FNBO Direct Review

How does your bank stack up?

  • Financial Rates: 5.0 Star Icon
  • Customer Service: 3.0 Star Icon
  • Website Experience: 5.0 Star Icon
  • Bank Fees: 5.0 Star Icon
Advertiser Disclosure
Savings/MMA · Member FDIC Insured


  • No monthly fees or required amounts
  • Accounts offer competitive rates
  • Low opening balance
  • Any amount earns highest interest rate


  • No business accounts available
  • Interest rates for CDs low
  • Limited personal deposit accounts
  • Savings account must be linked

What You Need to Know

The accounts offered through FNBO Direct do not have a monthly fee. There is not an amount required to keep in the account. There are no fees for not having that amount in the account each month.

FNBO Direct savings and checking accounts offer competitive interest rates. Those rates are competitive with other online-only accounts. They are much higher than your typical brick and mortar bank rates.

The amounts required to open FNBO Direct accounts is low. The savings and checking account only require $1 to open. The different CD terms all only require $500 to open. There is no set amount to keep in FNBO Direct accounts.

Any amount deposited in FNBO Direct accounts earns the highest interest rates offered. The interest is not adjusted based on the account balance. The minimum amount to open a savings and checking account is $1. Any amount over $0.01 earns the highest interest rate offered. The CD requires $500 to open.

There are no business accounts available through FNBO Direct. The only accounts offered are personal deposit accounts. There is a saving and checking account and different term lengths of CDs. The terms range from a six-month CD to a five-year CD.

The interest rates offered on the FNBO Direct CDs are lower than other online banks. They are not as competitive as FNBO Direct rates for their savings and checking accounts. Other online bank accounts offer more competitive interest rates for CDs.

There is a limited option of personal deposit accounts available through FNBO Direct. There is only one savings account, one checking account, and CDs. There are eight different CD term lengths. The terms range from six-month terms to a five-year term. There is no money market account offered.

The FNBO Direct savings account must be linked to a checking account. You must link an external account to transfer money electronically. You can link up to three external accounts.

Cool Things

Extra Earnings Visa Credit Card

If you have an FNBO Direct online savings account or checking account, you qualify for the credit card they offer. With this credit card, you earn two points for every dollar in qualifying purchase. The two points are only offered for the first 12 months. Then you receive one point per dollar. There is no annual fee for the credit card.


FNBO Direct is an online division of First National Bank of Omaha, which is a subsidiary of First National of Nebraska. This bank started over 160 years ago. First National Bank has over 5,000 employees across seven states. They have over $20 billion in assets.

First National Bank is in its sixth generation of family ownership. It is one of the largest family-owned holding companies in the United States.

Awards and Recognition

  • "Best Banks in America" from 2012-2017 by Forbes

Giving Back

First National Bank of Omaha reinvested more than $26 million. The money helped communities they serve in during 2017. They continue to help and build the local economy and support business growth.

Frequently Asked Questions

Is This Bank FDIC insured?

Yes. FNBO Direct is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

With an ATM or debit card, electronic transfers, or through online bill pay.

Does this bank offer mobile banking?

Yes. With the FNBO Direct app, you can view account balances and pay bills. You can transfer money and deposit checks.

Is this a good bank?

The interest rates are competitive with other online-only accounts. There are no monthly fees or required amounts to keep in the accounts. There are no business accounts and limited personal deposit accounts offered.

Is this bank free?

Yes. There are no monthly maintenance fees for any FNBO Direct accounts. There is no amount required to keep in the accounts to avoid fees.

Is this bank secure online?

FNBO Direct offers firewalls and data encryption. They require password verification to each of their accounts. You will be automatically timed out after a set amount of time. Their website provides you with the date of your last session to make sure you were the last one logged in.

Does this bank offer competitive interest rates?

FNBO Direct offers competitive interest rates on their savings and checking accounts. The interest rates for their CDs are competitive with other brick and mortar banks. They are lower than other online-only accounts.

Can I use this bank for my business accounts?

No. FNBO Direct currently only offers personal deposit accounts. No business accounts are available.

How is the online bank different from the online banking my bank offers?

The interest rates are more competitive. Everything for your account is online. There are no branch locations for FNBO Direct accounts.

Do their checking accounts pay interest?

Yes. The FNBO Direct online checking account earns interest. The interest rates are competitive with other online-only accounts. There are no monthly fees for this account.

How do I reach customer service?

Through email, mail, phone.

Does this bank offer bill pay?

Yes. Free bill pay is available through the FNBO Direct online checking account.

Can I deposit cash?

No. Make a deposit by mailing a check, wire transfers, or electronic transfers.

How long do transfers take?

Mobile check deposits are available when the check clears. Transfers between FNBO Direct accounts made before 10:00 p.m. are made the same business day. Transfers made after the cut off time are made on the next business day. Transfers made from external accounts take three business days to fund.

Can I sign up for direct deposit to this account?

Yes. You can have money directly deposited into the FNBO Direct online checking account.

Bank Contact Information

FNBO Direct
P.O. BOX 3707
Omaha, NE 68103-0707

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