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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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Quontic Bank
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 Quontic Bank to the competition

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
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, plus a $200 signup bonus when you meet deposit requirements
Citibank® Account Package
Citibank® Account Package
$0
No access to ATMs
$2.50
Earn a $400 bonus after opening new eligible checking and savings accounts and completing required activities.
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.
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.
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.
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.
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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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