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Nationwide Interest Checking account review

This simple account has no minimum balance requirement, but its APYs are far from competitive.’s rating: 4.8 / 5.0


Nationwide’s Interest Checking account, offered through Axos Bank, is an interest-bearing account with no minimum balance requirement and no monthly maintenance fees. But the interest rates aren’t competitive and the bank’s tiered rates approach means only those who keep high balances get the full 0.1% APY.

$0 per month


Up to 0.10%



Minimum deposit to open


APY0.10% on balances of $0 to $2,499
0.10% on balances of $2,500 to $9,999
0.10% on balances of $10,000 to $24,999
Fee$0 per month
Minimum deposit to open$100
ATMs91,000 free ATMs across the country
ATM transaction fee$0
ATM fee rebatesUp to$30.00 Domestic ATM Fees Reimbursed per month
Out-of-network ATM fee$0
New account fee$0

Review by

Heather Petty is a personal finance writer at Finder specializing in home loans, banking and insurance. After falling victim to a disreputable mortgage broker when buying her first home, she’s on a mission to help readers avoid similar experiences when managing their own finances. A self-proclaimed word nerd, her writing has been featured on MSN, and, among others. Heather previously worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. She holds a bachelor’s degree in English with a minor in journalism from the University of Nevada, Reno.

Expert review

Nationwide’s Interest Checking account offers up to 0.1% APY, early direct deposits and no monthly fee or minimum balance to waive it.

But interest on this account is tiered, so your balance is directly tied to how much you’ll earn. To earn the highest APY, you’ll need to maintain a high balance of $0 or more in your account.

This may not be worth it, as you’ll find higher rates offered by competitors like T-Mobile Money and even with Axos Bank’s own savings and money market accounts.

How do I open a Nationwide Interest Checking account?

Open this account in eight steps:

  1. Select Apply now.
  2. From the Nationwide by Axos Bank website, select Checking from the navigation menu and then Interest Checking.
  3. Click Open an Account.
  4. Choose whether or not you want to add an additional account
  5. Create an account login and click Start Application
  6. Photo capture your ID or enter your information manually, then click Save & Continue
  7. Enter details of how you want to fund the account and click Save & Continue
  8. Review your details, accept the disclosures and submit to apply.


You must meet the following requirements to open an account:

  • At least 18 years old
  • US resident or citizen
  • Must not have a credit freeze on your credit report
  • $100 minimum deposit

Required information

Have the following information ready before you apply:

  • Social Security number
  • US driver’s license or state ID
  • Residential address
  • Email address

What are the benefits of Nationwide’s Interest Checking account?

A few perks you can look forward to if you open this account:

  • No monthly fee or minimum balance. While your interest rate is tied to your balance, you don’t have to maintain a balance to keep your account open or to waive a monthly fee.
  • Free box of checks. If you’re willing to pay shipping charges, your first box of checks is free.
  • Early direct deposit. This account comes with Direct Deposit Express, a free service that allows you to access your funds from a direct deposit up to two days early.

What should I look out for?

Keep the following drawbacks in mind before you apply:

  • Tiered rates. Your interest rate is directly related to the balance you maintain, which isn’t always true for similar interest-bearing checking accounts offered by other online banks.
  • Must maintain a high balance. In order to earn the highest APY, you must maintain a $0 balance.
  • Low interest rate. Even if you meet the balance requirement to earn the 0.1% APY, the interest rate isn’t competitive compared to other online banks. It’s also lower than Axos Bank’s own interest-bearing checking and savings accounts.
  • No bank branch access. As an online-only bank, you’ll rely on phone calls and online tools when you need help with your account.
  • ATM reimbursements. Although you get up to $30 a month in domestic out-of-network ATM fee reimbursements, Axos Bank accounts typically offer unlimited reimbursements.

If you want a higher rate with lower minimum balance requirements, keep looking. As always, compare your options when considering an interest-bearing checking account.

Axos Bank’s ATM network and fees

Your Nationwide account allows you to use Axos Bank’s network of 91,000 free ATMs across the country. Use the locator map on its website to find the ATMs nearest you.

Unlike other Axos accounts, which often come with unlimited reimbursement of out-of-network ATM fees, the Interest Checking account reimburses up to $30 a month.
Axos Bank is also a member of the Green Dot network, which allows you to deposit cash onto your debit card at retail locations for a $4.95 fee.

Compare with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
55,000+ free Allpoint ATMs worldwide
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $150 bonus when you spend $1,000 in your first 60 days.
NorthOne Business Banking
Finder Rating: 3.4 / 5: ★★★★★
NorthOne Business Banking
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

NorthOne Business Banking is an all-in-one solution for small business owners, startups and freelancers. It boasts unlimited free transactions, subaccounts, and robust bookkeeping integrations.
Citi Priority Checking
Citi Priority Checking
Over 72,000 fee-free ATMs in the U.S.
Secure online banking and access to cash with one of the largest networks of fee-free ATMs in the US. Earn up to $1,500 when you open an eligible account and complete required activities.
Finder Rating: 4.8 / 5: ★★★★★
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
More than 85,000 ATMs nationwide
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
First Citizens Bank Free Checking
First Citizens Bank Free Checking
1,100+ First Citizens Bank ATMs
First Citizens Bank Free Checking stands out for its built-in finance tracking tool, Manage My Money. Available to residents in NC, SC, TN, AZ, CA, CO, FL, GA, KS, MD, MO, NM, OK, OR, TX, VA, WA, WV, and WI.

Compare up to 4 providers

How do I deposit or withdraw my money?

This bank doesn’t have branches, but you can access your money in several ways:

  • ATM. Use an Axos Bank ATM to make deposits or withdraw funds for free. Domestic out-of-network ATM fees are reimbursed up to $30.
  • Checks. You can write unlimited checks on this account.
  • Mobile deposit. Use your phone to deposit checks.
  • Wire transfer. Incoming wire transfers are free, but outgoing transfers are $35 for a domestic wire and $45 for international wires.
  • ACH transfer. Transfer money between banks over the phone or online for free.
  • Green Dot Network. Deposit cash through a networked retailer for a fee. Typically, the retail store charges $4.95 per deposit. There is no additional fee from Axos.

What other checking options does Nationwide offer?

Nationwide offers the following checking accounts through Axos Bank:

  • Direct checking. Pay no maintenance fees if you use direct deposit with no minimum deposit or minimum balance requirements and up to $30 a month in ATM fee reimbursement.
  • My Checking. Get unlimited domestic ATM fee reimbursements, no minimum balance requirements and early access to your direct deposit funds.
  • First checking. Designed for teens under 18, this account earns 0.25% APY with no monthly maintenance fees, no overdraft or insufficient funds fees and daily transaction limits that can be set by a parent or guardian.

How to contact Axos Bank customer service for Nationwide accounts?

Use one of the following methods to contact customer service, available 24/7:

  • Call 855-232-2967.
  • Email
  • Fill out the Request More Info form at the bottom of every page
  • Send mail to P.O. Box 509127, San Diego, CA 92150

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.

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