Direct Checking
Whether it’s your first checking account or you don’t qualify for a traditional checking account, our Direct Checking is designed for all! With no account fees and our digital services, we make it easy and convenient for you to pay your bills, pay people, transfer funds and make deposits.
Account Features
- No overdraft or insufficient funds fee
- No monthly service fee
- No maintenance fee
- $1.00 minimum to open
- Enrollment in Even >More Rewards Program1
- Full Account Details
Banking Made Easy
- My Banking Direct Visa® debit card
- Free POS (point of sale) transactions
- NYCB Online with bill pay
- NYCB Mobile with mobile deposit
- Send money with Zelle®2
- View e-Statements and e-Documents
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
Why My Banking Direct?
My Banking Direct is a service of New York Community Bank (NYCB) and when looking for an experienced bank to start a relationship with, there is no need to look any further than NYCB. We have a history of strength and stability dating back to 1859 and we’re ranked the number one bank in the country for best overall customer service by American Banker.4 With total assets of $59.5 billion and a $7 billion capital base, NYCB is one of the largest banks in the U.S., without the risk other banks have. Our size and scale allow us to provide a wide range of digital and traditional products and services to consumers, small to mid-size businesses, and commercial clients, while adhering to strict regulatory requirements. NYCB has the background, knowledge, and innovative approach to meet all of your needs.
1 Even >More Rewards program applies to the Direct Checking account. Restrictions apply.
2 U.S. checking or savings account required to use Zelle®. Transactions between enrolled users typically occur in minutes and generally do not have fees. Zelle and the Zelle related marks are wholly owned by Early Warning
Services, LLC and are used herein under license.
3 The Annual Percentage Yield (APY) is accurate as of June 14, 2022 and is subject to change without notice.
The My Banking Direct High Yield Savings is a tiered rate account. If your daily balance is $50,000.00 or more, the APY and interest rate is 1.25%.
If your daily balance is between $10,000.00 and $49,999.99, the APY and interest rate is 1.25%. If your daily balance is between $1.00 to $9,999.99, the
APY and interest rate is 1.25%. We reserve the right to change the rate at any time without notice. Fees could reduce earnings.
4 According to an American Banker/Monigle joint 2021 survey of consumers regarding what drives customer satisfaction and advocacy in banking.