Interest-Bearing:
Many ultimate accounts offer a competitive interest rate on the checking account balance, allowing you to earn money while you bank.
No or Reduced Fees:
These accounts often come with no monthly service fees, no minimum balance requirements, and may offer reduced or waived fees for certain transactions like ATM withdrawals or overdrafts.
ATM Fee Refunds:
Some accounts may offer refunds for ATM fees charged by other banks when using their debit card at a non-network ATM.
Rewards Programs:
Some ultimate accounts include rewards programs, such as cash back on debit card purchases or points for spending.
Convenience Features:
They might include features like free checks, Bill Pay, digital banking tools, and access to a wider network of ATMs.
Other Benefits:
Some ultimate accounts may also offer additional benefits, such as ID theft protection, accidental death and dismemberment insurance, or discounts on prescription drugs.