Founded in 1925, Nationwide boasts a rich history in United States. The company is best known as Nationwide Mutual Insurance Company, but offers banking services through a partnership with Axos Bank.
Consumers can choose from a variety of checking accounts as well as mortgage and personal loans. Here is a look at Nationwide's top checking accounts.
Pros and Cons of Nationwide Checking Accounts
Pros
- No monthly service fee.
- Large ATM network
- Variety of checking account options
- Some accounts provide ATM reimbursements.
- Highly-rated banking app
Cons
- No sign-up promotion offered.
- Online only, no branch locations
- 3% foreign transaction fee
Advantage Checking
Best for best for earning interest
Interest: Up to 0.90% APY.
Minimum opening deposit: $100 deposit to open your account.
Monthly service fee: No monthly maintenance fees.
Overdraft fee: No overdraft or non-sufficient funds fees.
FDIC-insured: Member FDIC.
My Checking
Best for unlimited ATM reimbursements
Minimum opening deposit: $100 deposit to open your account.
Monthly service fee: $0.
Overdraft fees: No overdraft fees.
Get paid up to two days early: Sign up for direct deposit to get your paycheck early.
FDIC-insured: Member FDIC.
My First Checking
Best for best for teens ages 13-17
Minimum opening deposit: $50 minimum opening deposit.
Monthly service fee: $0.
ATM reimbursement: Up to $12 domestic ATM fee reimbursements per month.
Perks: Earn 0.10% APY.
FDIC-insured: Member FDIC.
Direct Checking
Best for best for no-fuss checking
Minimum opening deposit: $50 minimum opening deposit.
Monthly service fee: $5 monthly maintenance fee waived with direct deposit.
ATM reimbursement: Up to six (6) domestic ATM fees reimbursed per month.
Get paid up to two days early: Sign up for direct deposit to get your paycheck early.
FDIC-insured: Member FDIC.
Mobile® App Rated 4.8/5 Stars
There is good reason the Nationwide Mobile App is highly rated by consumers, with a 4.8/5 ranking on the Apple App store.
The app offers several convenient features including mobile check deposit, transfer funds to third-parties and tools to manage your funds on the go.
Does Nationwide Charge Overdraft Fees?
If you're concerned about over-drafting your account, Nationwide offers an optional Overdraft Line of
Credit Program that will transfer funds to cover the item. You may also establish a link from your checking account to a savings account or money market account to cover the shortfall in your checking account.
Otherwise, without notice to you, Nationwide will either authorize or pay the insufficient item and
overdraft your account or decline or return the insufficient item without payment (a returned item).
If Nationwide authorizes or pays an item, you must pay back any overdraft immediately.
