BankDirect’s Smart Checking, the product scored for this review, requires no opening balance and charges no monthly maintenance fee. Overdraft fees, however, are steep.
The Checking with Interest account earns a competitive rate for account holders with a balance greater than $2,500.
The nonsufficient funds (NSF) fee is steep at $45 an item and exceeds the national average for NSF fees.
Checking with Interest requires a balance of $2,500 or more to avoid the $15 monthly fee.