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Compare FNBO Direct products
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FNBO Direct Online Savings Account
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FNBO Direct Online Checking Account
Editor’s Rating
Editor’s Rating
Overall bank rating
Pros and cons
FNBO Direct Online Savings Account
Annual Percentage Yield (APY)
2.15%
Minimum Deposit Amount
$1
FNBO Direct Online Savings Account
Annual Percentage Yield (APY)
2.15%
Minimum Deposit Amount
$1
Details
Annual Percentage Yield (APY)
2.15%
Minimum Deposit Amount
$1
Pros & Cons
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Highlights
The FNBO Direct Online Savings Account might be worthwhile if you’re searching for a fee-free online savings account.
However, our best savings accounts guide has accounts with higher interest rates.
FNBO Direct Online Checking Account
Annual Percentage Yield (APY)
0.15%
Minimum Deposit Amount
$1
FNBO Direct Online Checking Account
Annual Percentage Yield (APY)
0.15%
Minimum Deposit Amount
$1
Details
Annual Percentage Yield (APY)
0.15%
Minimum Deposit Amount
$1
Pros & Cons
Highlights
The FNBO Direct Online Checking Account is an excellent fee-free online checking account. If you need to cancel a payment already sent, FNBO Direct has free stop payments. You also get free domestic incoming wire transfers and one free overdraft refund every 12 months.
The one downside to the account is that it doesn’t have paper checks. You’ll have to be comfortable with online banking to use Popmoney to send mobile or email payments.
How FNBO Direct works
FNBO Direct is an online division of First National Bank of Omaha.
The online operation has a high-yield savings account and an interest-earning checking account that anyone in the US can open.
You’ll also have access to over 2 million fee-free ATMs; customers may use any bank ATMs or Allpoint ATMs.
Customer service is available 24/7 by phone.
The bank’s mobile app has 3.3 out of 5 stars in the Google Play Store and 2.4 out of 5 stars in the Apple Store.
FNBO Direct is FDIC insured. You may deposit up to $250,000 in an individual bank account.
FNBO Direct trustworthiness and BBB score
First National Bank of Omaha hasn’t been involved in any recent public scandals.
The Better Business Bureau grades businesses by looking at responses to customer complaints, honesty in advertising, and transparency about business practices.
FNBO received an A+ rating from the BBB.
A BBB score isn’t necessarily the be-all and end-all. Consider talking to customers or reading online customer reviews to see if FNBO Direct is a good choice for you.
FNBO Direct vs. Bank5 Connect
FNBO Direct pays a higher interest rate on its savings account than Bank5 Connect.
If you are interested in opening a checking account, it’ll boil down to your preferences.
Both institutions offer solid interest-earning checking accounts with zero monthly service fees. FNBO Direct won’t charge you a fee for incoming domestic wire transfers or stop payments. Meanwhile, Bank5 Connect will refund you up to $15 each month in out-of-network ATM fees.
When it comes to CDs, Bank5 Connect will be your only option. FNBO Direct doesn’t offer CDs.
FNBO Direct vs. Chime
Chime is an online banking platform with a high-yield savings account and a checking account. Below, you’ll see how the two institutions match up.
The Chime Savings Account comes with the option of rounding up debit card purchases to the nearest dollar so you can put change into your savings account. Meanwhile, FNBO Direct offers a slightly higher interest rate on its savings account.
However, you’ll also want to factor in which accounts you’d like to open.
Chime only lets you open the Chime Savings Account if you’ve already opened the Chime Checking Account. If you would prefer to open one bank account, FNBO Direct might be the better choice. You may open either FNBO Direct bank account on its own.
Frequently asked questions
FNBO Direct is the online division of First National Bank of Omaha. FNBO Direct offers a high-yield savings account and an interest-earning checking account.
FNBO Direct accounts are only eligible for adults.
If you live in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota, or Texas, you may open a kid’s traditional savings account for a child at a nearby branch.
