Offer value details
Quontic describes High Interest Checking as an online checking account with a reviewed 1.10% APY opportunity when monthly debit-card activity qualifications are met, 90,000-plus surcharge-free ATMs, FDIC-insured deposit coverage, and no monthly maintenance fee listed.
Qualification requirements
The official page lists a $100 minimum opening deposit. To qualify for the 1.10% APY tier, Quontic says the account must have at least 10 qualifying debit-card point-of-sale transactions of $10 or more per statement cycle.
Fees and costs
Quontic lists no monthly maintenance fee for High Interest Checking. The product page also advertises no overdraft or foreign collection fees, while the schedule of fees should still be reviewed for other service charges such as wire, check, replacement-card, or returned-item fees.
Availability
High Interest Checking is a Quontic Bank deposit account, subject to account approval and official account terms. Quontic describes deposit insurance coverage up to applicable FDIC limits.
What to verify
- The 1.10% APY requires at least 10 qualifying debit-card point-of-sale transactions of $10 or more per statement cycle.
- Transactions Quontic excludes from qualification include ATM-processed transactions, transfers, non-Quontic debit-card transactions, cash-over transactions, P2P payments, loan payments, account funding, and third-party payment-account purchases.
- The rate sheet lists 0.01% APY when qualifications are not met.
- Paperless eligibility requires online-banking enrollment, a valid email address, and consent to electronic delivery.
- Quontic's fee schedule lists a $5 monthly dormant-account fee after 12 months of inactivity.
Confirm current provider terms
Rates, rewards, fees, qualification rules, eligibility, and deadlines can change. Review the provider terms before applying.