FNBO Direct
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.95% | Savings | Online Savings 1.00% - Ally Bank Online Savings Account |
| 0.65% | Checking | Online Checking Account 0.13% - National Average |
| 1.15% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
Since 1857, First National Bank Omaha has been growing steadily. Originally, FNBO Direct was a small institution, serving only Omaha, Nebraska, and the immediate area. Now, FNBO, a subsidiary of First National Nebraska, serves 6.6 million people all over the country. First National Nebraska is a multi-state holding company, and is the largest privately owned banking company in the U.S.
FNBO offers products that are in line with what you would expect from such an institution: checking accounts, savings accounts and CDs. FNBO also issues Visa branded rewards credit cards. FNBO offers consistently competitive yields on deposit accounts, and a fairly low variable interest rate on its credit card.
In addition to online billpay, FNBO also makes use of Popmoney, which allows you to send payment from your bank account directly to someone else with the help of a text message. You can also receive payment via Popmoney directly to your bank account. The FNBO web site features a number of helpful and educational tools, including a wide array of calculators. One of the most interesting is a calculator that will help you see how long it will take you to save up $1 million.
Related Posts
5/3 - FNBO Savings Rate Decrease (From 0.85%) To 0.75%
2/14 - FNBO Direct Scheduled Outage Sunday 2-17-13
12/19/12 - FNBO Savings Rate Increase
7/20/12 - FNBO Direct Offers Another Savings Account Promotion to Existing Customers
7/19/12 - Bonus Rate
3/7/12 - Last Years FNBO Special 1.35% Rate Reminder
9/29/11 - FNBO Direct Savings Account Rate Cut & FYI On The Savings Account Promo
7/13/11 - FNBO Direct's Special Offer for Existing Customers and Keeping Accounts Open
7/1/11 - Special Rate Offer From FNBO
6/9/11 - FNBO Direct Cuts Savings Account Rate To 0.85%
5/11/11 - Internet Banks Improving Their Person-to-Person Payment Services
3/18/11 - Rate Drop At FNBO
2/7/11 - How Rates Have Held up at the Largest Internet Banks
1/25/11 - Closing Your Account At FNBO Direct
12/10/10 - FNBO Direct $25 Online BillPay Account Bonus
11/12/10 - FNBO Direct Update: New Cash Back Program and a New Bonus
9/1/10 - FNBO Direct's New Debit Card Reward Program
7/22/10 - Five Best Regular Interest Checking Accounts Available Nationwide
5/28/10 - FNBO Direct Cuts Rates on Savings Account and BillPay Account
4/22/10 - Reviews of FNBO Direct's Online BillPay Account, $25 Bonus & Its New Website
3/18/10 - Review of Person-to-Person Payment Services from ING Direct, FNBO Direct & UnivestDirect
2/19/10 - FNBO Direct Reduces Savings Account Rate from 1.40% to 1.25%
4/5/09 - 4.00% 60-Month CD at FNBO Direct - Nationally Available
12/12/08 - 4.26% 24-Month CD & 4.00% 12-Month CD at FNBO Direct
6/9/08 - FNBO Direct Increases Online Savings Account Yield to 3.50%
3/25/08 - $25 Bonus for FNBO Direct's BillPay Account
11/20/07 - FNBO Direct's New CDs and Checking Account
9/26/07 - FNBO Direct's New 2% Cash Back Credit Card and It's Official, New Yield of 5.05%
9/25/07 - Future Rates at FNBO Direct? and What's Next?
8/28/07 - FNBO Direct Planning a Cash Back Reward Credit Card
8/27/07 - FNBO Direct Savings Account Update - Withdrawing Money
8/10/07 - FNBO Direct's Account Frozen Emails - Mistake?
8/10/07 - FNBO Direct Sends Out Customer Surveys
8/8/07 - FNBO Direct Employment History Requests and Worries of Account Holds
6/26/07 - Why FNBO Direct Hasn't Been Listed at Bankrate?
6/22/07 - Update on FNBO Direct Transfer Concerns
6/20/07 - FNBO President and the Future Plans with FNBO Direct
6/15/07 - FNBO Direct Savings Account Policy Updates - Concerns?
5/25/07 - HSBC Direct's Next Offer?
5/24/07 - How Much Have You Deposited into FNBO Direct?
5/21/07 - FNBO Direct Finally Does a Press Release on its 6% Savings Account
5/19/07 - Update on FNBO Direct Savings Account - $1M Balances and More on Transfer Times
5/13/07 - Transfer Speeds and Timing Deposits into FNBO Direct's 6% Savings Account
5/8/07 - My Experience Opening FNBO Direct 6% Savings Account - Part 3
5/4/07 - My Experience Opening FNBO Direct's 6% Savings Account - Part 2
5/3/07 - Concerns about FNBO Direct? Too Good to be True? Don't Worry. It's Legit
5/2/07 - My Experience Opening FNBO Direct's 6% Savings Account
5/1/07 - FNBO Direct's Savings Account Offers 6.00% Until 9/28/07
2/15/07 - New 5.25% No-Minimum Online Savings Account - FNBO Direct
Great Online Bank for Internet Savings and Checking accounts
I've had an account with FNBO Direct for over a year, and I'm very pleased with my experience so far. I have a Checking and Savings account, and the best part is that the Checking account earns 0.65% APR and the Savings account earns 0.75%. This is a far better deal than you can get in most non-online non-internet banks. Plus, the access you have to your money is great - you can see it online, any time, and move it around however you want with no fees. And there are no minimum deposits required in order to open an account (other than one dollar, but everyone has one dollar, at least if they're trying to open a bank account). Overall I think these accounts are a great deal for the customer, and because of that, I highly recommend FNBO Direct!
I Like FNBO
I like FNBO for the following reasons:
1) it offers a good cash back card (as competitive as others on the market)
2) free next day ACH transactions
3) simple, but easy to navigate website
4) Offers a decent APY on checking and savings (although this could be better)
5) Long history, and 5 star health record
6) Good customer service
Excellent On-Line Banking
I have used FNBO for several years for on-line bank and money market. I have found great rates and easy access to money.
My first internet banking experience
FNBO is the first internet banking experience I have ever had. I was not very knowledgeable in setting up a "virtual Banking" account. The set-up of my account was fairly simple. The web page was user friendly and explained the process well. The only difficulty I had was setting up an external transfer. I was able to contact the FNBO technical support department, who then assisted me in setting it up. I found them friendly and explained the process i needed in terms i could understand. They actually stayed on the line while i set it up. I find it convenient to do my banking online. I love the fact that the money is just not "readily available" and i have time to think if i really want to take the money out. I have not needed to contact FNBO for any other issues. Most of the questions i have had were easily found in the Q&A. And again, I have to say my satisfaction is mostly due to the ease of navigating the web site. For someone who was not experienced in doing this type of banking, they made it quite easy for me.
Beware Of Hidden Fees On The Online Checking ("Billpay") Account
As always, read the account disclosures before opening an account.
FNBO charges a monthly "Debit Card Inactive Fee" of $1 per month if you don't use the debit card associated with the account at least once every 90 days. If you opt out of the debit card entirely and just get an ATM-only card, they charge you $1 per month, every month, period.
Since I never use debit cards, this was a deal-killer for me.
If you are one of those people who open accounts while the interest rates are good, and then leave them dormant when the rate drops, there is a dormant account fee of $25 (first month) or $10 (subsequent months). It doesn't indicate how long the dormant period is in their online disclosure.
Average Bank Needs Better Website
I joined FNBO because I read positive reviews about it and looked up the interest rate on savings accounts. I have had an account with FNBO for about 4 years now and I don't have any remarkable stories about it other than the website is difficult to navigate. I thin it is an average online bank nothing spectacular but setting up an account is fairly easy. Reaching someone from customer support is a hassle you can either email them or try to call the local branch but it takes a while to connect to someone. Overall thoughts about FNBO are that it s an easy enough online bank to sign up with but don't expect exceptional service or high yield interest rates.
Don't Bother Trying To Open Checking Account
I recently applied to open checking account at this Bank. My application was declined without giving any reasons. There was no choice to appeal to this decision. They did not ask me to send document to verify my identity or anything else. It was the worst experience ever. I have account with other online-only bank and never had such experience.
I have very good credit score. I have never been late on credit card payments. I have never paid any fees in any Bank related transactions ( overdraft/return items etc). Don't understand what they look for in applicant.
It appears that this bank is now just a scam to get people to give all personal details. I hope they don't mis-use them.
I wish Government make these online-only banks more accountable and make them give exact reasons why particular application is declined.
Rate Cut By FNBO
I just closed my account because of the drop to 0.75% and moved to a bank that pays 1.10%.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5452 |
| Year Established | 1857 |
| Employees | 4689 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.81% |
| Return on Equity - YTD | 8.05% |
| Annual Interest Income | $523.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $18.69B$17.54B |
| Loans | Q2 2016vs Q2 2015 | $13.53B$12.44B |
| Deposits | Q2 2016vs Q2 2015 | $15.22B$14.36B |
| Equity Capital | Q2 2016vs Q2 2015 | $1.88B$1.80B |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $295.0MM$261.9MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $87.4MM$87.9MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $12.3MM$17.1MM |
Always verify rates and promotions with the bank or credit union. We are not FNBO Direct; we are a rate comparison website and cannot provide official rates or promotions.
FNBO Direct Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.95% | - | $1m | Online Savings |
FNBO Direct Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.65% | - | $1m | Online Checking Account |
FNBO Direct CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | $500 | $1m | 60 Month CD | |
| 0.90% | $500 | $1m | 48 Month CD | |
| 0.70% | $500 | $1m | 36 Month CD | |
| 0.50% | $500 | $1m | 24 Month CD | |
| 0.41% | $500 | $1m | 18 Month CD | |
| 0.31% | $500 | $1m | 12 Month CD | |
| 0.26% | $500 | $1m | 9 Month CD | |
| 0.16% | $500 | $1m | 6 Month CD |
FNBO Direct is an Internet only bank and does not have branch locations. Its headquarters is located at 1620 Dodge Street - Omaha, NE 68197