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Redneck Rewards Checking account review

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Go hog wild and earn up to 0.7% APY — but watch out for activity requirements and pesky fees.

If you want a fully digital checking account that looks like it was designed with Larry the Cable Guy in mind, the Redneck Rewards Checking account may be for you. It’s full of southern twang and personality. But most important, unlike most checking accounts this one pays interest. It boasts a 0.7% APY and up to $25 in monthly ATM rebates when you opt in to electronic statements and make at least 10 debit card purchases a month.

$0 per month

Fee

Up to 0.70%

APY

$500

Minimum deposit to open

Details

APY0.70% on balances of $0 to $10,000 when you opt in to e-statements and make at least 10 transactions a month with your debit card
0.25% on balances of $10,000+
Fee$0 per month
Minimum deposit to open$500
ATMsRedneck will refund up to $25 of foreign ATM fees each monthly statement cycle
ATM transaction fee$0
ATM fee rebatesRedneck will refund up to $25 of foreign ATM fees each monthly statement cycle
Out-of-network ATM fee$0.75
Nonsufficient funds fee$25

Expert review

Cassidy Horton

Review by


Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

The Redneck Rewards Checking account puts you high on the hog with 0.7% APY and up to $25 in ATM rebates, but only when you opt in to e-statements and make at least 10 transactions a month with your debit card.

If you don’t think you can meet the monthly transaction requirements, you might find another interest-bearing checking account that doesn’t require as much work, like the NBKC Personal Account.

How do I open a Redneck Rewards Checking account?

New customers can sign up for a Redneck Rewards Checking account in nine steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the official Redneck Bank website, click High Interest Accounts.
  3. Select Redneck Rewards Checkin‘ Account in the drop-down menu and click Open Account.
  4. Select Redneck Rewards Checkin‘ Account from the product list and click Start Application.
  5. Select that you’re a new customer and click Continue.
  6. Enter your name, email address, Social Security number, date of birth, citizenship status, US residential address and employment status.
  7. Review the account agreements, answer the security question and click Continue.
  8. Follow the prompts to verify your identity, review and submit your application.
  9. Set up your initial deposit from another bank account.

Your Redneck Bank debit card should arrive in the mail five to 10 business days after you fund your new account.

Eligibility

The Redneck Rewards Checking account is open to those who meet specific requirements:

  • At least 18 years old
  • US citizen or resident
  • Valid Social Security number
  • Initial deposit of $500

Required information

You’ll need the following information when you apply online:

  • Full name, date of birth and email address
  • US residential address
  • Social Security number
  • Driver’s license or state ID number
  • Employment status
  • Mother’s maiden name for security question

What are the benefits of a Redneck Rewards Checking account?

The FDIC-insured Redneck Rewards Checking account comes with online and mobile banking among other benefits:

  • Interest-bearing checking. Earn 0.7% APY on the first $10,000 in your account and 0.25% on balances above $10,000 when you meet monthly activity requirements.
  • International ATM refunds. Redneck Bank refunds up to $25 in ATM fees worldwide each month when you meet monthly activity requirements. Otherwise, expect to pay $0.75 plus operator fees each time you withdraw funds.
  • No monthly maintenance fee. You don’t have to worry about pesky monthly fees eating into your balance with this checking account.
  • No minimum balance. After an initial $500 deposit, you aren’t required to maintain a stated amount to earn interest.

What should I look out for?

The digital Redneck Rewards Checking account comes with potential drawbacks to weigh against the strong interest rate:

  • Monthly activity requirements. To earn up to 0.7% APY, you must opt in to electronic statements and make at least 10 transactions a month with your debit card. Otherwise, your APY reverts to 0.25% on your total balance.
  • Cap for online bill pay. Unlike checking accounts at other banks that offer free bill pay, this one limits you to 10 free online bill pay transactions a month. After that, you’ll pay $0.50 for each transaction.
  • High opening deposits. You’ll need at least $500 to open this account. That’s on par with other interest-bearing checking accounts, but it’s much higher than everyday checking accounts.
  • Paper statement fee. You must opt out of paper statements to avoid a $3 monthly fee.
  • Online bank. This is a fully online bank. If you prefer to do your banking in person, you’ll want to look elsewhere.

If you want a high-yield checking account that doesn’t have as many activity requirements or fees, compare other interest-bearing checking options.

Redneck Bank’s ATM network and fees

Redneck Bank is a fully digital bank that doesn’t have its own ATM network. Instead, it relies on a third-party network of more than 1,000 ATMs nationwide.

You’ll pay $0.75 plus ATM operator fees each time you withdraw cash. But Redneck Bank reimburses up to $25 in fees when you meet the monthly activity requirements.

Compare with other checking accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
HSBC Premier Checking
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, 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.
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 up to a $250 signup bonus when you meet deposit requirements
Axos Bank Essential Checking
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
$50
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.
Aspiration Spend & Save Account
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
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How do I deposit or withdraw my money?

Here are all the ways you can deposit and withdraw money from your Redneck Rewards Checking account.

Deposit

  • Direct deposit
  • Check via US mail
  • Mobile check deposit through the bank’s app
  • Wire transfer
  • ACH transfer from another bank
  • Person-to-person transfer
  • Transfer from a Redneck Mega Money Market account

Withdrawal

  • ATM withdrawal
  • Cash back at a retailer
  • Wire transfer
  • ACH transfer to another bank
  • Person-to-person transfer
  • Transfer to a Redneck Mega Money Market account

Frequently asked questions

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