Nationwide banking review: Free checking account with unlimited domestic ATM fee reimbursements
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Overall banking rating
Feature | Insider rating (out of 5) |
Savings | 4 |
Checking | 4.5 |
CD | 4 |
Money market account | 4.25 |
Trustworthiness | 5 |
Total | 4.25 |
Pros and cons
Pros | Cons |
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Nationwide My Savings Account
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Nationwide My Checking Account
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Nationwide CD
Nationwide CDs have a
You also might find these CDs appealing if you're specifically looking for a 1-year CD or 18-month CD. The 1-year CD pays 2.80% APY, and the 18-month CD offers 2.85% APY.
Nationwide Money Market Plus Account
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How Nationwide banking works
Nationwide is a national insurance company that offers online bank accounts and services through its relationship with Axos Bank. If you live in Ohio, there is Nationwide location in downtown Columbus.
Customers have access to free ATM withdrawals at over 91,000 locations throughout the US. You'll have to log in to online banking to use the company's ATM Locator feature. If you have the
Direct Bankers are available weekdays from 8 a.m. to 8 p.m. ET by phone, email, or live chat.
The Axos Bank for Nationwide banking app has 4.8 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store.
Nationwide is not a bank. However, bank accounts are FDIC insured through Axos Bank. This means up to $250,000 is safe in individual bank accounts or $500,000 through joint bank accounts.
Nationwide trustworthiness and BBB rating
The Better Business Bureau rates companies to see if they handle business practices well, have honest advertising, and respond effectively to customer complaints.
Nationwide received an A+ rating from the BBB, and Axos Bank was also given an A+ rating.
A good BBB score won't necessarily guarantee your relationship with a particular company will be perfect. You'll want to talk to current customers or read online customer reviews to see if an institution may be a good fit.
Neither Nationwide nor Axos have been involved in any recent public controversies.
Nationwide vs. CIT Bank
Deciding between these two online institutions will likely depend on your preferences and goals.
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For example, Nationwide offers early direct deposit, while the CIT Bank does not. Nationwide also provides unlimited domestic ATM fee reimbursements, while CIT offers up to $30 in ATM fee reimbursements per month.
Nationwide vs. Capital One
You might lean more toward Capital One if you don't have much money for a minimum opening deposit on an account. Capital One lets you open a savings account, CD, or checking account with $0. Capital One also offers more competitive interest rates on its savings account and CDs.
If you'd like to open a money market account, the
Frequently asked questions
Does Nationwide have bank accounts?
Nationwide offers bank accounts through its relationship with Axos Bank. Banking services and products are operated and federally insured by Axos Bank.
What is the interest rate for the Nationwide My Savings Account?
The Nationwide My Savings Account pays