Emprise Bank Review 2021 – My Millennial Guide

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    A checking account is a basic financial tool that can help you manage your money properly. The only problem is that numerous checking accounts are not designed to work in your favor.

    Many checking accounts also do not offer high interest rates on the money that is already in them. Plus, there are so many monthly fees involved. In fact, some banks will only charge you if you have a checking account with them.

    Fortunately, there is a bank account that offers a competitive interest rate and no fees.

    It’s called Emprise Bank and has been around for several years. In this review, we’re going to explore some of the benefits of using this checking account and why you should consider it if you haven’t already.

    What is the Emprise Bank?

    The history of Emprise Bank goes back more than a century and includes more than 100 years of experience in meeting customer needs.

    Emprise Bank has grown from a $ 200 million bank to a $ 2 billion institution in the past few decades with offices in 20 different communities across the Midwest.

    It has grown from a tiny bank to the seventh largest in Kansas. It has also expanded its online customer experience to offer useful banking services to consumers across the country.

    What does Emprise Bank offer?

    How can Emprise Bank support you? The bank offers two fantastic checking accounts that put their customers first. Here’s what you need to know about them.

    emprise bank review

    Cashback check

    Customers can receive 2% cashback on all debit card transactions up to a maximum of $ 6 per month or $ 72 per year using the cash back checking account.

    With that extra money, you have more money to spend on other things. You don’t need to have a minimum account balance to take advantage of these benefits.

    reward

    • 2% cashback on purchases made with a debit card
    • National ATM fee refund up to $ 25 per month

    Monthly qualifications

    Earning cash rewards and ATM fee refunds is very easy. To qualify each month, just do really comfortable things that you probably already do, such as:

    • Make at least 12 purchases with a debit card
    • Register conveniently via eStatements
    • Have at least one direct deposit, automatic deposit, or withdrawal

    If you can’t make it in a month, just try again. And remember, your account is always free.

    Additional benefits

    • No monthly service fee
    • No minimum balance to earn rewards
    • Can be linked to a Savings Plus account for automatic savings

    Check for high interest

    A high yield savings account is one that pays a higher than normal interest rate. However, a high-interest checking account is a rarity.

    Emprise Bank offers a high interest checking account with which you can continue to increase your money even after it has been credited to your checking account.

    Starting September 2021, you can earn 1.75% APY on balances up to $ 10,000. All accounts over $ 10,000 are eligible for 0.20% APY, which is still a pretty generous rate in today’s environment.

    reward

    • 1.75% APY on balances up to $ 10,000
    • 1.75% to 0.34% APY on any balance greater than $ 10,000
    • 0.01% APY if the qualifications are not met
    • National ATM fee refund up to $ 25 per month

    Monthly qualifications

    Earning higher interest rates and ATM fee refunds is easy. To qualify each month, just do really comfortable things that you probably already do, such as:

    • Make at least 12 purchases with a debit card
    • Register conveniently via eStatements
    • Have at least one direct deposit, automatic deposit, or withdrawal

    If you can’t make it in a month, just try again. And remember, your account is always free.

    Additional benefits

    • No monthly service fee
    • No minimum balance to earn rewards
    • Can be linked to a Savings Plus account for automatic savings

    Savings plus

    With a cash back or high interest checking account linked to a Savings Plus account, your premiums are automatically transferred and your savings add up even faster!

    Saving money can cost work, but this high-yield savings account does the work for you and makes saving easy.

    Are there any fees?

    Although most banks charge fees, Emprise Bank is not one of them. Here’s a closer look at what it entails.

    ATM fee refund

    Emprise Bank, on the other hand, does not offer personal services in the United States. You can withdraw cash at any ATM in the country and get the annoying ATM fee refunded if you meet the monthly requirements.

    To receive the benefits of cashback or high interest rates, and ATM withdrawals refunds of up to $ 25 per month, you must:

    • Make at least 12 debit card transactions.
    • Start using eStatements.
    • Have one or more direct deposits, automated deposits or withdrawals.

    The ATM fee refunds for both checking accounts are the same.

    No monthly service fee

    After all, neither the checking account nor the Emprise Spar-Plus account will charge you a monthly service fee.

    The Emprise Bank has all the characteristics that make other banks undesirable. After all, you don’t want to pay a bank to keep and spend your own money.

    Transaction and activity fees

    Emprise Bank has a few other fees that you should be aware of.

    The first charge is an overdraft fee of $ 32 per use. Second, accounts that are closed within 180 days of opening will incur a $ 25 fine. Third, international transactions cost up to 2%.

    Below are just a few of the most common costs that Emprise customers may incur.

    To see all fees, you can see their fee schedule.

    How do I contact Emprise Bank?

    You can contact Emprise Bank via secure email or chat using the chat box on the website. You can also call 855-383-4301 Monday through Friday from 7:30 a.m. to 8:00 p.m. or Saturday from 8:30 a.m. to 2:00 p.m. for assistance.

    Customers who want to do video banking can do so by sending an SMS to a banker at 855-491-0368 within the same deadline and arranging virtual consultations with a video banker. Finally, if you live in Kansas, you can visit one of the bank’s 30+ stationary locations.

    Emprise Bank has an A + Better Business Bureau rating, which means you are likely to receive excellent customer service. While there are several complaints on the internet, most of them were resolved promptly.

    Emprise Bank vs. Competitor

    When looking for alternatives to Emprise Bank, you are really looking for two things: a place to park unused cash.

    In terms of keeping your money safe, there are other checking accounts or high yield savings accounts that pay out more than 0.20% APY. In addition, many of Emprise Bank’s competitors do not have such high deposit or balance requirements.

    For example, Aspiration’s Spend & Save account allows you to earn 1% APY and pay up to $ 200 to open an account. You can also earn up to 0.40% APY using CIT Bank’s Saving Builder if you only deposit $ 100 per month.

    When it comes to investing, Emprise Bank offers a lackluster brokerage service and there are also various commission-free brokers that you can consider. For example, Robinhood and Webull let you both trade for free and even pay to sign up with free stocks. In addition, both platforms let you buy fractions of shares unlike Unifimoney.

    As for robo-advisors, one of the popular competitors of Emprise Bank is Betterment, which charges a 0.25% annual management fee for accounts under $ 100,000. You can also invest for free with SoFi Invest’s automated investing.

    Ultimately, Emprise Bank is ideal if you are in any of the states that it operates in and can meet the minimum requirements. If you can’t meet funding requirements, stick with low or free alternatives.

    How do I open an account?

    After choosing the right account for you, head to either the Cash Back Checking or High Interest Checking account page. Then click the “Open Account” button and you will be able to create and open a bank account in less than 5 minutes.

    At this stage you will need to provide your name, email address and telephone number. Emprise will now ask you if you would like to set up a joint account. In this case, have the other account holder’s information ready.

    You will then be asked to provide an email address. Additionally, at the end of the process, you need to decide on a source of funding and finalize the account.

    Is it safe and secure?

    Emprise Bank offers a secure banking environment. You can also get FDIC insurance up to $ 250,000 through your accounts.

    Is it worth?

    Emprise Bank offers two strong checking accounts. It will be difficult to beat what Emprise Bank has to offer if you are looking for a cash back checking account or a high interest checking account.

    With the premium current account you get a larger amount of money back. If you choose the high-interest checking account, you get a tariff that is superior to most of the savings accounts on the market.

    Emprise Bank, on the other hand, is not suitable for non-residents looking for access to stationary branches. Would you like to learn more about Emprise Bank’s checking account options? Take a look at these free checking accounts if you’re looking for more choices.

    Features of the Emprise Bank

    Account typesCheck, save, CD and more
    Minimum deposit$ 100
    Check for high interestUp to $ 10,000: 1.75% Over $ 10,000: 0.20%* if the requirements are met
    Cashback check2% * (up to $ 6 / month)* When the requirements are met
    Maintenance feesNone
    branches30+ across the state of Kansas
    ATM availabilityUnlimited no-fee deposits and withdrawals at Emprise ATMs
    Refunds of up to $ 25 / month at non-Emprise ATMs (for ATM fees of $ 4.99 or less)
    Customer service number855-383-4301
    Customer service hoursMonday – Friday, 7.30 a.m. to 8 p.m.
    Saturday, 8.30 a.m. to 2.00 p.m.
    Mobile app availabilityiOS and Android
    pay the billYes sir
    FDIC certificate4789
    PromotionsNone

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