FNBO Direct offers online checking with no fees, including free canceled payments and domestic wire transfers.

FNBO Direct offers online checking with no fees, including free canceled payments and domestic wire transfers.

FNBO Direct Online Checking Account

Our experts at Insider answer readers’ banking questions and provide unbiased product reviews. In this article, we will be discussing the FNBO Direct Online Checking Account and the FNBO Direct Online Savings Account. Both accounts offer several benefits that make them worth considering for your banking needs.

FNBO Direct Online Checking Account

The FNBO Direct Online Checking Account stands out among other online checking accounts for several reasons. First, it offers free stop payments, allowing you to cancel a payment already sent. This feature can be incredibly useful in case of any mistakes or changes in plans. Additionally, FNBO Direct provides free domestic incoming wire transfers, making it convenient for receiving money.

One of the downsides of this account is that it doesn’t have paper checks. However, if you are comfortable with online banking, you can use Popmoney to send mobile or email payments. Overall, the FNBO Direct Online Checking Account is an excellent fee-free option, especially if you value the benefits it provides.

FNBO Direct Online Savings Account

If you are searching for a fee-free online savings account, the FNBO Direct Online Savings Account might be worth considering. However, it’s important to note that there are other accounts with higher interest rates available. Although the interest rate on this account is decent, you may find better options in our best savings accounts guide.

How FNBO Direct Works

FNBO Direct is an online division of First National Bank of Omaha, offering both the high-yield savings account and the interest-earning checking account. The best part is that anyone in the US can open an account with FNBO Direct. This means that regardless of your location, you can take advantage of its features.

One of the notable benefits of banking with FNBO Direct is access to over 2 million fee-free ATMs. You can use any bank ATMs or Allpoint ATMs without incurring extra charges. Additionally, customer service is available 24/7 by phone, ensuring that any concerns or questions can be addressed promptly.

When it comes to mobile banking, FNBO Direct has a dedicated app. However, it is worth mentioning that the app’s ratings are not exceptional, with a 3.3 out of 5 stars rating in the Google Play Store and a 2.4 out of 5 stars rating in the Apple Store. While this may not necessarily reflect the overall experience, it’s important to consider the app’s performance if mobile banking is a priority for you.

Trustworthiness and BBB Score

First National Bank of Omaha, the parent company of FNBO Direct, has a good reputation and hasn’t been involved in any recent public scandals. Furthermore, FNBO Direct has received an A+ rating from the Better Business Bureau (BBB) for its customer service and business practices. While a BBB score is not the sole factor to consider, it does provide some insight into the overall reliability and trustworthiness of the bank. To make a more informed decision, you may want to read customer reviews or speak to existing customers of FNBO Direct.

FNBO Direct vs. Bank5 Connect

In comparing FNBO Direct to Bank5 Connect, there are a few key differences to consider. FNBO Direct offers a higher interest rate on its savings account compared to Bank5 Connect. However, when it comes to checking accounts, both institutions provide solid interest-earning options without monthly service fees.

Some additional features to note are that FNBO Direct offers free stop payments and incoming domestic wire transfers, while Bank5 Connect refunds up to $15 each month in out-of-network ATM fees. Additionally, if you are interested in opening a certificate of deposit (CD), Bank5 Connect is the only option as FNBO Direct doesn’t offer CDs.

FNBO Direct vs. Chime

Chime is another online banking platform that offers both a high-yield savings account and a checking account. Comparing FNBO Direct to Chime, there are a few key factors to consider. While Chime offers the unique feature of rounding up debit card purchases to the nearest dollar for automatic savings, FNBO Direct offers a slightly higher interest rate on its savings account.

Another important point to consider is the account opening process. Chime requires you to first open the Chime Checking Account before being able to open the Chime Savings Account. In contrast, with FNBO Direct, you have the freedom to open either the online savings account or the online checking account independently, depending on your preferences.

Frequently Asked Questions

If you have any questions or concerns about FNBO Direct, here are some answers to frequently asked questions:

  1. Is FNBO Direct FDIC insured? Yes, FNBO Direct is FDIC insured. This means that customers’ deposits are protected up to $250,000 in an individual bank account.

  2. Are there any fees associated with the FNBO Direct Online Checking Account? No, the FNBO Direct Online Checking Account has no monthly service fees.

  3. Can I use ATMs without incurring additional charges? Yes, with FNBO Direct’s extensive network of over 2 million fee-free ATMs, you can withdraw cash without worrying about extra fees.

In conclusion, the FNBO Direct Online Checking Account and the FNBO Direct Online Savings Account offer various benefits, including fee-free features and competitive interest rates. However, it’s important to weigh these benefits against your specific banking needs and preferences, as there may be other options that better suit your requirements. Regardless of your choice, both FNBO Direct and the alternatives mentioned provide reliable and trusted banking services to consider.