Cash Bonus from Branchless Online Bank
If you care about the environment, you should consider an online-only bank. It’s that simple.
No branches = less carbon emissions, less paper and less fuel emissions
Now to be clear, there are truly online bank that have absolutely no branches (think Bank of Internet or Virtual Bank) or there are online divisions of banks that handle deposit or loan accounts online. BankOn is the latter. It is the online division of Pinnacle Bank, a brick-and-mortar bank with branches in Nebraska and Kansas. Would it be better if BankOn was a truly online-only bank? Yes, but we still recommend BankOn very highly. They are providing the incentives for customers to go green with their banking. Here’s what you get if you switch your account over to BankOn:
- No minimum balance checking accounts
- $25 bonus for each new account opened
- Online money transfers
- Very competitive 1.15% APY on money market savings account balances if you open a money market savings account and a checking account together
- No foreign ATM fees
- FDIC-insurance up to $250,000 per depositor
As far as online money market savings account go, the BankOn deal is one of the better offers out there. Take a look for yourself.