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  Redwood Capital Bank Evergreen Money Market Checking Account

Redwood Capital Bank Evergreen Money Market Checking Account

in Checking Accounts from Redwood Capital Bank · fdic

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Redwood Capital Bank Evergreen Money Market 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 Starting at $5,000
APY (Annual Percentage Yield) N/A

Redwood Capital Bank Evergreen Money Market Checking Account Review

Redwood Capital Bank Evergreen Money Market 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 Account is available in 1 state across the USA.

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
Pros Cons
  • Access to physical branches.
  • 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.
  • Does not come with a debit card
  • Only available in one state.
Redwood Capital Bank evergreen money market checking 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 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 to open an account.

Redwood Capital Bank Evergreen Money Market Checking Account Minimums
Description
APY Minimum Balance $10,000
Minimum Opening Deposit Starting at $5,000
Minimum Balance to Avoid Monthly Fee Starting at $5,000

What fees does Redwood Capital Bank evergreen money market checking charge?

Redwood Capital Bank Evergreen Money Market Checking Account Fees
Description
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Overdraft Item Fee $25

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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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 Redwood Capital Bank Evergreen Money Market Checking Account

With easy, stress-free access to your money, Redwood Capital Bank offers many options to assist you in meeting your personal checking needs. We offer a full range of products and services to choose from.  Whether you are looking for an account that earns interest or an account with a low monthly service charge, we have a checking account that is perfect for you.

Evergreen Money Market Checking --- A checking account with a higher level of interest. Features: Unlimited deposits, Unlimited cash withdrawals in person, Interest rate increases, automatically as balance increases, Free Online Banking, FDIC insured.

Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

APY Minimum Balance $10,000
Minimum Opening Deposit Starting at $5,000
Minimum Balance to Avoid Monthly Fee Starting at $5,000
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Overdraft Item Fee $25
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC

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