Quontic Bank
Quontic Bank is an online-only bank that was founded in 2009 and is headquartered in Astoria, New York. Quontic offers personal checking, savings, and certificate of deposit accounts, as well as mortgage loan products.
Quontic Bank Overview
Quontic Bank is an online-only bank that offers competitive yields on its money market, savings, and CDs, with the one exception being its checking account, which offers a yield at or near the national average for checking accounts. All accounts have a low minimum opening deposit and no monthly service charges. They offer ATMs through the Allpoint, MoneyPass, and Citibank networks, which means Quontic customers have fee-free access to more than 90,000 ATMs nationwide.
| Competitive APYs on a number of different accounts. | No physical branches. |
| Low minimum account opening deposit requirements. | Not all account rates are competitive. |
| No monthly service charges. | |
| Peer-to-Peer transactions available via Zelle. | |
| Access to more than 90,000 ATMs nationwide via the Citibank, Allpoint and MoneyPass networks. |
Quontic Bank Product Offerings
Savings Accounts
Quontic Bank offers only one savings account, their high-yield savings account, which has a low opening deposit requirement and offers a highly competitive APY. Here are the latest savings account details for April 2025:
Checking Accounts
Quontic Bank offers two checking account options, both of which do not assess monthly service charges and offer debit cards with access to the more than 90,000 ATMs the bank works with. Here are the latest account details for April 2025:
CDs
A certificate of deposit (CD) is a form of savings account that pays a fixed interest rate on the money in the account for a certain period, known as a term. Quontic Bank offers several CDs with varying terms and competitive APYs. All of the CDs have a required minimum opening deposit of $500. Here are some of their best CD offerings for April 2025:
Money Market Accounts
A money market account is an interest-bearing hybrid between a savings account and a checking account. Quontic Bank offers one money market account. The account features free checks and a debit card. Here are the account details for April 2025:
Bank Fees
Overdraft fee: None
Savings and Money Market Account withdrawals: None
Account closure fee: None
Wire transfer fee: $0 for incoming wires;
Non-network ATM fee: None
Monthly service charge: None
Stop payment fee: None
Paper statement fee: None
Quontic Bank Features
Quontic Bank customer service representatives are available via phone and chat from 9 a.m. to 6 p.m. Monday through Friday. Many of the 90,000 ATMs available to Quontic customers are available at convenient locations such as supermarkets and other retail stores. Quontic Bank also has a comprehensive and highly-rated mobile app that allows customers to manage their accounts from the comfort of their phone or computer.
Quontic Bank FAQs
Our Take
Quontic Bank is an excellent online-only bank with competitive APYs across many of its products, except one of its checking accounts. They do not charge any monthly fees for any account, but do have a $500 minimum opening deposit required for its CD account and $100 for all other types of accounts. The accounts that offer a debit card can be used at any of the more than 90,000 Allpoint, MoneyPass, and Citibank ATMs throughout the country. The one downside, as is the case with many online-only bank, is that accounts can only be funded via bank transfers from other banks. All in all, it is an excellent online-only bank for individuals who don't mind the fact that it must be used in conjunction with accounts at a different bank for funding and transfer purposes.
Methodology
Our editorial staff continually updates the information contained on our website. Our editorial staff has analyzed virtually all of the banks and credit unions that it follows, and it does weekly rate analysis for more than 250 prominent banks and credit unions. These institutions were chosen because they provide competitive APYs, low fees, and other factors we find important. These banks and credit unions often provide accounts that are available nationally. All of these banks are FDIC-insured, and all of these credit unions are NCUA-insured. Choosing an FDIC-insured bank or an NCUA-backed credit union assures that your money is protected as long as it stays within insurance limits and requirements.