Comparing Checking Accounts

E-Checking Direct Checking Interest Checking

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Checking Account Comparison: Which Option Is Right for You?

Before you choose a certain type of checking account, you need to determine which features are most important to you. Are you looking for a higher return on your deposit, or would you prefer a lower monthly fee? Let us help you by comparing the checking accounts Nationwide Bank® offers. Use our checking account comparison below to find the best option for you.

Direct checking

Direct checking does not earn interest, but it has a low monthly fee that can be waived by signing up for direct deposit.

Choose this option if you intend to keep a low balance in your checking account and plan to enroll in direct deposit. Choose a different option if you’ll be maintaining a larger balance and would benefit from earning interest on the account.

Interest checking

Interest checking makes the most of your deposit by paying interest, which varies depending on your balance. The account also requires a low monthly fee, which is waived if the average daily balance is more than $3,000.

Choose this option if you’d benefit from earning interest on your high account balance. Choose a different account if your average daily balance is less than $3,000.


E-Checking actually pays the highest interest overall, and higher interest rates on lower balances than most other checking accounts. E-Checking also offers the flexibility of managing your accounts on your computer and mobile phone. The monthly fee is waived if you have one direct deposit and eight debit card transactions per statement period, or if you have a combined balance of $10,000 in Nationwide Bank checking, savings and money market accounts.

Choose this option if you use your debit card for everyday purchases and prefer to manage your finances online or on your mobile phone. You may not need this option if you typically write checks rather than use a debit card.

Every Nationwide Bank checking account is FDIC insured*, can be linked to a savings account for overdraft protection and comes with a free Visa® debit card, online banking access, online bill pay and mobile banking. To learn more about each type of product, compare checking account features and determine which option is best for you.

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