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North American Savings Bank Money Market Checking Review


ConsumersAdvocate.org Rating: 4 / 5 (Very good)
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The North American Savings Bank (NASB) offers a variety of commercial banking products and services, namely bank accounts and loans. Based in Grandview, Missouri, the bank operates as a subsidiary of NASB Financial, Inc. and has been providing its services to customers for over 91 years. In addition to its headquarters, the NASB operates nine deposit branch locations, as well as three residential loan origination offices, and one residential construction loan origination office
 
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How is North American Savings Bank rated?

Breakdown

4.0/5
APY Rates
4.0/5
Fees and Restrictions
4.0/5
Perks

Overall Rating: 4 / 5 (Very good)

The NASB's Money Market Checking account is an excellent choice for consumers looking for a solid money market account—even more so for consumers near its physical branches in Missouri. Consumer satisfaction with the bank's services and products is high, as evidenced by its page on the BBB and the overall lack of complaints online. Furthermore, the variety of features available on the bank's mobile app, including check deposits, bill payments, and financial management tools, work together to make the account a lot more than just its modest APY rate. Lastly, an extensive network of ATMs means customers can access their funds from all over the nation, never being fully fenced off their money. We recommend NASB's Money Market Checking account to those who want a comprehensive suite of tools mixed in with their bank account.

North American Savings Bank Account Features

APY Rates - 4 / 5

The NASB's chief money market account, the Money Market Checking account, features a varying annual percentage yield that starts at 0.20%. There are two benchmarks for acquiring a higher APY rate. The first is $25,000 in funds, which nets consumers a 0.30% APY. The second is $50,000 in funds, which grants a 0.45% APY. Regardless of balance, a minimum of $1,000 is required to open an account with the NASB and avoid being charged its monthly fee. All of NASBs checking accounts, including the Money Market Checking account, feature free financial education and management tools. NASB checking accounts can also make bill payments online and get a free ATM debit card with no added usage fees. The debit card can be used to make transactions in over 24,000 ATMs nationwide. For those in or near the state of Missouri, the NASB has over 11 branches in the state which customers can visit to make cash deposits. Other methods of deposit include mobile check deposit, online transfers, wire transfers, and direct deposit.
APY (Annual Percentage Yield)
0.20% – 0.45%
Minimum Balance to Avoid Monthly Fee
$1,000
Minimum Opening Deposit
$1,000
Check Writing
Yes
Debit Card
Yes
Physical Branches
The North American Savings Bank has 11 deposit branches in the state of Missouri. These are located in Grandview (HQ), Lee's Summit, Independence, Harrisonville, Kansas City (2), Platte City, Excelsior Springs, St. Joseph, Lexington, and Odessa.
Integration with Other Online Accounts
Savings
ATM Locations
NASB customer can withdraw funds from over 24,000 MoneyPass® ATMs across the nation.
Methods of Deposits
Mail Check
Mobile Check Deposit
Physical Branch
Wire Transfer
Online Transfer
Direct Deposit

North American Savings Bank Fees and Penalties

Fees and Restrictions - 4 / 5

NASB customers are not billed any surcharge fees when making transactions with their debit card at branded or MoneyPass® network ATMs. A monthly fee of $7.59 is charged to account owners holding less than $1,000 in their Money Market Checking account. Other fees include stop payment, check reorder, and deposited item returned fees.
Monthly Fee
$7.50
Other Fees
Outbound ACH Fee
Replacement Card Fee
Expedited Delivery for Replacement Card Fee
Check Reorder Fee
Stop Payment Fee
Insufficient Funds Fee
Deposited Item Returned Fee
ATM Reimbursement
No-Fee at Branded ATMs
No-Fee at Network ATMs

North American Savings Bank Financial Strength and Reputation

Perks - 4 / 5

The NASB was founded in 1927 and is accredited by the BBB, holding an A+ rating with the bureau. It also enjoys a very small number of complaints online. 24-hour-a-day phone access is available for account owners via the bank's Personal Access Line. Consumers may contact the company via email, phone call, and social media Mondays through Fridays from 8:00 am to 5:00 pm. The bank is closed on Sundays and Saturdays.
Year Founded
1927
Live Help 24/7
Yes
Customer Support Hours
08:00 AM - 05:00 PM
Contact Methods
Phone
Email
BBB Rating
A+
BBB Total Complaints
3
BBB Resolved Complaints
2
Consumer Financial Protection Board (CFPB) Complaints
0
Date Collected
2018-10-09

Company Profile

Full Name
North American Savings Bank Money Market Checking
Company Website
https://www.nasb.com/nasb-home/
Headquarters
12498 South 71 Highway, Grandview, MO, 64030

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Top Rated
  • Easy access to cash
  • Withdraw funds online, phone, or ATM
  • No minimum balance requirements or service fees
  • Check writing included
  • 24/7 banking
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