Bask Bank Interest Checking Account 2025 Review

The Bask Bank Interest Checking account offers everyday banking features with the benefit of earning interest on balances. There are no monthly account fees and checking customers have access to more than 55,000 fee-free ATMs nationwide. 

Bask Bank Interest Checking keeps rewards simple, with a flat APY that applies across all balances. You get the convenience of online and mobile banking, along with access to cash through an extensive ATM network. 

You might consider this high-yield checking account if you:

• Need a banking option that's designed for everyday needs
• Would like to earn interest on checking balances
• Prefer a no monthly fee option
• Routinely hit the ATM for cash withdrawals

You can open this account online and there is no minimum deposit requirement. Bask Bank also offers a variety of high-interest savings accounts and CDs to help you reach your financial goals.

Compared to Other Checking Accounts

American Express Rewards Checking

American Express Rewards Checking is an online checking account with no monthly fees or minimum balance requirements. You can earn interest on balances and Membership Rewards on eligible debit card purchases, plus you get the benefit of 24/7 customer service. You might consider this rewards checking option if you already have an American Express Membership Rewards credit card. 

Read our full editorial review of the American Express Rewards Checking account

First Tech CU Rewards Checking

First Tech Credit Union rewards you with cash back and interest when you open a checking and savings account together. You can earn a high yield on savings balances, along with cash back on credit card spending and payments to First Tech CU loans. There are no monthly maintenance fees and no minimum balance requirements for this account. 

Read our full editorial review of the First Tech CU Rewards Checking account

Evergreen Bank Group Free Rewards Checking

Evergreen Bank Group pays an exceptional APY on balances up to $25,000. There's no minimum balance requirement to earn rewards and no monthly maintenance fee, and the minimum opening deposit requirement is $100. You'll need to meet monthly activity requirements and enroll in estatements to qualify for the highest advertised APY. 

Read our full editorial review of the Evergreen Bank Group Free Rewards Checking account

TAB Bank Spend Rewards Checking

TAB Bank Spend Rewards Checking offers both an outstanding APY and cash back on debit card purchases, with no monthly maintenance fees. There's no minimum deposit requirement to open the account and no ongoing minimum balance requirement. You can open your account online and access funds at ATMs nationwide with your debit card. 

Read our full editorial review of the TAB Bank Spend Rewards Checking account

Interest and Rewards

Rewards checking accounts offer incentives to keep your money in the bank. Depending on which account you open, that might include:

• Interest on balances
• Cashback rewards on debit card purchases
• Interest + cashback

Bask Bank opts for interest and pays a flat APY across all balances. Compared to other rewards checking accounts we've profiled, the rate is below what you could get at other banks. 

However, you don't need to jump through any special hoops to earn it. Other banks, meanwhile, might require you to meet minimum deposit requirements, set up direct deposit, or use your debit card a certain number of times each month to earn interest or rewards.

As you compare rewards and interest checking accounts, read the fine print. 

• What is the APY?
• Does the same APY apply to all balances or are rates tiered?
• Is there a cap on how much interest you can earn?
• Do you need to meet a minimum balance requirement to earn interest?
• Are any other qualifying activities required?

Asking these kinds of questions can help you compare rewards checking accounts to find one that best fits your needs. 

And if earning the best rate is your primary goal, consider Bask Bank's high-yield savings and CD options. Rates are on par with what you'll get at the best online banks. 

Fees

Online checking accounts tend to be fee-friendly, or at least cheaper than traditional checking accounts. Bask Bank doesn't charge a monthly maintenance fee but there are some other fees to be aware of.

Here's what you'll pay.

Other Service Fees - Bask Bank Interest Checking Account

Overall, you won't pay much in fees at all unless you're sending outgoing wire transfers or you need account research/legal processing services. That's a good thing since paying fewer fees means you get to keep more of the interest you earn. 

Branch and ATM Access

Bask Bank is an online bank so there are no physical branches. But you'll have access to your money at more than 55,000 fee-free Allpoint ATMs. 

Bask Bank doesn't charge a fee to use an out-of-network ATM, but you may be charged a fee by the ATM's owner. If that happens, Bask Bank will refund foreign ATM surcharges. 

ATM access is an important consideration when choosing an online checking account. The larger the network, the more options you have to withdraw cash or complete other transactions fee-free. 

Account Access

Bask Bank offers online and mobile banking access to help you stay connected to your money anytime, anywhere. If you need to deposit funds, you can do so via:

• ACH transfer
• Direct deposit
• Wire transfer (no fee for incoming transfers)
• Mobile check deposit

You won't be able to deposit cash at ATMs. You can, however, deposit cash to an external bank account and move to your Bask Bank account using ACH transfer. 

Per the Bask Bank website, the amount you can transfer ranges from $50,000 to $150,000 per transaction and $100,000 to $250,000 per day. 

You can use online and mobile banking to review account statements, check your transaction history, and pay bills. There's no fee for scheduled bill payments but if you need to send an expedited check, there's a fee for that. 

Bask Bank is a Zelle partner. To use Zelle for person-to-person transfers, just log in to the Bask Bank app and click Send money with Zelle. You'll follow the prompts to complete the transfer. You can also view your Zelle transfer limits in the Bask mobile app. 

FDIC Insurance

Bask Bank is FDIC-insured which means your deposits are protected in the event the bank fails. The current FDIC coverage limit is $250,000 per depositor.

FDIC insurance helps keep your money safe if a bank goes under. That doesn't happen often but if it does, the FDIC is there to make sure you don't lose all your hard-earned dollars. 

What You Need to Open

You can open a Bask Bank Interest Checking account online in just a few minutes. To open the account, you'll need to be:

• At least 18 years old
• A U.S. citizen or legal resident

You'll also need to have:

• A valid Social Security number or Taxpayer Identification Number
• A valid U.S. residential address
• A mobile phone number and email address
• Proof of identity, such as a driver's license or passport

You'll complete the online application and plug in the required information--just follow the prompts. If you're opening a joint account, you'll need to provide the same details for the other account owner. 

There's no minimum deposit to open an account but you'll need to link an external bank account to add funds. To do that, you'll need your bank account number and routing number. 

Frequently Asked Questions

Is Bask Bank a legitimate bank?

Bask Bank is a legitimate online-only bank and a division of Texas Capital Bank. It was founded in 1999 and was one of the earliest online-only savings banks in the U.S. Today, Bask Bank offers savings accounts, CD accounts, and interest-checking accounts for people who are comfortable with digital banking. 

How does interest checking work? 

Interest-checking accounts work by paying you interest on the money you keep in your account. You might earn the same APY across all balances or earn rates that are tiered by balance. For example, you might earn one rate on the first $25,000 in your account and a higher or lower rate on amounts over that. 

Are rewards checking accounts worth it?

A rewards checking account could be worth it if you're earning interest or rewards with minimal hassles. You might think twice about a rewards or interest checking account if you'll pay a steep monthly fee or you need to jump through a lot of hoops to enjoy the account's full benefits.