Quontic Bank Review 2023
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At a glance

CDs
Checking
Savings
MMA
About Bankrate Score
Overview
Quontic Bank is a digital bank that offers a range of deposit accounts with competitive rates and affordable minimum deposit requirements. In addition to earning a high rate, the savings account requires a low minimum deposit and charges no monthly service fees. Among the bank’s innovative offerings are a Bitcoin rewards checking account as well as a wearable payment ring that allows for contactless debit card purchases.
Highlights
- Low Min Balance
- High APY

Bankrate Savings rating = 4.9/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

Bankrate Savings rating = 4.7/5
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.

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
Quontic Bank is an online bank headquartered in New York known for innovation and paying competitive rates. Those looking for in-branch banking will need to look elsewhere, however.
Pros
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Competitive rates on deposit products.
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Savings accounts require just $100 to open.
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Access to more than 90,000 free ATMs nationwide.
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Money can be transferred using Apple Pay, Google Pay, Samsung Pay and Zelle.
Cons
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Quontic has five loan offices but no bank branches.
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While Quontic’s savings account rate is competitive, higher yields can be found elsewhere.
Quontic Bank bank products
Quontic Bank savings overview
Pros
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A $100 deposit is all that is needed to open a High Yield Savings account.
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There’s no monthly service fee.
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The APY is well above the national average.
Cons
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Once six transactions have been made per statement cycle, a $10 fee is charged for each additional one.

Bankrate Savings rating = 4.9/5
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
Quontic Bank earns top marks for its generous ATM network, with more than 90,000 free ATMs nationwide.
Quontic’s app offers mobile banking staples, like depositing checks and paying bills. Checking customers can order a wearable payment ring in addition to a debit card, for those interested in making contactless payments.
Customer service hours are 9 a.m. to 6 p.m. Eastern time Monday through Friday. The bank’s website also features a chat function for customer inquiries.
About Quontic Bank
Quontic Bank is an innovative bank that began as Golden First Bank, a small, troubled bank purchased by real estate investor and developer Steven Schnall.
Headquartered in New York, Quontic offers certificates of deposit, as well as checking, savings and money market accounts.
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.