Money market vs. e-checking

E-Checking Money Market

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Compare money market and e-checking account features

Review the advantages of a money market account versus an e-checking account side by side. Then choose the savings solution that makes the most sense for you.

Nationwide money market account Nationwide E-Checking account
Best for you if You already have money saved and want convenient access to your money when you need it. You use your debit card for everyday purchases and want to earn interest on your checking account.
Interest features Traditionally higher interest rates than a savings account. Almost triple what other banks offer for a checking account.1
Monthly maintenance fee No monthly maintenance fee when you maintain a minimum daily balance of $1,000. Otherwise, $8. $8, which is waived if you have one direct deposit and make 8 debit card transactions per statement period, or if you maintain a combined average daily balance of $10,000 or more with your Nationwide checking, savings or money market accounts.
Minimum opening deposit $1,000 minimum opening deposit; $1,000 minimum daily balance $50
Online banking Free Free
Transaction limitations2 Up to 6 automatic or preauthorized withdrawals per monthly statement cycle, including telephone or electronic transfers and check or point-of-sale transactions. None
Account access First three convenience checks are free. Additional checks can be ordered separately.

Free ATM card upon request

Free online banking and mobile banking

Access to more than 77,000 surcharge-free ATMs

2 free non-Nationwide Bank ATM transactions per month. ATM owner surcharges may apply.
Checks are not included, but can be ordered separately

Free Visa debit card

Free online banking, mobile banking and bill pay

Access to more than 77,000 surcharge-free ATMs

6 free non-Nationwide Bank ATM transactions per month3

$1.50 per transaction thereafter
Account statements Free online statements. Paper statements available at no additional cost. Free online statements
Overdraft protection Can be used as an overdraft protection funding account when linked to a checking account Available with a linked money market or savings account
FDIC- insured4 Yes Yes
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