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Compare FNBO Direct banking products: Savings and Checking

Competitive APYs with no minimum initial deposit required.


FNBO Direct
Clients can earn significant interest on stowed-away cash, but it only offers three accounts, and doesn’t have a brick-and-mortar presence.

What banking products does FNBO Direct offer?

All of its accounts are capable of direct deposit, digital payments and custom alert setups. It partners with Popmoney for nearly instant person-to-person transfers. Specific features include:

  • Online checking account. Get an APY of 0.65%, with no monthly service fees. You’ll get a Visa debit card to make purchases, and because it’s a part of the AllPoint network, you can withdraw cash at over two million ATMs worldwide for free. Though FNBO Direct won’t reimburse you for any extraneous ATM charges.
  • Online savings account. Start earning an interest of 0.9% APY by depositing just a dollar, and it’s unnecessary to maintain a minimum balance to waive fees, because there aren’t any.
  • CDs. It offers term length from six to 60 months with APYs starting at 0.16% and maxing out at 1.15%. When the account reaches maturity, you can either withdraw funds or renew the CD. To get started, deposit at least $500.
Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
FNBO Direct Online Savings
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No monthly fees or minimum balance requirements, and you can even open an account with as little as $1.

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Name Product Minimum deposit to open ATMs Out-of-network ATM fee
FNBO Direct Online Checking
Allpoint’s 55,000 ATMs nationwide
Manage your bills and watch your money grow with a 0.65% APY.

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How does it compare to other banks or services?

FNBO Direct was digitally launched by First National Bank of Omaha in 2006 and still exists entirely on the Interweb today. Its product selection is much smaller than big-box banks like Wells Fargo and Bank of America, though offering no fees is common with other new online operations.

It doesn’t rank on the FDIC’s list of Top 50 Bank Holding Companies by Total Domestic Deposits — and neither does its parent company — but it’s a member of the Allpoint ATM network which gives users access to over 55,000 surcharge-free ATMs in the US.

Checking accounts


  • Competitive APY. Earn 0.65% APY on your total account balance.
  • No fees and hardly any small print. Don’t worry about getting dinged for not stashing enough cash away — FNBO Direct‘s checking account is free to open and maintain.
  • No minimum deposits for checking and savings. Get started right away with the cash you’ve got on hand now.
  • Free PopMoney transfers. Most banks charge $0.95 for PopMoney transactions, but FNBO Direct waives this fee.


  • No checkwriting capabilities. If you like the flexibility of checkwriting — whether to pay the babysitter or for a new Craigslist find — you’ll need to find a different bank, since FNBO Direct doesn’t offer them.
  • No tiers mean you’re locked in to one account. While other banks have different levels of financial management that you can grow into, FNBO Direct‘s products plateau.
  • No international wire transfers. Although you can send and receive domestic wire transfers, FNBO Direct doesn’t support international wire transfers of any kind.

Savings accounts


  • Competitive savings APYs. The 0.9% for savings is high, a worthy opponent to industry leaders like Ally and Marcus by Goldman Sachs.
  • No fees or minimum balance requirements. This account is free to open and maintain. Plus, you can get started with as little as $1.
  • Compatible with digital pay. Connect your savings account to Apple Pay, Samsung Pay and Visa Checkout to pay for purchases digitally.


  • Only one account option. FNBO Direct only offers one savings account, so you can’t upgrade or switch accounts if you outgrow your current one.
  • Hold on deposits. Check deposits may be held for up to 10 business days and electronic transfers can take up to three days to post to your account.
  • Withdrawal limits. You typically can’t make more than six outgoing transactions a month. But many banks are suspending this policy due to COVID-19. Contact the provider for more information.



  • Flexible terms. Lock in a CD rate for as short as six months or as long as five years. The longer the term, the more you’ll earn.
  • Low opening deposits. You only need $500 to open an FNBO Direct CD, which is low considering some banks require as much as $10,000.
  • Convenient applications. Open this CD from the comfort of your home without having to visit a local branch.


  • Low CD APYs. The APYs on its CDs aren’t anything to write home about. Rates start out at 0.16% for a six-month CD and max out at 1.15% for a five-year CD.
  • Early withdrawal penalties. If you need to withdraw your money before maturity, you’ll pay a penalty equal to three months’ interest on CDs up to one year and six months’ interest on CDs over one year.
  • Maximum deposit limit. You can’t hold more than $1 million in any FNBO Direct CD.

Overall banking


  • Seamless online and mobile experience. FNBO Direct tells customers to think of it as an online checkbook. It’s easy to make payments and transfer money online or through the app, whether you’re settling bills or splitting the tab for supper.
  • Large in-network ATM. FNBO Direct is part of the Allpoint ATM network, which gives you free access to over 36,000 ATMs nationwide.


  • No physical locations. You’ll have to be comfortable calling customer service, because you can’t walk into a bank when you need help. And the only way to deposit cash is through an Allpoint ATM.
  • Slim product offering. FNBO Direct only offers one checking and savings account and one type of CD. Plus, you won’t find any business products here.

    Compare FNBO Direct to the competition

    Name Product Minimum deposit to open ATMs Out-of-network ATM fee
    BBVA Online Checking
    No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
    A full-service account with convenient, surcharge-free access to two massive ATM networks, plus a $200 signup bonus when you meet deposit requirements
    Citibank® Account Package
    Citibank® Account Package
    No access to ATMs
    Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
    NorthOne Business Banking
    More than 300,000 ATMs across America.

    A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
    BBVA Free Checking
    1,000 fee-free ATMs across the country
    Pay a $0 monthly service charge and get free access to BBVA ATMs.
    Chase Total Checking
    Access to 16,000 ATMs and nearly 4,900 branches nationwide
    Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
    Chime Spending account
    38,000 fee-free ATMs nationwide
    Get rid of fees with this mobile-first bank offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.

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    FNBO Direct reviews and complaints

    It isn’t listed on the BBB but its parent company, First National Bank of Omaha, has an A+ rating and has been accredited since 1985. So far, there’s only one complaint lodged against FNBO Direct on the CFPB, though the company responded in a timely manner and closed the complaint quickly.

    It could take time for a more thorough reputation to emerge, but for now FNBO Direct seems to be relatively well-esteemed throughout the industry. FNBO itself was named one of the Best Banks in America by Forbes in 2019.

    FNBO Direct customer service

    You’ve got three options to get in touch:

    • Phone: For general banking questions, call 877-370-3707.
    • Email: Send an online message through the Secure Online Message Center by logging into your account.
    • Mail: Address snail mail to:
      FNBO Direct
      PO Box 3707
      Omaha, NE 68103-0707

    Bottom line

    FNBO Direct has a no-frills product selection with great APYs. But if you want a different banking experience, browse around to see what other providers have to offer.

    Frequently asked questions.

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