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Compare Quontic Bank banking products: Savings, Checking, and CDs

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

Cassidy Horton

Updated Apr 27, 2020

Fact checked

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.

- Quontic High Interest Checking account. Offers a high 1.50% APY and no monthly fee. But you’ll need to make at least 15 debit card transactions a month to keep the high APY.
- Quontic High Yield Savings account. Earn 1.85% APY, but you’ll need $500 to open the account and a $10,000 daily balance to avoid the monthly fee.
- Quontic Money Market account. APYs range from 1.85% to 2.20% depending on your account balance.
- Quontic CD. One-year terms with a 0.4% to APY, but you’ll need $500 to open an account.
- Money Market Business account. Offers a business debit Mastercard, access to more than 90,000 ATMs and APYs ranging from 1.85% to 2.20% APY depending on your account balance.
- Quontic High-Interest Business CD. Earn 2.25% APY on one- to five-year CD terms.
- Mortgages. Choose between FHA, VA, jumbo, conventional and reverse mortgage loans.

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 Quontic Bank to the competition

Name	Minimum deposit to open	ATMs	Out-of-network ATM fee
HSBC Premier Checking	$1	Free to use at all ATMs in the US	$0	Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.	Go to site More Info	Compare	loading Fetching your data...
BBVA Online Checking	$25	No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs	$3	A full-service account with convenient, surcharge-free access to two massive ATM networks.	Go to site More Info	Compare	loading Fetching your data...
Axos Bank Essential Checking	$0	ATM fees reimbursed at any ATM nationwide		No fees. Unlimited domestic ATM fee reimbursements.	Go to site More Info	Compare	loading Fetching your data...
Axos Bank Rewards Checking	$50	ATM fees reimbursed at any ATM nationwide	$0	Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.	Go to site More Info	Compare	loading Fetching your data...
Aspiration Spend & Save Account	$10	55,000 free in-network ATMs	$0	Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.	Go to site More Info	Compare	loading Fetching your data...
N26	$0	Fee-free ATM withdrawals at Allpoint ATMs	$0	A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.	Go to site More Info	Compare	loading Fetching your data...
Chime Spending account	$0	38,000 fee-free ATMs nationwide	$2.50	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.	Go to site More Info	Compare	loading Fetching your data...
Chase Total Checking	$0	Access to 16,000 ATMs and nearly 4,900 branches nationwide	$2.50	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.	Go to site More Info	Compare	loading Fetching your data...
HSBC Advance Checking	$0	Surcharge-free HSBC ATMs nationally and internationally, plus up to four rebates a month for using non-HSBC ATMs in all US states except New York		Get up to $270 (max. $50 per month) for eligible new customers who open an HSBC Advance checking account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.	Go to site More Info	Compare	loading Fetching your data...
NorthOne Business Banking	$50	More than 300,000 ATMs across America.	$0	A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.	Go to site More Info	Compare	loading Fetching your data...
BBVA Free Checking	$25	1,000 fee-free ATMs across the country	$3	Pay a $0 monthly service charge and get free access to BBVA ATMs.	Go to site More Info	Compare	loading Fetching your data...
SoFi Money	$0		$0	SoFi Money® is a cash management account that charges no account fees to save, spend, and earn cash back rewards when you spend on brands you love.	Go to site More Info	Compare	loading Fetching your data...
Nationwide Advantage checking	$50	Access to over 80,000 ATMs nationwide		This account offers Nationwide highest interest rate – up to 0.90 APY. Plus, no overdraft or non-sufficient funds fees.	Go to site More Info	Compare	loading Fetching your data...

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.

Frequently asked questions

You’ll need to have the following information on hand:
Government-issued photo ID

Social Security number

Employment status
Residential address

Date of birth

Thank you for your feedback!

Cassidy Horton

Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

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Compare Quontic Bank banking products: Savings, Checking, and CDs

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

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