As of today, FNBO Direct is offering a better interest rate on the bank’s bill payment account than most other banks offer on high-yield savings accounts. If you apply for FNBO Direct Online BillPay soon, you could qualify for a $25 bonus. If you qualify for an account, FNBO will provide you with a check card (participating on the Visa network) for accessing your account. The purpose of the account is paying bills online without sending paper checks through the mail, but as you would expect with any payment account, the bank offers multiple ways to use your funds including the check card.
In order to receive the bonus, the bank requires you use the check card six times before the end of the year. Your account must also remain open for at least 90 days. If everything is copacetic, FNBO will add the $25 to your account by January 14, 2011.
Like opening any new relationship with the bank, ensure you are aware of any fees that might be charged. For normal operation, FNBO will not charge any fees for using the Online BillPay Account, but if you overdraw the account, request stop payments, or leave the account dormant, you may be subject to fees, a standard procedure in the banking industry.
Sign up for the FNBO Direct Online BillPay Account and qualify for the $25 bonus. Current customers of the FNBO Direct Online Savings Account can qualify for this bonus if they don’t already have a BillPay account.
Updated June 9, 2011 and originally published October 6, 2010. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.