High Interest Checking charge?

This account charges a monthly service fee of $0.

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

No, Quontic Bank High Interest Checking does not charge overdraft fees.

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

This account includes the following features:

  • 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.

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).
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.

Message From Quontic Bank

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 1.10% 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

Minimum Balance to Earn APY $0
Minimum Opening Deposit $100
ATM Fee: In-Network $0
Check Copy $0
Early Account Closure $0
Monthly Fee $0
NSF Fee $0
Online Bill Pay Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Paper Statement Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $20
Wire Transfer Fee - Domestic (Outgoing) $20
Wire Transfer Fee - International (Incoming) $10
Wire Transfer Fee - International (Outgoing) $30
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
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
  • Joint Accounts
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) Up to 1.10%
(Verified 07/08/2022)

Quontic Bank High Interest Checking Account Community Reviews

 

Would you recommend Quontic Bank High Interest Checking Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +85, equating to 4.7 on a 5 point rating scale.

+85

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.

sorted by