SuperMoney
  Redwood Capital Bank Evergreen Money Market Checking Account

Redwood Capital Bank Evergreen Money Market Checking Account

in Checking Accounts from Redwood Capital Bank · Member fdic

Unaffiliated

Redwood Capital Bank Evergreen Money Market Checking Account

Unaffiliated

in Checking Accounts from Redwood Capital Bank · Member FDIC

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Redwood Capital Bank Evergreen Money Market Checking Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee N/A
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee $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.
  • Hard credit pull. Redwood Capital Bank may require a hard pull on your credit report to open a checking account.
Redwood Capital Bank Evergreen Money Market Checking Account 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 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 Evergreen Money Market 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 Evergreen Money Market Checking Account?

Redwood Capital Bank Evergreen Money Market Checking Account requires a minimum initial deposit of $5,000 to open an account.

Redwood Capital Bank Evergreen Money Market Checking Account Account Minimums
Description Amount
Minimum Opening Deposit $5000
APY Minimum Balance $10,000
Minimum Balance to Avoid Monthly Service Fee $5,000

What fees does Redwood Capital Bank Evergreen Money Market Checking Account 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 Account charge overdraft fees?

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

What features and perks does Redwood Capital Bank Evergreen Money Market Checking Account offer?

This account includes the following features:

  • Fraud monitoring - Redwood Capital Bank Evergreen Money Market 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.
  • Mobile Banking Services - Redwood Capital Bank Evergreen Money Market Checking Account allows you to manage your money online or with a mobile app.
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.

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

Icon for Checking Accounts
View all checking accounts offered by Redwood Capital Bank

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 $5,000
ATM Fee: In-Network $0
Foreign Transaction Fee (Debit Card) 2%
NSF Fee $25
Overdraft Item Fee $25
Bank Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • FDIC Member

Be the first to rate

 

Would you recommend Redwood Capital Bank Evergreen Money Market 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
Cancel my vote
(will require moderator approval)

Other Checking Accounts

Redwood Capital Bank Checking Accounts

Loading...