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Introducing the Quontic Pay Ring: A New Way to Pay

You probably already know that here at Quontic Bank, we mean it when we say we have a passion for innovation: we’re the first bank in the world to offer a Bitcoin Rewards Checking account and as a Community Development Financial Institution, we’re an industry leader when it comes to making quality financing more readily available to underserved and low-income communities.

So we’re proud to offer you the newest iteration of our innovative spirit: the Quontic Pay Ring. Yes, it’s exactly what it sounds like: a wearable ring that puts payment at your fingertips, literally.

What is the Quontic Pay Ring?

The Quontic Pay Ring is a piece of payment technology that allows you to make contactless payments anywhere they’re accepted—and it’s also a stylish accessory with a versatile, gender-neutral design. Instead of having to fish around in your wallet to find your debit card, you just curl your fingers over the payment terminal as if you were knocking on a friend’s door or giving them a fist-bump. Voila: transaction accepted via wearable payment!

The payment ring isn’t just nice to look at: it’s next-level convenient, and easier than using other forms of mobile app payment, like Apple Pay, Google Pay or Paypal. It’s also may be a more sanitary option than cash, which some vendors have stopped taking—and some consumers stopped relying on—in the wake of the pandemic.

Whether you’re stopping for a quick bottle of water while you’re out on a run, at a crowded concert where you don’t want to tote around a purse, or just looking for a way to make real-time payments that much simpler, the Quontic Pay Ring has you covered anywhere contactless payments are accepted. All it takes is a wave of your hand.

Is the Quontic Pay Ring safe and reliable?

Given the novelty of this new technology, it’s fair to wonder about its efficacy and security—but the Quontic Pay Ring is designed with real life in mind. For starters, you won’t have to scrounge around to find your USB charging cable: this unique piece of wearable technology doesn’t need to be charged.

And if you’re someone who uses your hands a lot, no worries on that front, either. Our payment ring is both water- and scratch-resistant, which means you can keep it on in the shower and throughout pretty much any day-to-day adventure. It’s ready when and where you are.

Safety, of course, is always our first priority, which is why we’ve made it easy to disable the use of your pay ring from your online bank account interface if it’s been lost or stolen. As always, the funds in your eligible Quontic checking account are FDIC-insured1 up to the standard $250,000, so you can spend and save with confidence.

Finally, keep in mind that you’re always free to use your debit card in addition to your Quontic Pay Ring—it’s not one or the other! Quontic’s mission is to make your financial life more convenient and customizable, not less so. The payment ring is just a new way to access your money in a safe, secure, and reliable way on the go.

How do I get a Quontic Pay Ring? 

The Quontic Pay Ring is a special type of fintech exclusively for Quontic Checking Account customers, so you do need to have an account with Quontic to get one. If you already have an account, you can order your ring online—and if you don’t, you can open an account easily in minutes.

Once you’re an account-holder, it’s easy to order your ring online. Don’t know your ring size? No problem: we can send you a free ring sizing kit so you can make sure you get the right fit, right from the start. Otherwise, the exchange process could take a couple of weeks.

Once you receive your ring, it’s a quick activation process using a unique link sent to your email as well as the activation sticker on the plastic ring box wrapper. As always, our customer service team will be standing by in case you need any help, but most customers have their ring up and running in no time. Then, take it along on your next shopping trip and get ready for one of the easiest interactions you’ve ever had at the point-of-sale terminal—and, of course, plenty of compliments.

Ready to get your hands on your very own Quontic Pay Ring—or, more accurately, get your hands in one? Check out Quontic’s range of checking accounts today, which include options for cash and crypto rewards checking as well as high-interest checking with interest rates up to 1.01% APY2. Talk about fist-bump worthy!


1FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law . Learn more at FDIC: Deposit Insurance” https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/index.html

2High Interest Checking Account is a conditional tiered variable rate account. You must deposit $100.00 to open this account. The conditional interest rate and annual percentage yield is based on (A) fulfilling the minimum qualifying activity requirements per statement cycle, which are (1) a daily balance less than or equal to $1,000,000.00 and (2) 10 qualifying Point of Sale debit card transactions equal to or over $10.00 per transaction, and (B) the portion of the balance within the following specified tiers: (a) If the minimum qualifying activity requirement is fulfilled and your daily balance is $150,000 or less, the interest rate paid on the entire balance will be 1.00% with an annual percentage yield of 1.01%; (b) If the minimum qualifying activity requirement is fulfilled, an interest rate of 0.35% will be paid only for that portion of your daily balance that is greater than $150,000 but not exceeding the amount of $1,000,000.00. The annual percentage yield for this tier will range from 1.01% to 0.45%, depending on the balance in the account; and (c) If the minimum qualifying activity requirement is fulfilled, an interest rate of 0.00% will be paid only for that portion of your daily balance that is greater than $1,000,000.00 The annual percentage yield for this tier will range from 0.45% to 0.00%, depending on the balance in the account. If the qualifying activity requirement is NOT fulfilled, the interest rate paid on the entire balance will be 0.01% with an annual percentage yield of 0.01%. Ask for details. Additional terms, conditions, fees & exclusions may apply. Rates may change without notice. If the account is closed before interest and/or bonus is credited, accrued interest and/or bonus may be forfeited for that statement cycle. Fees could reduce earnings. The following activities are not considered qualifying POS debit card transactions and do not count toward earning rewards: ATM- processed transactions; transfers between accounts; purchases made with debit cards not issued by our bank; cash over portions of point-of-sale transactions; Peer-to-Peer (P2P) payments (such as Apple Pay Cash*); loan payments or account funding made with your debit card and purchases made using third-party payment accounts. Transactions may take one or more business days from the date the transaction was made to post and settle to an account. Online Account Opening is only available to consumers. Data connection required to open an account online. Carrier fees may apply. Application is subject to approval. APY is Annual Percentage Yield. Information is accurate as of XXXXXXX, 2022 and may change without notice.

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