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FNBO Direct Bank Review 2022

Updated November 15, 2022
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At a glance

4.3
Rating: 4.3 stars out of 5
Bankrate Score
Caret Down

Checking

Rating: 5 stars out of 5

Savings

Rating: 4.4 stars out of 5

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Overview

FNBO Direct is best for those who don’t need to write checks out of a checking account and who want an online savings account with a competitive yield.

Highlights

  • Free Checking
  • High APY
Compare offers
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4.3 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4.3 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 4.3 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

FNBO Direct is FNBO's online bank. It offers a checking account and a savings account nationwide.

Pros

  • Checkmark

    FNBO Direct doesn’t charge monthly maintenance fees on its checking and savings accounts.

  • Checkmark

    Both checking and savings accounts earn interest.

  • Checkmark

    You need only $1 to open an Online Savings Account or an Online Checking Account.

  • Checkmark

    Checking account customers have access to a big ATM network.

Cons

  • FNBO Direct customers can't withdraw funds at an FNBO branch.

  • You can find other online banks that offer higher yields.

  • The checking account doesn’t include checks, which may not be suitable for some consumers.

  • Certificates of deposit and a money market account aren’t available.

FNBO Direct bank products

4.4
Rating: 4.4 stars out of 5
Bankrate Score

FNBO Direct savings overview

FNBO Direct offers a competitive yield on its savings account. Only $1 is needed to open the account, and there’s no monthly service fee. You’ll earn interest on all balances. Interest is credited monthly.

Customers can manage the account online or through the bank's mobile app, but not at a branch. The account can be used with Popmoney, a service for transferring funds directly to others.

Pros

  • Checkmark

    The Online Savings Account offers a competitive yield.

  • Checkmark

    There is no minimum balance requirement.

  • Checkmark

    The Online Savings Account doesn’t have a monthly maintenance fee.

  • Checkmark

    You start earning interest on your first penny in the account.

Cons

  • There are limits to how much you can withdraw. For example, you can’t withdraw more than $100,000 on a business day or in a single transaction.

  • The bank’s Next Day Transfer Service is limited to a transfer of $3,000 in a business day, $3,000 in a single transaction or $10,000 in any one month.

  • The fee for an outgoing domestic wire transfer is $15.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4.3 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

FNBO Direct is an online bank and it doesn’t have any branches. Customers can use Popmoney to transfer money to others. Digital payments from the Online Checking Account can be made with Apple Pay or Samsung Pay. Online accounts are accessible 24/7, and FNBO Direct customers have access to customer service by telephone, though hours of availability aren’t noted on its website.

FNBO Direct’s mobile app has received mediocre ratings in the Google Play and Apple App stores.

About FNBO Direct

FNBO Direct is the online division of FNBO, formerly the First National Bank of Omaha. Even though FNBO Direct accounts are offered through FNBO, FNBO Direct customers can't withdraw money with an FNBO branch teller.

FNBO Direct has two personal accounts, and both earn interest: a checking account and a savings account. They are available to residents in all 50 states. Online Checking Account customers can use the Allpoint ATM network, which includes 55,000 surcharge-free ATMs. FNBO Direct also offers mobile banking and the ability to send person-to-person payments using Popmoney.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

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.