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Quontic Bank High Interest Checking account review

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Earn up to 1.01% APY, but you’ll need to meet certain requirements.

The Quontic Bank High Interest Checking account has one of the highest interest rates we’ve seen so far to supercharge your money at up to 1.01% APY. But you’ll need to make at least 15 debit card transactions or your interest will drop to 0.01% APY.

$0 per month





Minimum deposit to open


APY1.01% on balances of $0 to $1,000,000.01 with 15 qualifying point of sale debit card transactions, otherwise 0.01%
Fee$0 per month
Minimum deposit to open$100
ATMs90,000+ surcharge-free ATMs
Overdraft fee$35

Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

The Quontic Bank High Interest Checking account offers no monthly fees and an impressive interest rate of 1.01% APY.

But you’ll need to jump through a few hoops to secure that rate every month. You need to make at least 15 separate qualifying purchases over $1 with your debit card, otherwise your rate drops to 0.01% APY. Plus, while you have the option to withdraw cash, you can’t make any cash deposits.

How do I open a Quontic Bank High Interest Checking account?

Open your account in three minutes by following these steps.

  1. Go to the provider’s site and follow the steps to apply.
  2. From the provider page, under Banking in the menu bar, select High Interest Checking
  3. Click or tap Get Started
  4. Fill in your basic info, including your name and email address
  5. Verify your email address by inputting the login code you receive via email
  6. Enter your home address
  7. Add your funding details and follow the prompts to complete your application


To qualify for a Quontic Bank High Interest Checking account, you’ll need to meet these requirements:

  • At least 18 years old
  • US citizen or permanent resident
  • An external bank account to transfer your opening funds

Required information

The account opening process requires the following pieces of information:

  • Name and date of birth
  • Social Security number
  • Contact information, including your address and phone number

What are the benefits of a Quontic Bank High Interest Checking account?

Take advantage of these key features with this high yield checking account.

  • Competitive rate. While the national average interest rate for interest checking accounts is 0.04% APY, Quontic Bank offers a Herculean 1.01% APY.
  • No monthly fees. No monthly account maintenance or service fees to stress over.

Quontic Bank‘s ATM network and fees

Use your Quontic debit card for free at any of the 90,000 participating ATMs across the country.

Quontic Bank is part of these ATM networks:

  • AllPoint Network
  • MoneyPass Network
  • SUM program
  • Citibank ATMs located in Target, Walgreens, CVS, Kroger, Speedway, Safeway, Winn Dixie and Circle K.

If you use a non-network ATM, Quontic Bank won’t charge you a fee, but the ATM owner may.

What should I look out for?

Consider these drawbacks to make sure this checking account is right for you.

  • Required transactions. You must complete 15 qualifying debit card transactions to qualify for the 1.01% APY, otherwise your interest drops to 0.01% APY.
  • No cash deposits. While you can withdraw cash from a network ATM, you can’t deposit cash to your checking account.

If you don’t want to keep track of your number of monthly debit card purchases, shop around for another high-yield checking account.

What is a Quontic Bank qualifying debit card transaction?

Qualified transactions include those that are made as a point of sale (POS) debit card purchase over $1. While you can make a purchase online or in-store, not all merchants categorize online purchases as a POS transaction. So it may be difficult to know how many qualifying transactions you really have.

Compare Quontic Bank High Interest Checking with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 1.00%
55,000 free in-network ATMs
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Citibank® Account Package
Citibank® Account Package
No access to ATMs
Earn a $300 bonus after opening new eligible checking and savings accounts and completing required activities.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
HSBC Premier Checking
Free to use at all ATMs in the US
Get a 3% cash bonus in the first six months (up to $600) or $450 welcome bonus when you open your account with qualifying activities. Must open HSBC Premier checking account through offer page by June 30, 2021, 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.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
38,000 fee-free ATMs nationwide
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

How do I deposit or withdraw my money?

You can withdraw and add funds to your Quontic Bank High Interest Checking account in several ways.

Funding options

  • Mobile remote check deposits
  • Direct deposit or ACH transfer
  • Wire transfer

Withdraw options

  • Writing a check
  • ACH transfer
  • Wire transfer
  • ATM cash withdrawal with your debit card

What other checking options does Quontic Bank offer?

Quontic Bank has two other checking account options:
  • Bitcoin Rewards Checking. Earn 1.5% Bitcoin on eligible debit card purchases. But you’ll need $500 to open an account and it’s only available in select states.
  • Cash Rewards Checking. Get up to 1.5% cashback on qualifying debit card purchases. The minimum deposit to open an account is $100.

Frequently asked questions

How often is interest paid?
Interest is paid once every monthly statement period.

How do I find a participating ATM?
Use Quontic Bank’s ATM locator on its website to find a network ATM.

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