FNBO Direct Online Checking account review September 2019 | finder.com

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FNBO Direct Online Checking account review

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

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

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.

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
0.01%
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$25/month
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Access to 16,000 ATMs and nearly 5,000 branches nationwide
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No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$0
A full-service account with convenient, surcharge-free access to two massive ATM networks.
0.01%
38,000 fee-free ATMs nationwide
$0
Linked checking and savings accounts from a mobile-first bank that’s light on fees.
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.
2.00% on balances of $10,000+ or deposit $1+ each calendar month into any Aspiration cash management or investment account
Free to use anywhere worldwide
$0
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.

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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.

Bottom line

The FNBO Direct Online Checking account earns interest and offers free person-to-person PopMoney payments, but lacks in-person support.

Unsure about this account? Review your checking account options with other providers to find the best rates and features that fit your financial needs.

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