Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

FNBO Direct Online Checking account review

Last updated:  

Capitalize on 0.65% APY and free PopMoney transfers, but prepare for limited customer support.

finder.com’s rating: 4.2 / 5.0

★★★★★

This interest-bearing checking account comes with free wire transfers and no maintenance fees, but lacks check-writing privileges and the in-person support found in brick-and-mortar branches.

$0

Monthly fee

0.65%

APY

$1

Minimum deposit to open

Details

APY0.65% on balances of $0.10+
Monthly fee$0
Minimum deposit to open$1
ATMsAllpoint’s 55,000 ATMs nationwide
ATM transaction fee$0
Overdraft fee$33

Expert review

Shannon Terrell

Review by


Shannon Terrell is a writer for finder.com who studied communications and English literature at the University of Toronto. On any given day, you can find her researching everything from equine financing and business loans to student debt refinancing and how to start a trust. She loves hot coffee, the smell of fresh books and discovering new ways to save her pennies.

Expert review

The FNBO Direct Online Checking account is best for those looking for an interest-bearing checking account. It earns interest and offers free person-to-person PopMoney payments.

But it’s an online bank, so it lacks in-person support.

What are the benefits of a checking account with FNBO Direct?

Enjoy mobile banking and direct deposit along with the following:

  • 0.65% APY. This an interest-bearing account ⁠— a rare find among checking accounts ⁠— so your funds will earn a 0.65% APY.
  • No maintenance fees. Your hard-earned money is free to grow with no monthly service fees sapping your funds.
  • Free PopMoney transfers. The typical $0.95 PopMoney transaction fee is waived for transfers made from this account.
  • Debit card fraud monitoring. FNBO Direct’s online security helps keep your money safe with debit card fraud monitoring, SSL encryption and automatic timeouts.
  • Free incoming wire transfers. While outgoing transfers are subject to a $15 fee, incoming wire transfers are free.

What should I look out for?

This online checking account isn’t without its drawbacks:

  • No in-person support. Since FNBO Direct is an online bank, its customer service is limited to phone and email inquiries.
  • No international wire transfers. While domestic transfers are permitted, international wire transfers aren’t available with this account.
  • No check-writing privileges. This checking account doesn’t offer check-writing privileges.

If you want to open an account with a bank that has branches, you’ll want to keep looking. As always, compare your options when choosing a checking account.

FNBO Direct’s ATM network and fees

The FNBO Direct Online Checking account comes with a free FNBO Direct Visa Debit card. With it, you can access any of Allpoint’s 55,000 ATMs for free. ATMs outside this network may charge a service fee.

Compare with other checking accounts

Name Product APY ATMs Fee
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
Bank with BBVA and you could earn a total offer value of $250. Offer valid: 2/1/20 - 2/28/20.
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
$0
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
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
$24.95/month
(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
0.01%
Free to use anywhere worldwide
$25/month
(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.
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
$0
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
$0
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

How do I open a FNBO Direct Online Checking account?

  1. Go to FNBO Direct’s website and click Apply Now.
  2. Enter your full name, Social Security number, date of birth and email address. Click Next Step.
  3. Enter your residential address, driver’s license number or state ID and employment status. Click Next Step.

Review and confirm your submitted information. Then, read FNBO Direct’s online account disclosures and terms and conditions.

Make a deposit of at least $1 to fund your FNBO Direct Online Savings account. You can make a deposit by electronic funds transfer or by mailing a personal check to:

FNBO Direct
PO Box 3707
Omaha, NE 68103-0707

Your FNBO Direct Visa Debit card should arrive by mail within seven to 10 business days.

Eligibility

Before you apply, make sure you meet the following eligibility criteria:

  • US citizen
  • At least 18 years old
  • Social Security or tax ID number
  • Valid driver’s license or state ID
  • Valid bank account
  • Initial deposit of at least $1

Required information

Be ready to supply the following information for your online application:

  • Name, date of birth and residential address
  • Contact information
  • Employment information
  • Social Security or tax ID number
  • Driver’s license or state ID
  • External bank account number and routing number of funding account

How do I deposit or withdraw my money?

FNBO Direct offers five ways to access funds with this account:

  • Online deposit. Transfer funds to an externally linked account.
  • Mobile check deposit. Using the FNBO Direct mobile banking app, make a deposit by uploading a photo of your check.
  • ATM. The FNBO Direct Visa Debit card offers surcharge-free access to more than 55,000 Allpoint ATMs.
  • Wire transfer. Incoming domestic wire transfers are free, while outgoing transfers are subject to a $15 fee.
  • Mail. Mail a check to FNBO Direct.

What other checking options does FNBO Direct offer?

As of this writing, the FNBO Direct Online Checking account is the only checking account FNBO Direct offers.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use and Privacy and Cookies Policy.
Go to site