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The Ultimate Life Hack: The Payment Ring That Simplifies Your Day


Remember that time you were juggling a latte, your phone, and fumbling for your wallet? Yeah, that's a thing of the past with the Quontic Bank pay ring.

What is the Quontic Bank Pay Ring

The Quontic Pay Ring is a wearable payment device that allows customers to make payments with a tap of their finger. 

In our Quontic Bank review we discovered they are known for competitive savings rates and low fees in addition to customer-centered innovations to banking.

While the concept of wearables isn't new, the latest iterations represent a significant evolution in how consumers integrate these devices into their daily lives. 

Think smartwatches, bracelets, or even key fobs. These “wearables” are equipped with Near Field Communication (NFC) technology.

With the Quontic Pay Ring, NFC enables the ring to communicate with contactless payment terminals, allowing customers to make purchases by simply tapping or waving their wearable device near the terminal.

Benefits of the Quontic Bank Pay Ring

Wearables offer a convenient and secure alternative to traditional payment methods like cash or cards. They eliminate the need to carry a wallet or purse and allow for quick and seamless transactions.

Here are some scenarios where the Quontic Bank Pay Ring offers convenience:

  • Amusement Parks/Water Parks: It's challenging to keep track of wallets and phones while enjoying rides or water activities. A ring would be convenient and secure.
  • Shopping with Kids: Parents often have their hands full with children and strollers, making accessing a wallet or phone difficult.
  • Traveling: Carrying minimal baggage while traveling is a priority. A ring would eliminate the need for a wallet and reduce the risk of theft.
  • Outdoor Activities: A ring would be ideal for activities like hiking, running, or cycling, where carrying a wallet is inconvenient but you want to purchase that smoothie afterwards.
  • Concerts/Festivals: Large crowds and limited storage make it difficult to access wallets securely.
  • Nightlife: A ring would be a discreet and secure way to pay for drinks and cover charges while out on the town.
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How the Pay Ring Works

The Pay Ring and your Debit Card are connected to the same checking account. You may also use the same PIN for your Quontic Pay Ring and debit card. Pay Rings can be used at any payment terminal that accepts contactless payments.

Here are the basics:

  • Setup: To use the Quontic Bank Pay Ring, you first need to set it up with your Quontic Bank account. This typically involves linking the ring to your account through the Quontic Bank mobile app or online banking portal.
  • Contactless Payment Technology: The Quontic Bank Pay Ring uses contactless payment technology, similar to contactless credit or debit cards. It's typically equipped with a small chip that communicates with compatible payment terminals.
  • Making Payments: To make a payment using the Pay Ring, you simply need to tap it against a contactless payment terminal at a participating merchant. The terminal will recognize the ring and process the payment, deducting the amount from your Quontic Bank account.
  • Security: The Pay Ring offers enhanced security compared to debit cards. MasterCard's advanced features and contactless payments protect against fraud and skimming.
  • Compatibility: The Quontic Bank Pay Ring is compatible with any payment terminal that accepts contactless payments. This includes most modern point-of-sale terminals found at retailers, restaurants, and other businesses.

Features of the Quontic Pay Ring

The Ring Pay is Waterproof to 50m:  Swimming or bathing? The ring is able to withstand water.

No Charging Necessary: You can wear the Pay Ring 24 hours a day, 7 days a week. It has the same chip technology as a plastic debit card. 

Easy to Manage: You can enable/disable the Pay Ring, set transaction limits or merchant restrictions by adding it to your debit card controls through the online banking platform or Quontic's mobile app.

Checking Rewards: If your Pay Ring is connected to a checking account that offers rewards, each transactions using the Pay Ring will count towards the rewards just like debit card transactions.

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About Quontic Bank

Quontic Bank is a U.S.-based FDIC-insured digital bank headquartered in Astoria, New York City.

Founded in 2009, Quontic Bank does not have traditional retail branches. It operates in 50 states as a digital bank, offering its services primarily online and through its highly-rated mobile app. However, it does maintain a few physical locations for mortgage loan services:

  • New York City: Astoria (Headquarters and mortgage office)
  • New York: Melville (Mortgage office)
  • New York: Flushing (Mortgage office)
  • Florida: Miami (Mortgage office)

Despite not having traditional branches, Quontic customers have access to a range of checkinghigh-yield savings and CD accounts that come with convenient online and mobile access and a network of over 90,000 fee-free ATMs across the country.

Customers enjoy U.S.-based, Customer Service Representatives available via chat or voice Monday – Friday (9:00am – 6:00pm ET).

The Quontic Bank Mobile App is rated 4.8/5.0 in both the App Store and Google Play, making it one of best banking apps among consumers.

Quontic Bank is a safe and reliable bank that offers a variety of banking products and services. It's a good option for customers who are looking for a competitive interest rate, low fees, and innovative technology.

Best online savings rates

The national savings rate is 0.47% APY. This online bank pays way more.

CIT Bank

Platinum Savings
5.05% APY
Minimum $5,000 balance
No maintenance fees
Mobile & Online Banking
Deposits are FDIC insured


5.21% APY
Minimum $1,000 balance
No maintenance fees
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Deposits are FDIC insured

Quontic Bank

4.50% APY
Minimum $100 balance
No maintenance fees
Mobile & Online Banking
Deposits are FDIC insured
Disclaimer: Our goal is to provide the most relevant and current information. However, the information is for informational purposes only and is not intended to be personal financial advice.

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