Last Updated: 01/21/2026
Redwood Capital Bank Evergreen Checking Account
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Last Updated: 01/21/2026
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Highlights
Welcome Offer
N/A(Verified 09/28/2022)
Cashback Rewards
N/A
APY (Annual Percentage Yield)
N/A
Monthly Service Fee
$0(Verified 01/21/2026)
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Redwood Capital Bank Evergreen Checking Account Review
The Redwood Capital Bank Evergreen Checking Account is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank evergreen money market checking is available in 1 state.
Key Takeaways
- Large minimum initial deposit. You need a minimum deposit of $5,000 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that we track.
Redwood Capital Bank evergreen money market checking Pros & Cons
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Redwood Capital Bank evergreen money market checking FAQ
Are checking accounts from Redwood Capital Bank federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). 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 evergreen money market checking 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 evergreen money market checking?
Redwood Capital Bank evergreen money market checking requires a minimum initial deposit of $5,000.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | Starting at $5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What fees does Redwood Capital Bank evergreen money market checking charge?
This account charges a monthly maintenance fee each statement cycle of $0.
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ATM Fee: In-Network | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NSF Fee | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Overdraft Item Fee | Starting at $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Transaction Fee (Debit Card) | Starting at 2% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Does Redwood Capital Bank evergreen money market checking charge overdraft fees?
Yes, Redwood Capital Bank evergreen money market checking charges a $25 fee for every overdraft.What features and perks does Redwood Capital Bank evergreen money market checking offer?
This account includes the following features:
- Fraud monitoring - Redwood Capital Bank evergreen money market 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.
- Mobile Banking Services - Redwood Capital Bank evergreen money market checking allows you to manage your money online or with a mobile app.
What is the customer support email for Redwood Capital Bank evergreen money market checking?
The customer support email for Redwood Capital Bank evergreen money market checking is inquiries@redwoodcapitalbank.com.
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Message from Redwood Capital Bank evergreen money market checking
Hours of Operation
Sunday
12:00AM - 12:00AM
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
12:00AM - 12:00AM