VirtualBank eMoney Market Account

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).

Key Takeaways

• Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.35%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $0.01.
• Charges a monthly fee. This account charges a monthly service fee of up to $5, but the fee is waived if you keep a minimum balance of $100.
• Small minimum initial deposit. You only need $100 to open an account.

Pros & Cons of VirtualBank eMoney Market Account

Pros	Cons
Available in all 50 states. High-interest yield. Does not offer mobile check deposits. Access to physical branches.	No signup bonus. Does not provide a debit card. Monthly service charge.

VirtualBank eMoney Market Account FAQ

Are money market accounts from Virtual Bank federally insured?

Yes, your deposits 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 interest rates for VirtualBank money market account rates?

VirtualBank eMoney Market Account Rates and Terms

Rates	Amount
APY	0.35%

VirtualBank money 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 balance of $0.01.

What are the fees for VirtualBank eMoney Market Account?

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.

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 money market account?

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

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 money market account offer?

This account includes the following features:

• Fraud monitoring - Virtual Bank monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - VirtualBank money market account allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is (877) 998-2265.

What is the support contact email?

The support contact email for this business credit card is info@virtualbank.com.

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.