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  Redwood Capital Bank Capital Checking Account

Redwood Capital Bank Capital Checking Account

in Checking Accounts from Redwood Capital Bank · Member fdic

Unaffiliated

Redwood Capital Bank Capital Checking Account

Unaffiliated

in Checking Accounts from Redwood Capital Bank · Member FDIC

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Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $500
APY (Annual Percentage Yield) N/A

Redwood Capital Bank Capital Checking Account Review

Redwood Capital Bank Capital Checking Account is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank Capital Checking Account is available in 1 state across the USA.

Key Takeaways
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Free bill pay. Pay your bills to practically anyone in the United States through Redwood Capital Bank.
  • Hard credit pull. Redwood Capital Bank may require a hard pull on your credit report to open a checking account.
Redwood Capital Bank Capital Checking Account Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Only available in one state.
Redwood Capital Bank Capital Checking Account FAQ

Are checking accounts from Redwood Capital Bank federally insured?

Yes, your Redwood Capital Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57610). 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 Redwood Capital Bank Capital Checking Account offer?

Redwood Capital Bank does not provide interest rate information until a customer applies for a new account.

What are the account minimums for Redwood Capital Bank Capital Checking Account?

Redwood Capital Bank Capital Checking Account requires a minimum initial deposit of $100 to open an account.

Redwood Capital Bank Capital Checking Account Account Minimums
Description Amount
Minimum Opening Deposit $100
APY Minimum Balance $1,000
Minimum Combined Balance to Avoid Monthly Service Fee $1,000
Minimum Balance to Avoid Monthly Service Fee $500

What fees does Redwood Capital Bank Capital Checking Account charge?

Redwood Capital Bank Capital Checking Account Fees
Description
ATM Fee: In-Network $0
Check Image Service $0
Debit Card Replacement Fee $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Online Bill Pay Fee $0
Overdraft Item Fee $25

Does Redwood Capital Bank Capital Checking Account charge overdraft fees?

Yes, Redwood Capital Bank Capital Checking Account charges a $25 fee for every overdraft fee.

What features and perks does Redwood Capital Bank Capital Checking Account 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 - Redwood Capital Bank Capital Checking Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Redwood Capital Bank Capital Checking Account allows you to manage your money online or with a mobile app.
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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.

Contact

Hours of Operation

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

Other Services by Redwood Capital Bank

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

APY Minimum Balance $1,000
Minimum Combined Balance to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee $500
ATM Fee: In-Network $0
Check Image Service $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Overdraft Item Fee $25
Bank Account Features
  • Free Bill Pay
  • Interest Bearing Account
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
  • Check Writing

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