Unifimoney High Yield Checking

Unifimoney High Yield Checking Review

Unifimoney High Yield Checking is offered by Unifimoney, a nonbank financial services provider founded in 2019 and based in San Francisco, CA. Unifimoney High Yield Checking are available in 50 states (and Washington, DC).

Key Takeaways

• Higher than average APY. Unifimoney High Yield Checking has an annual percentage yield of up to 0.2%, which is higher than the national average interest rate on savings accounts.
• Charges a monthly fee. This account charges a monthly service fee of up to $10, but the fee is waived if you keep a minimum balance of $20,000 or have a monthly direct deposit of $2,000.
• $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
• No ATM fees. Unifimoney High Yield Checking does not charge fees on ATM transactions within its network but there is a fee of up to $0.75 for out-of-network ATM transactions.
• Bill pay. Pay your bills to practically anyone in the United States through Unifimoney.

Unifimoney High Yield Checking Pros & Cons

Unifimoney High Yield Checking FAQ

Are checking accounts from Unifimoney federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #8273). 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 Unifimoney High Yield Checking offer?

Unifimoney High Yield Checking offers an APY of 0.2% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Unifimoney High Yield Checking?

Unifimoney High Yield Checking requires a minimum initial deposit of $100 to open an account.

What fees does Unifimoney High Yield Checking charge?

This account charges a monthly service fee of up to $10.

What features and perks does Unifimoney High Yield Checking offer?

This account includes the following features:

• Fraud monitoring - Unifimoney High Yield 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.
• Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
• Mobile Banking Services - Unifimoney High Yield Checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
• Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Unifimoney High Yield Checking?

The customer support email for Unifimoney High Yield Checking is info@unifi.money.