Nbkc Bank Review 2024

NBKC Bank Everything Account

The Nbkc Everything Account combines everything you’d need and expect from a checking and savings account into one simplified option. This interest-bearing account offers an APY of 1.75%, with no minimum balance required.

You can use an Everything Account to spend, save and pay bills in one place. The same 1.75% APY applies across all balances, so the more cash you keep in your account, the more interest you can earn.

Everything Accounts are fee-friendly, with no:

• Minimum balance fees
• Overdraft fees
• Maintenance fees
• Foreign transaction fees

Since this is essentially a checking and savings account in one, Nbkc provides some helpful features that make it easier to manage your money. These include online bill payments, savings goal trackers and the option to link external accounts to your Everything Account so you can have a complete financial snapshot.

Nbkc claims that you can complete the online account opening process in as little as five minutes. To apply, you must be a U.S. citizen or resident alien who’s at least 18 years old. You’ll need a Social Security number and a government-issued ID to complete your application.

There’s no minimum deposit required, but any deposits made within the first 30 days of account opening will be held for five business days. In some cases, deposits may be held for up to nine business days before they become available.

You may also have to wait up to 90 days before you can send or receive international wire transfers. There is a fee for wire transfers. It’s $5 to send a domestic wire transfer but receiving one is free. International wire transfers cost $45 to send or receive.

CDs and Money Market Accounts

While the Everything Account makes it easy to save and spend, there are other ways to save and earn interest with Nbkc Bank. These options include:

• Money market accounts
• Health Saving Accounts
• IRA savings accounts
• Certificates of deposit (CDs)
• IRA CDs
• Add-on CD

The nbkc Personal Money Market Account offers 1.51% APY on all balances. There are no fees and no minimum balance requirements for this account.

nbkc Personal Health Savings Account and nbkc Personal IRA Savings are specialized options for earning interest on your money. The APY for these accounts is 1.01% and 0.15%, respectively, and, as with the money market account, there’s no minimum balance required to open either. However, you will need a minimum balance of at least $0.01 to earn interest with any of these accounts.

Nbkc Bank also offers Personal CD and IRA CD accounts with terms ranging from three months to five years. The APY for each CD is as follows:

For terms of up to one year, the minimum balance to open a CD account is $1,000. CDs with terms of two to five years have a lower minimum deposit requirement, of only $250. There’s also a special one-year Add-On CD (nbkc Add-On CD) you can open with $0. This CD earns 0.15% APY. An add-on CD allows you to make additional deposits during the term, which is one year in this case.

Total deposits can’t be greater than $240,000 per CD account. If you need to withdraw money from your CD ahead of its maturity date for any reason, an early withdrawal penalty may apply. There’s a minimum 75-day hold required before you can withdraw CD account funds.

All of these accounts can be opened online and, again, you need to be at least 18 and a U.S. citizen or resident alien with the proper ID and Social Security documentation.

Nbkc Bank gives you numerous ways to access and manage your money when and where it’s convenient for you.

For example, the Everything Account comes with a Mastercard debit card that’s compatible with Apple Pay, Venmo and other digital wallet apps. You can use this card to make purchases anywhere Mastercard is accepted or to make ATM transactions at more than 37,000 MoneyPass ATMs. If you have to use another ATM, Nbkc Bank will reimburse you up to $12 per month for any third-party ATM surcharges.

You can also manage your money online or via the Nbkc Bank mobile app. The app is free to download in the App Store or Google Play, so you have 24/7 access to your accounts. The Nbkc app includes tools for setting specific savings goals and for tracking your finances, with the ability to link external accounts.

You can add money to your account via mobile check deposit, direct deposit, at the ATM or through electronic transfers from a linked external account. There’s no limit on the number of direct deposit transactions you can have per month. You can withdraw up to $1,010 per day from your account. And you can make up to $2,500 in purchases per day, not including ATM withdrawals.

Nbkc Bank customer service is available by phone at 888-905-2165 Monday through Friday from 8 a.m. to 5 p.m. CST. Online and mobile banking are also available during that same window, but you’ll need to call 866-931-0850 instead. You can report a lost or stolen debit card anytime by calling 800-528-2273. Nbkc also supports live chat during regular customer service hours.

Nbkc Bank offers slightly less competitive APYs than some other banks and credit unions. However, the fact that there are virtually no fees—excluding those for wire transfers, and you can even get some ATM fees reimbursed—makes Nbkc Bank appealing if you’re looking for a cost-conscious way to bank. Nbkc Bank also offers credit cards and home, personal and auto loans.

Forbes Advisor rates banks based on various factors, including their fees, interest rates and ATM networks, among other characteristics. We assign separate ratings to financial institutions and their individual products, such as checking accounts, savings accounts and certificates of deposit (CDs). We rate banks based on a scale of one to five stars, with one star as the poorest rating and five stars as the best.

To learn more about our rating and review methodology and editorial process, check out our guide on How Forbes Advisor Reviews Banks.