Bank Accounts

This site focuses on two main things when it comes to bank accounts:

We also have a page dedicated to hub accounts (e.g what account you should use for your regular banking) that lists limits and fees for the more popular accounts.

The Doctor of Credit Difference

Unlike other sites we take putting our readers first seriously. One of the ways we do this is by not using any bank account affiliate links, this means that unlike other sites we don’t get paid whenever we recommend a particular bank/account over another one. This means we can remain truly unbiased and only promote the best accounts to our readers, this is easily reflected by the fact the highest saving accounts rates we have published is 1.5% APY for a basic account and 5% APY for a rewards account. Significantly higher than other sites.

General Information

Bank Account Bonuses

High Interest Savings Accounts

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BC
BC (@guest_1760908)
December 18, 2023 22:52

I got a mailer for a $200 bonus with Citi that explicitly accepts Zelle, Venmo, and Paypal deposits as well as standard DDs. I’m in the bay area, so maybe it’s regional.

https://citi.com/directdepositbonus

MCT
MCT (@guest_1709455)
October 5, 2023 12:06

I received a targeted email from Webull for a $10 to $3,000 bonus for depositing to a cash management account and maintaining the balance until 5/7/24. There are multiple tiers to this bonus from a $10 to $3000 bonus. The $300 bonus tier for depositing $25k seems to be the best bonus. The cash management account also earns 5% APY and is FDIC insured.

https://act.webull.com/actv2/routine/assetladder/index.html

“Net Deposit = The sum of funds deposited or transferred into your account between 09/25/2023 12:00 AM ET- 10/30/2023 11:59 PM ET minus funds withdrawn or transferred out of your account from 09/25/2023 12:00 AM ET-5/7/2024 11:59 PM ET. You can, however, use the deposited funds to trade. Losses due to trading, market volatility, or margin debit balance will not affect the calculated net deposit.”

Kim
Kim (@guest_1706522)
September 30, 2023 21:31

Just heard about a 7% account at On Path Federal Credit union on up to $10k balance with 15 debit card purchases per month. I didn’t find anything here on that bank.

https://www.beonpath.org/personal/checking-new-/high-yield-rewards-checking/

RobertL
RobertL (@guest_1706524)
September 30, 2023 21:39

Shawn shared this in ‘Contact US’ on Sep 25, 2023
https://www.doctorofcredit.com/contact-us/#comment-1702223

Ostrich Rider
Ostrich Rider (@guest_1706542)
September 30, 2023 22:40

Chex Sensitive?

Zindella
Zindella (@guest_1523534)
January 1, 2023 10:02

Suggestion: a page for Banks That Have Inactivity/Dormancy Fees. Including the amount of time and the requirements on how to avoid if known (e.g., log in, make an internal transfer, external deposit, etc.). Maybe with a section on shopping portals. These are an incredible annoyance and mental load to track down individually, in my personal experience.

To start it off, Fairwinds CU has a dormancy fee of $10/mo if the balance is $500 after 12 months of inactivity. “Any activity” should prevent a dormancy fee. https://www.doctorofcredit.com/fl-fairwinds-credit-union-100-referral-bonus/#comment-1462608 https://www.doctorofcredit.com/fl-fairwinds-credit-union-100-referral-bonus/#comment-1239878

Service CU has an inactivity fee of $50 for the checking account after 12 months of no activity (i.e., no deposits or withdrawals). Withdrawals from an external account may not count, but internal transfers might. https://www.doctorofcredit.com/service-credit-union-100-checking-bonus-direct-deposit-not-required/#comment-1063679 https://www.doctorofcredit.com/service-credit-union-100-checking-bonus-direct-deposit-not-required/#comment-1363448

jace
jace (@guest_1540929)
January 24, 2023 11:36

scu is really easy to close with btw, did it through the chat in like 2 minutes

Anthony
Anthony (@guest_1643255)
June 28, 2023 10:52

Can you teach me bro I’m having problem to learn

Mark Smith
Mark Smith (@guest_1662338)
July 29, 2023 20:23

I need to learn some one should help me please

kino
kino (@guest_1499782)
December 1, 2022 14:59

NASB has an orange banner at the top of the site stating that if u want to move large amounts of money out u have to verify ur id thru secure email and copy of ur drivers license ( i spoke with them). looks like they’re having trouble competing with the other bks. or they may have hacking/theft problems ?

JCashman
JCashman (@guest_1417230)
July 30, 2022 14:23

When a bank requires two direct deposits but they don’t state the amount in their T&C’s, what is a safe amount to deposit to qualify? $100? $250$, $500? Or should I just call them and ask?

Jm
Jm (@guest_1482821)
November 7, 2022 23:07

I do 251 each and it works, not sure what banks are you going to apply but that should be it, depends on the total for the two, look for the fine print

Natalie
Natalie (@guest_1390084)
June 2, 2022 19:52

Is the 4% interest for Current only available if you also have a checking account?

Malik
Malik (@guest_1364655)
April 13, 2022 21:56

South State Bank bonus back until 6/30!

Abidjan
Abidjan (@guest_1356211)
March 31, 2022 13:07

We’re pleased to let you know that as of March 24, 2022, the rate on your CIBC AgilityTM Online Savings Account has increased to 0.57% APY.1 Your account has already been updated to reflect the new rate.

Trump
Trump (@guest_1318721)
January 20, 2022 12:22

U guys need to start doing crypto stable coin interest deposits. It’s the future

Arnold Rothstein
Arnold Rothstein (@guest_1323619)
January 30, 2022 17:11

It might be your future, but it ain’t mine. Crypto currency is speculation, nothing more. The time to buy crypto was 4 or 5 years ago. And then you should have sold most of it 6 months or a year ago. The last thing you want to do is invest in it now, because no matter what the fan-boyz want you to believe, there is no guarantee, I repeat, NO GUARANTEE, that it will be accepted as the new form of currency. And that means, like NFT’s, you could be left holding a bag of nothing. Very expensive nothing.

igneous
igneous (@guest_1739739)
November 19, 2023 01:23

this held up well