Can I set up direct deposit with this account?
Yes, direct deposit can be set up through your employer or by using the Direct Deposit feature available in our online banking or mobile app.
How do I receive my monthly statements?
Monthly statements are delivered electronically and can be accessed through online banking or the Quontic mobile app.
Is there a limit to the number of transactions I can make per month?
No, there is no limit to the number of transactions you can make each month.
How is the interest calculated?
Interest is compounded daily and deposited into your account on the 10th of each month (unless it falls on a holiday or a weekend, then the interest is deposited on the business day before) based on your daily balance and satisfying the point of sale eligible transactions requirements per statement cycle.
How often can the interest rate change?
We may change the interest rate on your account at any time without notice.
What happens if I don’t meet the qualifying transaction requirements for the APY?
If you do not meet the qualifying transaction requirements, your account will earn interest at the default rate of 0.01% APY.