Monthly Fee $0 Balance to Open $0 ATM Network All ATM fees are reimbursed APY N/A However, PNC refunds up to $5 per statement period in ATM fees for Virtual Wallet account holders. If you use an out-of-network ATM, you’ll be charged a $3 fee or $5 if you withdraw overseas. If you choose to go ahead with the payment, PNC gives you 24 hours to deposit money into your account and avoid the overdraft fees. The mobile app even allows you to cancel a transaction - including checks - if it will overdraw your account. These tools are backed up by alerts that warn you when you’re about to overdraw your account or when a bill is coming due. They include calendars that keep track of upcoming bill payments and a “Money Bar” that allows you to set your personal budgets for things such as gas and restaurants. PNC’s money management tools allow you to be more proactive in tracking your finances. Reserve is an additional checking account that allows you to set aside money for specific bills and payments, while Growth is an interest-bearing savings account. Spend works much like your typical checking account. You may choose to have a Virtual Wallet with a Spend account only, or Spend, Reserve, and Growth accounts. The PNC Virtual Wallet account combines an online checking account with a savings account. Why we chose this company: PNC’s mobile app includes comprehensive money management features making it our best pick for managing your finances. Monthly Fee $7, waived with a $500 minimum balance or direct deposit Balance to Open $0 if opened online ATM Network 18,000 APY Varies by market However, it does not reimburse out-of-network ATM fees.ĭespite being an online bank, Axos for Nationwide does allow for cash deposits at participating retailers, namely 7-Eleven, ACE Cash Express, CVS, Dollar General, Kroger, Rite Aid Safeway, Walgreens and Walmart.īear in mind, however, that there is a $500 limit for cash deposits, with the exception of certain Walmart locations (up to $1,000) and ACE Cash Express locations (up to $1,500). Like other online-only banks, Axos charges no maintenance or overdraft fees. The advertised rate depends on meeting two requirements: recurring monthly direct deposits that equal $1,000 or more, and using your Visa debit card for at least ten transactions of $3 or more in a statement period. Why we chose this company: An APY that competes with many high-yield savings accounts makes Axos for Nationwide’s Advantage Checking account our best for high yields.Īxos Bank’s Advantage checking account stands out for its 0.90% APY - relatively higher than what many traditional banks offer. Monthly Fee $0 Balance to Open $50 ATM Network 80,000 APY Up to 0.90% 5% cash back for PenFed’s Visa credit card holders, for a total of 2%. While the checking account itself offers no cash-back rewards, it does provide an additional. There’s a $1.50 fee for every ATM withdrawal outside their network, plus any other fees charged by the ATM bank itself. The account includes a Visa Debit card with an integrated EMF chip, which allows for contactless payment at participating locations. PenFed charges a $10 monthly service fee, but this is waived if you keep a daily balance of $500 or set up a $500 monthly direct deposit. The account is also insured by the National Credit Union Share Insurance Fund (NCUSIF) up to $250,000. Why we chose this company: An extensive ATM network and account features that are comparable to traditional banks make PenFed our pick for best credit union.Īs of January 2022, PenFed’s Access America Checking account has a 0.15% APY for balances under $20k and a 0.35% APY for balances between $20k and $50k. Monthly Fee $10, waived with a $500 balance Balance to Open $25 ATM Network 85,000 APY 0.15% - 0.35%, depending on balance
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