- $1,500 to open
- No minimum balance required
- No monthly maintenance fees
- First free order of checks1
Simplify your banking
- Free My Banking Direct Visa® debit card, with:
- Free ATM and POS (point of sale) transactions
- Surcharge rebates on foreign ATMs - up to $10 a month for balances up to $24,999 and unlimited with balances of $25,000 or more2
- NYCB Online and NYCB Mobile with mobile deposit3
- View e-Statements and e-Documents
Let's Get Started
Give Us a Call (866) 285-1856
Information needed to open your account
Before you begin, be sure to have the following information available to complete your account application.
- Personal Information
- Social Security Number or Tax Identification Number
- Valid U.S. Address
- Form of identification
Save more with Sweep
Sweep Functionality4 - At your option, you can select the balance you want to maintain in your My Banking Direct Checking account, and our sweep service will automatically transfer or "sweep" the funds that are over that pre-selected balance amount from your checking account, into your My Banking Direct Money Market or Earn>More Money Market account each day.
1 Available on Variety 50 single package only.
2 When using your My Banking Direct (MBD) Checking debit card at ATMs not owned by the Bank, if the monthly average balance of your MBD Checking account or the combined monthly average balance of your MBD Checking account and the MBD Money Market Checking or Earn>More Money Market account is equal to or greater than $25,000.00, all ATM operators' surcharges will be refunded. If the average monthly balance of your account(s) described above is below $25,000.00, ATM operators' surcharges will be refunded up to $10.00. The rebate only applies to those fees assessed for ATMs within the United States. The surcharges assessed will be determined at the end of the statement cycle and will be credited to your MBD Checking Account during the next statement cycle. For example, surcharges assessed during your June-July statement cycle will be refunded and appear on your July-August statement. If your MBD Checking account is closed before the end of the cycle, the surcharge rebate is forfeited.
3 NYCB Mobile is available for those enrolled in NYCB Online, however not all online features may be available through the mobile app. Standard messaging and data rates may apply.
4 Funds over your pre-selected available balance amount in your My Banking Direct (MBD) Checking account at the end of each business day will automatically sweep (transfer) to a higher yield account of your choice such as the MBD Money Market Checking account. Prior to selecting the available balance amount to be retained in the MBD Checking account, be careful to ensure that enough money is available in the account at all times to cover the items that you write and/or authorize. To transfer funds back to your checking account, you must sign on to NYCB Online and make the transfer manually (subject to certain restrictions). Should the sweep cause insufficient funds for in clearing items (checks, ACH debits, etc.), you are responsible for all possible fees. The sweep service will remain in effect until changed or terminated. You or the Bank may terminate the sweep service upon written notice of termination to the other party. To change or terminate the service, sign on to NYCB Online, select "Messages" at the top right corner of the page to send a Secure Message request. Please allow three business days for the change or termination to be processed.