How to bank with an Internet bank (No branches? No problem!)
As a Nationwide Bank® customer, you already know that online banks like ours are typically able to offer you better rates and lower fees. Making deposits and withdrawals are a little different with an Internet bank, but you may find the new way of doing things to be even easier.
Deposits and withdrawals
- Direct deposit. One of the best ways to save is to pay yourself first. Make saving automatic through direct deposit from your paycheck. By depositing a certain portion of your pay into a savings account, you’ll watch your balance grow quickly. Check with your company’s payroll department for details on how to get started.
- Mail. You can mail a check to Nationwide Bank directly. Fill out your deposit slip, sign the check you want to deposit and write “For deposit only” along with your account number on the back. Then send the check to:
Nationwide Bank
PO Box 182409
Columbus, Ohio 43218-2049
Allow one to two business days for the deposit to be processed and at
least two business days for funds to be available.*
- ATM. You can withdraw or transfer money through most ATMs. For deposits, please allow five business days for them to be processed. Withdrawals and transfers are immediate.** (Read more about ATMs below.)
- Transfer. If you have an account with another bank that has branches, you can deposit your check with them, then transfer the money to your Nationwide Bank account. Nationwide Bank won’t charge you for the transfer, but check to see if your other bank does.
Account management
One of the best parts about online banking with Nationwide Bank is that you can access your accounts anytime. This includes transferring funds to and from other accounts, checking your balance and paying bills online.
You can also access the last 18 months of transactions for your account when you log on. Simply choose the Online Statement link at the left-hand side of the webpage, then select View.
And if you have any questions about your account, you can send a secure message through the Message Center, or you can call us at 1-877-I Bank NW (1-877-422-6569) weekdays 8 a.m. to 8 p.m.
The right ATMs
Nationwide Bank partners with two companies to give you access to more than 40,000 ATMs. Look for the Allpoint or PNC Bank symbols on the ATM to be sure you can use it without a surcharge. Use our ATM locator to find the one closest to you.
Depending on what type of account you have, you may have limits on how many times you can use an ATM each month without a charge. Find out how many times you can use the ATM for your specific account in our comparison chart. Once you reach your limit, you will be charged for each ATM use after that. Learn more about ATM fees.
Internet banks like Nationwide Bank let you earn more on what you save and spend less on what you borrow. And having secure access to your account 24/7 allows you to keep a close eye on your finances.
Missed an article? Find it in our story archive.
* See our full funds availability policy in our terms and conditions.
** Transfers at an ATM can be made between savings and checking accounts.
Reader Tips
The Bank Note’s savvy readers came through again with a host of ideas for getting through the holidays without breaking the bank. Check out these helpful tips and find our question for next issue.
Smart Choices
If you’re considering getting a new mortgage or want to refinance your current property, make the process easier by following these tips.
Bank Basics
Use Online Bill Pay to take care of everything from recurring bills to a check you need to send to a friend. It’s free, and it’s easy to sign up. Find out how.
Feature Story
Making deposits and withdrawals are a little different with an Internet bank, but you may find the new way of doing things to be even easier. Use these tips to make Internet banking a breeze.
