VirtualBank eMoney Market Account Review

VirtualBank eMoney Market Account is offered by Virtual Bank, a bank founded in 2009 and based in Trenton, NJ. VirtualBank eMoney Market Account is available in 50 states (and Washington, DC).

Are money market accounts from Virtual Bank federally insured?

Yes, your Virtual Bank money market accounts are insured up to $250,000 per person 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 are the VirtualBank eMoney Market Account rates?

VirtualBank eMoney Market Account Rates and Terms

Rates	Amount
APY	0.35%

VirtualBank eMoney Market Account offers an APY of up to 0.35% (APY stands for annual percentage yield, rates may change).However, to earn interest you must keep a minimum balance of $0.01.

What are the VirtualBank eMoney Market Account fees?

This account charges a monthly maintenance fee of up to $5. You can avoid this fee by maintaining a balance of $100.

Virtual Bank will charge you a $15 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

VirtualBank eMoney Market Account Fees

Fees	Amount
Monthly Fee	up to $5
Paper Statement Fee	N/A
Excess Transaction Fee	$15

What is the minimum balance for VirtualBank eMoney Market Account?

Minimum initial deposit of $100. You must make an initial deposit of at least $100 to open this account.

Monthly maintenance minimum balance of $100. You can avoid the monthly fee if you keep a minimum balance $100.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does VirtualBank eMoney Market Account offer?

This account includes the following features:

• Fraud monitoring - Virtual Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - VirtualBank eMoney Market Account allows you to manage your money online.

How to open an account with Virtual Bank

• Visit the Virtual Bank website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.