FNBO Direct Bank Review 2023
The Bankrate promise
At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation for .
At a glance

Checking
Savings
About Bankrate Score
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
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Overall
FNBO Direct is FNBO's online bank. It offers a checking account and a savings account nationwide, both of which offer a competitive APY. As an online-only bank, FNBO Direct doesn’t have physical branches you can visit, so you’ll need to be comfortable solely using ATMs to withdraw money. Moreover, the checking account doesn’t offer a checkbook; it’s a completely paperless experience, which may be a deal-breaker for some.
Pros
-
FNBO Direct doesn’t charge monthly maintenance fees on its checking and savings accounts.
-
Both checking and savings accounts earn interest.
-
You need only $1 to open an Online Savings Account or an Online Checking Account.
-
Checking account customers have access to a big ATM network.
Cons
-
FNBO Direct customers can't withdraw funds at an FNBO branch.
-
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 banking products
FEATURES
APY, or annual percentage yield, is the yearly return on a bank or investment account. APY as of 9/22/2023
FNBO Direct savings overview
Customers can manage the account online or through the bank's mobile app, but not at a branch since FNBO is an online-only bank. The account can be used with Popmoney, a service for transferring funds directly to others.
Pros
-
The Online Savings Account offers a competitive yield.
-
There is no minimum balance requirement.
-
The Online Savings Account doesn’t have a monthly maintenance fee.
-
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 up to $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.
-
See how rates for this account have changed over time. Interact with the trend lines to view APY by date.
FNBO DirectAPYAPYNational average APYHow do we get this data?
Offers featured here have been sponsored by our partners, which impacts how, where, and in what order the products appear.

APY, or annual percentage yield, is the yearly return on a bank or investment account.
APY, or annual percentage yield, is the yearly return on a bank or investment account.
Bankrate Savings rating = 5/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bank experience
FNBO Direct is an online-only 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 24/7.
FNBO Direct’s mobile app has received mediocre ratings in the Google Play and Apple App stores.
About FNBO Direct
FNBO Direct, which is FDIC-insured, is the online division of FNBO, formerly the First National Bank of Omaha. Although FNBO has been around since 1857, FNBO Direct is a relatively new addition to the bank’s lineup of divisions. That noted, 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
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.