Checking Account
Bank5 Connect Checking Account
FDIC InsuredRate verified by SwitchWize
APY
2.00%
APY · Updated Jun 18
Pros
- No monthly maintenance fee
- FDIC insured up to $250,000
Common Questions
How do I avoid a monthly maintenance fee?
Most checking accounts waive the monthly fee if you meet one condition: a minimum daily balance, a recurring direct deposit, or a minimum number of debit card transactions per cycle. Online-only banks often have no monthly fee at all.
Does opening a checking account affect my credit score?
Generally no — banks use ChexSystems (not a credit bureau) to screen applicants. A ChexSystems inquiry does not appear on your credit report and does not affect your FICO score.
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