2024 NBKC Bank Review: Uncover the Best Banking Options Today!
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The bottom line: NBKC Bank stands out as a robust online banking option, boasting low minimum opening deposits and minimal fees across most accounts. However, if you thrive on face-to-face interactions, you might want to look elsewhere unless you’re in Kansas City, MO. Plus, there are even better rates available at some of the top online banks today.
NBKC Bank Review: Overall Rating
NBKC Bank Pros and Cons
About NBKC Bank
While NBKC is primarily an online bank, if you’re near Kansas City, Missouri, you can also enjoy in-person banking. You’ll have free access to over 37,000 MoneyPass ATMs, and if you need to use an out-of-network ATM, NBKC will reimburse you up to $12 per month if fees apply.
With a mobile app rated 4.4 out of 5 stars in the Apple Store and 4.1 out of 5 stars on Google Play, managing your banking on-the-go is a breeze.
Customer support is available Monday through Friday from 8 a.m. to 5 p.m. CT, but there’s no weekend help. All deposits are FDIC-insured up to $250,000, or $500,000 for joint accounts.
Is NBKC Bank Trustworthy?
The Better Business Bureau (BBB) gives NBKC Bank an A+ rating, which indicates a commitment to honesty in advertising, transparency in business practices, and effective responses to customer complaints.
Currently, NBKC has no public scandals, and its strong BBB score may give you confidence in banking with them.
NBKC Bank FAQs
NBKC Bank stands for the National Bank of Kansas City. Although its branches are primarily in Kansas City, Missouri, you can open accounts from anywhere in the U.S.
Absolutely! NBKC Bank is an FDIC-insured institution, which means your deposits are secure up to $250,000 per depositor.
NBKC Bank is ideal if you’re comfortable with online banking or if you live near one of their branches. Additionally, the hybrid checking/savings account may be appealing to you.
NBKC does not charge monthly maintenance fees, overdraft fees, or incoming domestic wire transfer fees. However, there is a $5 outgoing domestic wire transfer fee and a $45 fee for international wire transfers.
NBKC Bank Reviews
NBKC Everything Account
NBKC Everything Account
Fees
No monthly service fee
Annual Percentage Yield (APY)
1.75%
Minimum Opening Deposit
$0
- Competitive APY
- No minimum opening deposit
- No monthly service fees
- No foreign transaction fees
- No overdraft fees
- Refunds up to $12/month for out-of-network ATM fees
- Online bill pay
- Set up separate savings goals
- Branches only in Kansas City, MO
- Limited customer support hours
- No overdraft protection options
NBKC Bank offers a solid online banking experience with low fees and low minimum opening deposits. However, if you enjoy the personal touch of in-person banking, you might want to explore other options unless you are in Kansas City, MO. You can also find higher interest rates with other top online banks right now.
- Online bank with branches in Kansas City, MO
- Hybrid checking and savings account
- Earn APY on entire balance
- Set up savings goals
- Interest compounded daily, paid monthly
- FDIC insured
The NBKC Everything Account acts as a hybrid checking and savings account offering a generous 1.75% APY (Annual Percentage Yield) on all funds.
By consolidating your spending and savings into one account, you can simplify your financial management. Plus, you can establish individual savings goals, like “Emergency Fund” or “New Car,” to track your progress without the temptation to dip into your savings.
However, consider the overdraft policy: NBKC doesn’t charge overdraft fees, but they will deny transactions that would overdraw your account. This could create a challenge if an unexpected need arises for additional funds.
NBKC CD
NBKC CD
Annual Percentage Yield (APY)
3.25% to 4.50%
Minimum Opening Deposit
$250 to $1,000
- Solid APY
- Option for a 1-year Add-to Starter CD, with no opening deposit
- Minimum opening deposits of $250 to $1,000
- High early withdrawal penalties
- Branches only in Kansas City, MO
- Limited customer support hours
- Online bank with branches in Kansas City, MO
- Term lengths ranging from 6 months to 5 years
- Early withdrawal penalties apply based on term length
- Open a 1-year Add-to Starter CD on top of another CD term for no opening deposit
- Interest compounded daily, paid monthly
- FDIC insured
NBKC Bank provides various CDs, but minimum opening deposits vary by term. You may find better interest rates at other online banks.
NBKC Money Market Account
NBKC Money Market Account
Fees
No monthly service fee
Annual Percentage Yield (APY)
3.00%
Minimum Opening Deposit
$0
- Competitive APY
- No monthly service fees
- No minimum opening deposit
- $0.01 minimum balance to earn interest
- Debit card included
- Paper checks included
- Reimburses up to $12/month for out-of-network ATM fees
- Branches only in Kansas City, MO
- Limited customer support hours
The NBKC Money Market Account offers a competitive option for those looking to grow their savings. With no minimum deposit required, it’s accessible for everyone. Unlike traditional savings accounts, it also provides quicker access to your funds through a debit card and checks.
- Online bank with branches in Kansas City, MO
- Free access at over 37,000 MoneyPass ATMs
- MasterCard debit card and paper checks included (optional)
- FDIC insured
- Interest compounded daily, paid monthly
The NBKC Money Market Account stands as an excellent choice for those seeking a reliable money market option. It offers solid interest rates and, unlike many competitors, requires no minimum opening deposit.
Money market accounts generally provide easier access to funds compared to traditional savings accounts. With both a debit card and paper checks, tapping into your savings has never been simpler.
How NBKC Bank Compares
NBKC Bank vs. Ally Bank
Both NBKC and Ally allow you to set and name your savings goals. If you prefer to keep your funds in one account, NBKC is the way to go. However, if you’re after a higher interest rate on a savings balance, Ally may be the better option, offering savings rates of 3.80% APY.
Ally also excels in customer service, providing 24/7 support through phone and online chat, along with a feature-rich mobile app.
NBKC Bank vs. Capital One 360
Capital One lacks a money market account, making NBKC the choice if that’s important to you. Although Capital One does offer interest on checking accounts, it may not match what NBKC provides.
If you’re looking for more customer service options, Capital One has extensive support hours, including 24/7 chat with representatives.
Why You Should Trust Us: How We Reviewed NBKC Bank
In reviewing NBKC Bank, we used a comprehensive bank account methodology. Each account is rated from one to five stars, based on various categories like ethics, security, mobile features, and customer service.
For specific account types, we also assess factors like early withdrawal penalties for CDs and the ease of accessing funds through debit cards or checks for money market accounts. We utilize a weighted average to achieve our star ratings.
