Quontic Bank is a digital bank offering high-yield checking and savings accounts and free access to more than 90,000 ATMs. But watch out for high opening deposits, conditional APYs and minimum account balances.
What banking products does Quontic Bank offer?
Quontic Bank offers essential, high-yield banking accounts for personal and business use.
Personal banking
Quontic Bank High Interest Checking account. Offers a high 1.1% APY and no monthly fee. But you’ll need to make at least 10 debit card transactions a month of $10 or more to keep the high APY.
Quontic Bank High Yield Savings account. Earn 4% APY, but you’ll need $100 to open the account.
Quontic Bank Bitcoin Rewards checking. Earn up to 1.5% back in Bitcoin whenever you sign for a purchase or enter your PIN, but it’s not yet supported in every state.
Quontic Bank Money Market account. Earn 4.75% on your account balance.
Quontic CD. Offers six-month to five-year terms with APYs that range from 3% to 4%, but you’ll need $500 to open an account.
Other products
Mortgages. Choose between FHA, VA, jumbo, conventional and reverse mortgage loans.
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Quontic coupons
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Get a free Quontic Pay Ring
New and existing Quontic Bank customers can get a wearable payment ring. The ring is accepted in any Contactless Symbol terminal.
In addition to standard features like a debit Mastercard and mobile and online banking, Quontic Bank offers:
High APYs. Quontic Bank accounts offer high APYs.
Large ATM network. Quontic Bank teamed up with the Allpoint, MoneyPass, SUM and Citi networks to bring you free access to more than 90,000 ATMs worldwide.
Daily compound interest. Earn more interest even quicker when your money is compounded daily.
Pay Ring. Quontic Bank checking accounts are eligible for a wearable payment ring that allows you to make contactless purchases using only your hand. The ring is water- and scratch-resistant and doesn’t require charging. Use it at any payment terminal that has the Contactless Symbol.
What should I look out for?
Potential drawbacks of Quontic Bank include:
High opening balances. All accounts require minimum opening deposits of at least $500.
No business checking accounts. Businesses can open a savings account with Quontic Bank, but there are no checking options.
Lack of transparency. Although Quontic Bank advertises its checking account at 1.1% APY and its savings account with no monthly fee, you must meet specific requirements to enjoy these perks.
One branch location. Quontic Bank’s only branch location is in Astoria, New York, making it difficult to chat with someone in person.
Quontic Bank customer service
Quontic Bank’s customer support representatives are available Monday through Thursday from 8:30 a.m. to 5 p.m. ET and Fridays from 8:30 a.m. to 6 p.m. ET. Get in touch with Quontic Bank by:
Starting a live chat through its website.
Calling 800-908-6600 to speak with a representative.
Filling out the email request form on its website.
Visiting the branch location in Astoria, New York.
Bottom line
Quontic Bank offers some of the highest APYs we’ve seen to date, especially on its checking account. But if you’re looking for a bank with more branch locations or lower minimum opening balances, shop around for other high-yield accounts before you decide.
Frequently asked questions
What do I need to open a bank account with Quontic Bank?
You’ll need to have the following information on hand:
Government-issued photo ID
Social Security number
Employment status
Residential address
Date of birth
How is my interest calculated?
Quontic Bank compounds interest daily and credits your account monthly.
How many ATMs does Quontic Bank have?
Quontic Bank has teamed up with the Allpoint, MoneyPass, SUM and Citi networks to bring you surcharge-free access to more than 90,000 ATMs worldwide.
Cassidy Horton is a freelance personal finance copywriter and past contributing writer for Finder. Her writing and banking expertise have been featured in Forbes Advisor, Money, The Balance, Money Under 30, Insure.com, and other top digital publishers. She holds a BS in public relations and an MBA from Georgia Southern University. See full bio
The Quontic Bank Money Market account lets you write checks, make debit card purchases and earn interest. Find out its pros, cons and account eligibility requirements.
Quontic Bank’s great rates on long-term CDs come with high penalties for early withdrawal.
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