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With the Quontic Cash Rewards Checking account, you can earn 1% cash back on eligible debit card transactions. The account has no monthly fees and, but there is a minimum of $100 to open an account. Your cash back reward will be paid and deposited into your checking account at the beginning of each new statement cycle. Quontic is also the first to offer a pay ring, which you can use to make debit card payments. Read our full Quontic Cash Rewards Checking review to learn if it could be a good fit for you.
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Quontic Cash Rewards Checking
Quontic is an online bank but has over 90,000 fee-free ATMs. With the Quontic Cash Rewards there are no monthly fees, minimum balance requirements, no overdraft, or NSF fees. There is a $100 minimum deposit required to open an account. Customers get 1.00% cash back on eligible debit card purchases. Quontic is the first bank to offer the Quontic Pay Ring -- the nation's first wearable payment ring.
We recommend comparing checking account options to ensure the account you're selecting is the best fit for you. To make your search easier, here's a short list of standout accounts.
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1% cash back on eligible debit card purchases: Qualifying debit card transactions earn 1.00% cash back on all eligible purchases every statement cycle.
No monthly fees, overdraft, or NSF fees: Quontic has no hidden fees. There are no monthly maintenance fees, overdraft fees, or non-sufficient funds fee
Large fee-free ATM network: There are no ATM fees for over 90,000 ATMs across the country. These include Allpoint® Network ATMs, MoneyPass® Network ATMs, SUM® program ATMs, or Citibank® ATMs located in Target®, Speedway®, Walgreens℠, CVS®, Kroger®, Safeway®, Winn Dixie®, and Circle K™.
Quontic Pay Ring: the nation's first wearable payment ring: Quontic is the first financial institution where you can pay with a ring. You don't need your debit card or mobile device to make a payment.
Monthly cap on rewards: In addition to no APY, the maximum cash back that you can earn is $50 per statement cycle, or $600 a year.
$100 minimum opening deposit: To open an account, you will need at least $100 to deposit.
No physical branches: Quontic is an online-only national bank with no branches. If you prefer to bank in person, then Quontic may not be right for you.
Quontic Cash Rewards Checking | Monthly Maintenance | ATM Withdrawal | Overdraft | Stop Payment | Insufficient Funds |
---|---|---|---|---|---|
Fees | $0 | $0 | $0 | $20 | $0 |
Even though Quontic is an online-only bank, there are several convenient ways to deposit and withdraw money from your account.
You can easily add money to your account through:
With a Quontic Cash Rewards Checking account, you can spend your money like any other checking account. You can take your money out several ways:
At The Motley Fool Ascent, we rate checking accounts on a five-star scale (1 = poor, 5 = best). We evaluate all checking accounts across four main criteria: brand and reputation, APY and rewards, fees and minimum requirements, and perks.
Our scores are weighted as:
Learn more about how The Motley Fool Ascent rates bank accounts.
All eligible accounts are FDIC insured and include advanced security monitoring.
Your cash back rewards will be paid and deposited into your checking account at the beginning of each new statement cycle.
Quontic is an online-only bank and has no physical branches.
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