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Quontic High Interest Checking Account Review: High APYs With No Fees

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Quontic High Interest Checking offers competitive APYs on most balances with no monthly maintenance fees. It's a great option for individuals looking to maximize savings, but Quontic offers no way to deposit cash to the account. Learn more about this checking account and other alternatives in our Quontic High Interest Checking review.

Quontic High Interest Checking
Open Account

Member, FDIC

Rates as of Dec. 2, 2022
Member, FDIC
Rating image, 4.50 out of 5 stars.
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.50/5
APY
Up to 1.10%
Min. To Earn APY
$1
  • Innovative Bitcoin Rewards Checking account
  • Excellent customer service
  • No monthly maintenance fees
  • Missing some common CD terms
  • Checking accounts not ideal for infrequent debit card users

10 debit card point of sale transactions of $10 or more per statement cycle required to earn the maximum APY. If the qualifying activity requirement is not fulfilled, the interest rate paid on the entire balance will be 0.01% APY.

Full Quontic High Interest Checking review

Top perks

Competitive APYs

If qualified, you can earn up to Up to 1.10% APY on all account balances. To qualify, accountholders need to make at least 10 qualifying debit card transactions of at least $10 per statement cycle.

No monthly fee

Quontic doesn't charge a monthly maintenance fee on High Interest Checking accounts.

Fee-free ATMs

Quontic customers have access to over 90,000 fee-free ATMs through several partner ATM networks including Allpoint, MoneyPass, SUM, and Citibank.

Low opening deposit

You can open a High Interest Checking account for as little as $100.

What could be improved

Point-of-sale requirements

To earn interest, you must make at least 10 qualifying point-of-sale transactions of at least $10 each per statement cycle.

No cash deposits

As a mostly online bank, Quontic doesn't offer a way for most customers to deposit cash into their checking account.

Inactivity fee

If you don't use your account, you could eventually be subject to a $5 dormant account fee per month.

Fees

Quontic High Interest Checking Monthly Maintenance ATM Withdrawal Overdraft Stop Payment Insufficient Funds
Fees $0 $0 $0 $20 $0

How to access your money

Despite no physical branches, there are still plenty of ways to access your funds quickly, most of which don't carry a fee.

Deposit options

Use any of the following methods to fund your Quontic High Interest Checking account:

  • ACH transfer
  • Direct deposit
  • Mobile check deposit
  • Check by mail
  • Wire transfer

Quontic doesn’t offer any way for customers to make cash deposits directly, so you’ll need to make other arrangements to fund your account.

Withdrawal options

You can choose from any of these methods to withdraw money from your Quontic High Interest Checking account:

  • ATM
  • Electronic bank transfer
  • Wire transfer
  • Physical checks

As we mentioned earlier, Quontic customers have access to over 90,000 fee-free ATMs across the country.

Alternatives to consider

Quontic High Interest Checking is competitive with other top checking accounts, but it may not be ideal for you. Here are some other checking accounts to consider.

Ally Interest Checking could be a good alternative to Quontic's checking account. It doesn't offer nearly as high interest rates, but it also doesn't require jumping through extra hoops to earn interest. While you won't earn the highest rate unless you plan to keep a balance over $15,000, you'll still earn a decent rate on lower balances. Plus, there's no minimum balance requirements with Ally Interest Checking.

TIAA Bank Yield Pledge Checking accounts also earn interest and give customers no-fee access to Allpoint and Moneypass ATM networks. Plus, customers have access to ATM fee reimbursements from $15 a month to unlimited reimbursements depending on account balance.

Rates as of Dec. 2, 2022
Offer
 
 
Account
Rating
Rating image, 5.00 out of 5 stars.
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
5.00/5
Rating image, 4.50 out of 5 stars.
Info Icon Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair
= Poor
4.50/5
APY Up to 0.25% 0.14%
Min. to earn APY $1 $0
Next Steps

This checking account is right for you if:

Quontic High Interest Checking is a good fit for people looking to earn high-yield interest on an everyday bank account without paying fees. This checking account offers some of the best rates we've seen, especially for higher account balances.

Remember, you need to meet the account's point-of-sale requirements to earn interest, so only consider the account if you are confident you'll qualify. It's also good for those who prefer online and mobile banking to in-person banking service.

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