Redneck Bank takes a lighthearted and humorous approach to banking. But don’t be fooled by its quirky website—the bank is a legitimate financial institution offering some of the best rates on checking and money market accounts available today.
Redneck Bank is the online banking division of All America Bank, which is a community bank that was founded in 1969 and is headquartered in Mustang, Oklahoma
All rates and fees are current as of August 28, 2023 and are subject to change.
Redneck Bank offerings
Currently, Redneck Bank offers only two accounts: a free checking account and a high-yield money market account. The entire account opening process takes 7–10 business days, depending on how the account is funded.
Checking accounts
This account comes with a free Mastercard debit card, overdraft protection, and more. Redneck Bank also refunds up to $25 of foreign ATM fees each monthly statement cycle.
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Rewards Checkin’ Account
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APY:
- Up to $15,000 balance: 5.30%
- Balances over $15,000: 0.50%
- Minimum opening deposit: $500
- Minimum balance: None
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Fees:
- Monthly fee: None
- Overdraft fee: $25
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APY:
Money market accounts
This account also comes with a free Mastercard debit card and access to thousands of free ATMs worldwide. Account holders are allowed up to six free debits per month.
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Mega Money Market
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APY:
- Up to $100,000 balance: 5.05%
- Balances over $100,000: 0.50%
- Minimum opening deposit: $500
- Minimum balance: None
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Fees:
- Monthly fee: None
- Excess debit fee: $5 for each transaction in excess of six per month
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APY:
Redneck Bank savings rates compared to current top rates*
View this interactive chart on Fortune.com
The Redneck Bank platform and customer support
Redneck Bank offers online banking that allows customers to manage their accounts from anywhere. The bank also offers a free mobile app that has a 3.8 star rating in the Apple Store and 2.8 star rating on Google Play.
If you have questions or concerns, customer service can be reached by calling (888) 210-1256. Representatives are available Monday through Friday between 8 a.m. and 5 p.m. CT. You can also use the secure message feature by logging into your online banking account.
Pros and cons of Redneck Bank
If you’re considering opening an online bank with Redneck Bank, be sure you understand the main pros and cons first.
Pros
- Highly competitive interest rates
- ATM fee reimbursement
- No monthly fees
Cons
- Limited account offerings
- $500 minimum deposit required to open an account
- No physical locations
Frequently asked questions
Is Redneck Bank a real bank?
Yes, Redneck Bank is a real bank and the online division of All America Bank. Accounts at Redneck Bank are FDIC-insured up to $250,000 per depositor.
What is the minimum balance in Redneck Bank?
Redneck Bank does not require a minimum balance in its accounts. However, you will need a deposit of at least $500 to open an account.
Where is Redneck Bank headquarters?
Redneck Bank’s headquarters are located in Mustang, Oklahoma.
