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Redwood Capital Bank Platinum Plus Checking Account

in Checking Accounts from Redwood Capital Bank · Member fdic

Unaffiliated

Redwood Capital Bank Platinum Plus Checking Account

Unaffiliated

in Checking Accounts from Redwood Capital Bank · Member FDIC

Not enough votes for recommendation

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

Redwood Capital Bank Platinum Plus Checking Account Review

Redwood Capital Bank Platinum Plus Checking Account is offered by Redwood Capital Bank, a bank founded in 2003 and based in Eureka, CA. Redwood Capital Bank Platinum Plus 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 Platinum Plus 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 Platinum Plus 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 Platinum Plus 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 Platinum Plus Checking Account?

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

Redwood Capital Bank Platinum Plus Checking Account Account Minimums
Description	Amount
Minimum Opening Deposit	$100
APY Minimum Balance	$5,000
Minimum Combined Balance to Avoid Monthly Service Fee	$10,000

What fees does Redwood Capital Bank Platinum Plus Checking Account charge?

Redwood Capital Bank Platinum Plus Checking Account Fees
Description
ATM Fee: In-Network	$0
Check Copy	$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 Platinum Plus Checking Account charge overdraft fees?

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

What features and perks does Redwood Capital Bank Platinum Plus 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 Platinum Plus 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 Platinum Plus Checking Account allows you to manage your money online or with a mobile app.

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