Quontic Bank Review 2022
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A digital bank, Quontic offers a range of deposit accounts with minimal minimum-deposit requirements.
- 24/7 Customer Service
- Low Min Balance
Quontic Bank is an online bank headquartered in New York known for innovation and paying competitive rates.
Competitive rates on deposit products.
Savings accounts require just $100 to open.
Access to tens of thousands of free ATMs nationwide.
Money can be transferred using Apple Pay, Google Pay, Samsung Pay and Zelle.
Quontic has five loan offices but no bank branches.
Quontic Bank bank products
Quontic Bank savings overview
A $100 deposit is all that is needed to open a High Yield Savings account.
No monthly service fee.
Quontic matches the monthly interest you earn on its Drawbridge Savings account with a donation to its COVID-19 relief fund.
Balances above $250,000 earn a significantly lower APY with the Drawbridge Savings account. However, always stay within Federal Deposit Insurance Corp. (FDIC) limits and guidelines (which is $250,000 per depositor).
Quontic Bank earns top marks for its generous ATM network, with tens of thousands of free ATMs nationwide.
Quontic’s app offers mobile banking staples, like depositing checks and paying bills.
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, and checking, savings and money market accounts.
In 2020, Quontic Bank made a splash by launching a bitcoin rewards checking account, which is available in most states.
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