Radius Bank on Apple Pay
Radius Bank on Apple Pay

Many innovators in the banking industry get big headlines when they introduce sleek digital services, but then slip in hidden fees or remove perks — think of Ally’s restriction of ATM rebates — as consumers flock to the product.

Not so with Radius Bank, a pioneer in online banking. It has stuck to its original game plan, keeping things simple for the consumer. Nothing hidden, no bait-and-switch.

Consider Radius’s enormously popular hybrid checking account, introduced in June 2015, which uses smart technology to combine easy checking with with high-interest earning. Unlike banks that force consumers to transfer funds from checking to savings to make the most of earnings, Radius provides an all-in-one solution. One account provides excellent checking convenience — revv up that smartphone — and top earnings.

“Radius Hybrid ensures a simplified banking experience with flexibility and no hidden fees,” says Chris Tremont, executive vice president of virtual banking for Radius Bank. “That’s why more consumers choose to entrust their money with us. For those who don’t want to constantly monitor accounts and transfer money back and forth, Hybrid has proven to be the perfect account.”

“For those who don’t want to constantly monitor accounts and transfer money back and forth, Hybrid has proven to be the perfect account.”   – Chris Tremont, EVP of Virtual Banking at Radius Bank

The Radius Hybrid program keeps that message at its heart. Accounts can be opened easily, often in a matter of minutes, and updated remotely, yet the accounts are every bit as secure — fully FDIC insured — as those held by brick-and-mortar banks.

The innovative program features:

  • A high APY on the portion of your balance above $2,500
  • Free debit cards with no Radius ATM fees and unlimited ATM fee rebates
  • Apple Pay services with debit cards
  • Free online and mobile banking
  • Free first order of checks
  • No monthly maintenance fees
  • No monthly minimum balance requirement after a $10 minimum is placed to open

“We focus on always putting the client first,” says Tremont. “With Hybrid, we’ve created a product that gives consumers what they want, and that’s a convenient, straightforward account that helps them earn more.”

(Disclosure: This post contain references to products from one or more of our advertisers. We may receive compensation. See an explanation of our advertising policy.)

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  • Matt77

    Ha! i wonder how it will play out for Ally Bank on this