FNBO Direct Bank is the trade name for First National Bank of Omaha, a multi-state bank that’s been in operation for a century and a half.
It is the largest privately owned bank holding company in the country, with more than $31 billion in assets. The bank operates in Colorado, Illinois, Iowa, Kansas, Nebraska, South Dakota, Texas, and Wyoming.
And while FNBO Direct Bank is a well-established traditional bank, it’s also becoming a major online bank, offering some innovative features.
In summary:
- FNBO Direct offers high-yield savings and money market accounts with competitive interest rates and no monthly fees, making it a strong option for those looking to grow their savings.
- The bank does not offer checking or retirement accounts, so customers may need to use another financial institution for daily transactions or long-term investment needs.
- FNBO Direct provides a fully digital banking experience with 24/7 customer service, mobile banking, online bill pay, and secure account management.
FNBO Direct Bank Review: Main Features
As an online bank, FNBO Direct Bank’s customer service is available 24 hours a day, seven days a week. You can reach a bank representative by either phone or email.
FNBO Direct Bank Mobile Banking
The FNBO Direct Bank Mobile app can be downloaded on Google Play or the Apple App Store. You can log in securely with your user ID and password, but you can also use Touch ID with a four-digit passcode.
The mobile app allows you to check account balances, search your transaction history, transfer funds, and even pay bills.
The app offers mobile check deposits. You can simply take photos of both the front and back sides of a check and then submit it to the account where you want it to be deposited.
The funds will be available in your account when the deposited check clears.
The app also gives you the ability to view images of previous mobile check deposits.
One of the benefits of the FNBO Direct Bank mobile app is that your account information isn’t actually stored on your phone.
As well, all data transmission is encrypted, just as it is with the online banking app.
FNBO Direct Bank BillPay
With FNBO Direct BillPay, you can pay all of your monthly bills online. Payments can also be sent to a company or individual.
The feature also allows you to set up recurring payments. You can use BillPay to make your monthly mortgage payment and pay credit cards, utilities, and other regular expenses.
The feature can even be used to make charitable contributions.
Compare Current Savings Account Rates
Savings and Money Market Accounts
FNBO Direct Bank Online Savings Account
The FNBO Direct Bank Online Savings Account requires just $1 to open an account, and just one cent to earn interest.
There are also no monthly fees for this account.
The current interest rates on the online savings account are among the best in the nation.
FNBO Direct Online Money Market Account
FNBO Direct offers an Online Money Market Account designed to provide competitive interest rates with flexible access to your funds. Key features include:
Tiered Annual Percentage Yields (APY): As of December 19, 2024, the APY varies based on your account balance:
| Account Balance | Interest Rate | APY |
|---|---|---|
| $0 – $24,999.99 | 3.74% | 3.81% |
| $25,000 – $99,999.99 | 3.83% | 3.90% |
| $100,000 – $499,999.99 | 3.93% | 4.00% |
| $500,000 – $999,999.99 | 4.02% | 4.10% |
| $1,000,000 – $2,499,999.99 | 4.12% | 4.20% |
| $2,500,000 and above | 4.12% | 4.20% |
Note: Rates are subject to change after the account is opened. Fees may reduce earnings.
No Minimum Deposit: Open an account with any amount—perfect for savers of all levels.
No Monthly Service Fees: Enjoy the benefit of no monthly maintenance charges, allowing your savings to grow without deductions.
Transaction Limitations: You may make up to six transfers and withdrawals from the account during any calendar month. Additional withdrawals will incur a $5.00 fee each.
FDIC Insured: Deposits are insured up to the maximum permitted by law, ensuring your funds are protected.
This account is ideal for individuals seeking higher returns on their savings while maintaining flexibility and easy access to their funds.?
Should You Open an Account with FNBO Direct Bank?
If you’re seeking a higher return on your savings than what most local banks offer, FNBO Direct is worth considering.
FNBO Direct stands out with its high-yield savings and money market accounts, all with no monthly fees—ensuring more of your money stays in your pocket.
What’s more, you can access your funds at any time without penalty.
One downside of FNBO Direct is that it does not offer checking or retirement accounts, meaning you may need another bank for daily transactions or long-term savings.
But you can do your banking with FNBO Direct Bank, and earn high interest rates, while holding your retirement accounts elsewhere.
Frequent Questions About FNBO:
- Is there an FNBO Direct Sign-Up Bonus? There is no current sign up bonus for new FNBO customers. You can check our list of current bank sign up bonuses for other offers.
- Does FNBO Direct offer a Business Bank Account? Not at this time. Here is more information about opening a business checking or savings account. In general, I recommend looking for a business bank account that is local to your business, making it easier to take care of business needs in person. Some great options include Chase Business Checking, which offers a lucrative signup bonus, and Capital One Spark Business, which also offers an online savings account that offers high interest rates.
For more information, or if you want to open an account, visit the FNBO Direct Bank website.
How FNBO Supports Military Servicemembers Beyond SCRA
While FNBO Direct focuses on high-yield savings and money market accounts, its parent company, FNBO, provides robust financial protections for military families. Servicemembers who have an FNBO loan or credit account may be eligible for these enhanced SCRA benefits.
FNBO offers financial protections that go beyond the basic requirements of the Servicemembers Civil Relief Act (SCRA). While all banks must comply with SCRA, FNBO has made additional commitments to supporting military customers, including:
- Interest Rate Reductions on Multiple Loan Types – Eligible active-duty servicemembers may qualify for lower interest rates on credit cards, personal loans, mortgages, home equity loans, and small business loans.
- Expanded Protections for Spouses & National Guard Members – Unlike some banks, FNBO extends certain SCRA benefits to spouses of covered servicemembers and full-time National Guard members on state orders for more than 30 days.
- Protection from Non-Judicial Foreclosure & Repossession – Active-duty members are shielded from property repossession and foreclosure without a court order, providing added financial security.
- Easy Application Process – Servicemembers can submit active-duty orders via fax, mail, in person, or through secure email, making it simple to apply for benefits.
How to Apply for SCRA Benefits at FNBO
Active-duty servicemembers can submit an SCRA request with military orders using the following methods:
- Fax: 402-633-2520
- Mail: SCRA, 1620 Dodge Street, Omaha, NE 68197-3113
- Phone (for secure email options): 855-868-8446 (Monday–Friday, 8:00 AM – 4:00 PM CST)
- In-Person: At any FNBO branch
Servicemembers have up to 180 days after completing active duty to request benefits.
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