Explore Quontic Bank’s suite of bank accounts

Offers high APYs across all products, but watch out for the fine print.

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Quontic Bank

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Quontic Bank is a digital bank offering high-yield checking and savings accounts and free access to more than 90,000 ATMs. But watch out for high opening deposits, conditional APYs and minimum account balances.

What banking products does Quontic Bank offer?

Quontic Bank offers essential, high-yield banking accounts for personal and business use.

Why should I open an account at Quontic Bank?

In addition to standard features like a debit Mastercard and mobile and online banking, Quontic Bank offers:

  • High APYs. Quontic Bank accounts offer high APYs ranging from 1.85% to 2.25%.
  • Large ATM network. Quontic Bank teamed up with the Allpoint, MoneyPass, SUM and Citibank networks to bring you free access to more than 90,000 ATMs worldwide.
  • Daily compound interest. Earn more interest even quicker when your money is compounded daily.

What should I look out for?

Potential drawbacks of Quontic Bank include:

  • High opening balances. All accounts require minimum opening deposits of at least $500.
  • No business checking accounts. Businesses can open a savings account with Quontic Bank, but there are no checking options.
  • Lack of transparency. Although Quontic Bank advertises its checking account at 2.00% APY and its savings account with no monthly fee, you must meet certain requirements to enjoy these perks.
  • One branch location. Quontic Bank’s only branch location is in Astoria, New York, making it difficult to chat with someone in person.

Compare with leading bank accounts

Name Product APY ATMs Fee
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
M&T Bank MyChoice Premium Checking
0.05% on balances of $100,000+
0.03% on balances of $50,000 to $99,999.99
0.01% on balances of $1 to $49,999.99
Over 1,500 free M&T Bank ATMs and up to $2 rebates when using all other ATMs
(can be waived)
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
Free to use anywhere worldwide
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
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.
Axos Bank Rewards Checking
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

Quontic Bank customer service

Quontic Bank’s customer support representatives are available Monday through Thursday from 8:30 a.m. to 5 p.m. ET and Fridays from 8:30 a.m. to 6 p.m. ET. Get in touch with Quontic Bank by:

  • Starting a live chat through its website
  • Calling 800-908-6600 to speak with someone on the phone
  • Filling out the email request form on its website
  • Visiting the branch location in Astoria, New York

Bottom line

Quontic Bank offers some of the highest APYs we’ve seen to date, especially on its checking account. But if you’re looking for a bank with more branch locations or lower minimum opening balances, shop around for other high-yield accounts before you decide.

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