Account | Timeline / Balance |
High-interest Checking | $0 – $150,000: 1.01% APY
$150,000.01 to $1 million: 0.45% to 1.01% APY Balances above $1 million: Up to 0.45% APY |
High-yield Savings | 3.20% APY |
Certificate of Deposit | 5 years: 4.45% APY
3 years: 4.30% APY 2 years: 4.15% APY 1 year: 4.00% APY 6 months: 3.25% APY |
Money Market | $0 to $4,999.99: 0.40% APY (daily balance)
$5,000 to $149,999.99: 0.50% APY (daily balance) $150,000+: 0.60% APY (daily balance) *May qualify for 3.00% APY on all balance tiers |
Quontic Bank Online Banking Review
Quontic Bank’s online banking service includes several accounts — checking, savings, money market, and Certificates of Deposit (CDs). These accounts come with minimal fees, low deposit requirements, and have high rates, making them both competitive and accessible.
Quontic Bank Online Banking Highlights
DEPOSIT AMOUNT
min $100
APY SAVINGS
Min 3.20%
APY CHECKINGS
Max 0.01%
ATM NETWORK
90000 atms
OTHER FEES
Yes
Pros & Cons
- A streamlined application process for traditional banking services
- Several accounts to choose from with high APYs
- 90,000+ free ATMs across the country
- No monthly fee on any accounts
- No physical branches for your banking needs
- Doesn’t have business-specific accounts
Account Type
- Checking
- Savings
Quontic Bank Checking Highlights
APY
Max 0.01%
Quontic Bank Savings Highlights
DEPOSIT AMOUNT
min $100
APY
Min 3.20%
APYs
Account Types
High-interest checking account
This checking account comes with 1.01% APY on balances up to $150,000. It requires a $100 opening deposit but has no added fees or minimum account balance. It also comes with a secure Mastercard.
Account Type | Key Features Bonuses |
High-interest checking account |
|
Cash rewards checking account
The cash rewards checking account comes with 1.5% cashback rewards on qualifying purchases. These rewards are deposited directly into your checking account each month. Opening an account requires $100, but there are no monthly service fees.
Account Type | Key Features Bonuses |
Cash rewards checking account |
|
Bitcoin rewards checking account
This unique account lets you earn 1.5% Bitcoin on qualifying debit card transactions. It does have a $500 minimum opening balance.
Account Type | Key Features Bonuses |
Bitcoin rewards checking account |
|
High-yield savings account
With 3.20% APY, Quontic’s high-yield savings account is a good option for those who regularly have a high balance in their account. The APY is higher than many competitors. As with the checking accounts, a $100 opening deposit is required for this account. However, there are no monthly service fees.
Account Type | Key Features Bonuses |
High-yield savings account |
|
Certificates of Deposit (CD)
Quontic’s CDs earn up to 4.45% APY and require an initial deposit of $500, which is low compared to many other banks. Certain penalties apply, such as when you try to withdraw funds before the maturity date. CD terms vary from six months to five years.
Account Type | Key Features Bonuses |
Certificates of Deposit |
|
Money Market Deposit Account (MMDA)
Opening a money market account requires a $100 minimum deposit but can earn you 3.00% APY on the account balance. Certain restrictions apply, as do excess transaction fees.
Account Type | Key Features Bonuses |
Money market account |
|
Opening an Account With Quontic Bank
Opening an account with Quontic Bank can be done entirely online. Start by clicking “Open an Account” from the website’s menu. If you’ve already opened an account or started an application, the information will be saved, and you can continue from where you left off.
From there, the process is straightforward and takes only a few minutes to complete. Begin by choosing the account that you want to open. Then, you’ll need to provide the following information:
- Full name
- Email address
- Phone number
- Whether you want a joint account
You’ll receive a confirmation email to the email address you inputted. Enter the code and continue the process. Then, continue filling out the application. Once that’s done, simply make the minimum opening deposit and you’re good to go.
State Availability
Available in all states
Privacy & Security
Quontic strives to be transparent about how they collect, use, share, and protect customer information. As an FDIC-member, deposits are ensured by up to $250,000, so you can be secure in the knowledge that your money is safe.
When it comes to data sharing, Quontic only shares public personal information with its affiliates and non-affiliates. The bank also offers Theft Protection on eligible deposit accounts and offers various other protections, such as multi-factor authentication.
On Trustpilot, Quontic has 467 reviews and 4.1 out of 5 stars. Some customers note the security features involved with setting up and accessing their account, though a few suggested they could be better.
Customer Support
In terms of customer support, Quontic’s received mostly favorable reviews regarding how helpful the representatives are. The team tends to respond quickly to emails and has very short wait times on the phone — often within the first couple of rings.
In Conclusion
Quontic Bank has roots as a community bank but has been building a reputation for itself as a national, digital bank focused on its customer. The bank takes an interesting approach to digital banking and lending, particularly when it comes to its mortgage programs, which range from FHA to VA loans.
What stands out about Quontic is that it’s FDIC-insured, has low fees on its checking, savings, and CD accounts, and has high rates. They also have a number of security measures, such as ID theft protection and zero liability protection for their Mastercard. Their US-based support team is also widely recognized for its superior customer service.
FAQ
Quontic Bank Disclaimer
In order to sign up for online banking, you must have a Quontic Bank account. Mobile banking requires enrollment through online banking. Data connection required. Wireless carrier fees may apply. There is no charge from Quontic Bank for account alerts, but message & data rates may apply. Mobile check deposit is available for select mobile devices. Subject to eligibility & further review. Deposits are subject to verification & not available for immediate withdrawal. Deposit limits & other restrictions may apply. Online Account Opening is only available to consumers. Ask for details. Data connection required to open an account online. Wireless carrier fees may apply. Application is subject to approval & further review. Information is accurate as of the date listed below and may change without notice.
1High Interest Checking Account is a conditional tiered variable rate account wherein you must deposit $100.00 to open this account. After fulfilling the minimum qualifying activity requirements per statement cycle of 10 qualifying Point of Sale debit card transactions equal to or over $10.00 per transaction, the 1.10% annual percentage yield (APY) applies to all balance tiers, which are identified as $0–$150,000, $150,000.01–$1,000,000 and balances over $1,000,000. If the qualifying activity requirement is NOT fulfilled, the annual percentage yield on the balance will be 0.01%. Ask for details. Additional terms, conditions, fees & exclusions may apply. Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. The following activities are not considered qualifying POS debit card transactions and do not count toward earning rewards: ATM- processed transactions; transfers between accounts; purchases made with debit cards not issued by our bank; cash over portions of point-of-sale transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash*); loan payments or account funding made with your debit card and purchases made using third-party payment accounts. Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Online Account Opening is only available to consumers. Data connection required to open an account online. Carrier fees may apply. Application is subject to approval. Information is accurate as of May 31, 2022 and may change without notice.
2Bitcoin Reward Checking account is a non-interest bearing personal checking account, requires a minimum of $500.00 to open the account, and does not require a minimum daily balance to earn Bitcoin rewards. Qualifying Point of Sale (POS) Debit Card Transactions (“Eligible Debit Card Transactions”) shall receive Bitcoin Rewards at the U.S. dollar value of 1.50% on all Qualifying POS Debit Card Transactions that post and settle to the Bitcoin Rewards Checking Account. Fees and terms are subject to change. Additional terms and conditions may apply. No Bitcoin Rewards will be paid if the Qualifying POS Debit Card Transaction requirements are not met or if the requirements for establishing an account with NYDIG Execution LLC (“NYDIG Account”) are not met. The following are not Qualifying POS Debit Card Transactions and do not count toward earning Bitcoin Rewards: ATM-processed transactions; transfers between accounts; purchases made with debit cards not issued by the Bank; cash over portions of POS transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash); loan payments or account funding made with your debit card and purchases made using third-party payment accounts (services such as Venmo®️ and PayPal™️, who also provide P2P payments). Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Bitcoin earned through this program can only be sold and redeemed for cash and cannot be transferred or spent. Bitcoin execution and custody services are provided by NYDIG Execution LLC (“NYDIG”). NYDIG is authorized by the New York State Department of Financial Services to engage in virtual currency business activity. To receive bitcoin services an account will be opened with NYDIG in which your bitcoin will be held (the “NYDIG Account”). Please refer to NYDIG’s User Agreement for more information, including applicable eligibility criteria. Bitcoin balances in your NYDIG Account are not insured by the Federal Deposit Insurance Corporation (FDIC), the Securities Investor Protection Corporation (SIPC), or any other public or private insurer. NYDIG does not make any recommendations regarding buying or selling bitcoin. There are risks associated with bitcoin trading, including possible loss of value. See NYDIG’s User Agreement. Individual transactions in the rewards program are not recorded on the blockchain. Information is published as of June 2, 2022.
3 Cash Rewards Checking Account is a personal noninterest bearing account. You must deposit $100.00 to open this account. No minimum daily balance required to receive the cash back reward and no monthly service fee. Qualifying point of sale (POS) debit card transactions shall receive 1.50% cash back that post and settle to the account each statement cycle. Ask for details. Additional terms, conditions, fees & exclusions may apply. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. The following activities are not considered qualifying POS debit card transactions and do not count toward earning rewards: ATM- processed transactions; transfers between accounts; purchases made with debit cards not issued by our bank; cash over portions of point-of-sale transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash*); loan payments or account funding made with your debit card and purchases made using third-party payment accounts. Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Application is subject to approval. Information is accurate as of May 26, 2022 and may change without notice.
4 High Yield Savings Account – $100 to open to account. Rates may change without notice. There is a $10.00 excess transaction fee for every transaction over six for preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. Ask for details. Additional terms, conditions, fees & exclusions may apply. Information is as of November 23, 2022.
5Money Market Account is a tiered variable account wherein 3.00% annual percentage yield applies to all balance tiers, which are identified as $0.01–$4.999.99, $5,000.00–$149,999.99 and balances over $149,999.99. Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. There is a $10.00 excess transaction fee for every transaction over six for preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per account statement cycle. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. Information is as of November 23, 2022.
6 Certificate of Deposit is a personal interest bearing account. You must deposit $500.00 to open this account. APY is accurate and effective as of November 23, 2022. APY may change thereafter for new accounts and upon renewal. Withdrawals before the maturity date are subject to penalties. Offer is subject to change at any time. Ask for details. Additional terms, conditions, fees & exclusions may apply. Fees could reduce earnings. Application is subject to approval.
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