BankDirect Review 2022
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Consumers looking for an established online-only financial institution may want to consider BankDirect.
- ATM Fee Refunds
- Free Checking
BankDirect is an online-only bank that features competitive rates on some products and is available to customers in all 50 states.
You can access cash at more than 55,000 surcharge-free ATMs through the Allpoint network.
The rates on some products are competitive.
There are no physical branches.
There is a high minimum deposit required for CDs.
The money market and interest checking require high balances to earn top rates.
You can find better savings account rates elsewhere.
BankDirect bank products
BankDirect savings overview
There is a low minimum opening balance requirement of $100.
There is no monthly fee.
Higher APYs are available elsewhere.
BankDirect is a member of the Allpoint network, providing customers fee-free access to more than 55,000 ATMs nationwide. The BankDirect app offers basic functions such as bill pay and mobile check deposits but doesn’t offer more robust features such as a peer-to-peer payment option. Customer support by phone is limited to weekdays.
BankDirect is the national internet banking division of Texas Capital Bank. It was established in 1999 and provides banking products nationwide.
BankDirect and Texas Capital Bank operate independently.
We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.