The monthly fee is fortunately waived as long as you make direct deposits totaling $500 or more.
The overdraft fees are high with a $32 per overdraft transaction plus $7 per day your account remains in a negative balance. They do have a grace period of a couple days, allowing you to make a deposit to cover the overdraft within that time frame to null and void the fees. So while they are lenient in allowing you to correct your mistake, the punishment/fee is still ludicrously high.
Most of my deposits (direct deposits and checks) clear within a single business day and are available to use in my account. This is extremely fast, as most other banks take about 3-5 business days for funds to appear.
The interest rate does not apply to me, as I normally do not save up the $2k mark. But even if I did, it's better off putting it into investments or a savings account with a higher interest rate. The interest rate here is laughable, but like most people, I use a checking account to spend money not save it. Still, if an account is advertised as "interest checking", the ability to gain that interest on your account should be more attainable.
I use this checking account for disposable income, and like I said, I do not have $2k as disposable income per month. If you do, then I suppose the interest will be a nice little bonus for you.… show more