If you’re in the market for a bank that offers high rates, Dollar Bank may be for you. They offer a wide variety of savings and checking accounts, both being able to bear interest.
In business for more than 160 years, Dollar Bank has grown a large amount, but it still remains an independent bank. This means they do not have any stockholders. Their focus is on their customers and how they can make each and every one of them happy, instead of focusing on the price of their stock.
If you’re interested, continue reading down below to learn all the different benefits and features Dollar Bank has to offer.
Checking Account Options
Every checking account from Dollar Bank offers online/mobile banking, online pay, alerts, etc. They also offer a ton of aid when customers are switching from another checking account to a Dollar Bank checking account.
This account includes “everything,” such as no annual fee for the overdraft protection and no surcharge for non-Dollar Bank ATM transactions. This account is also interest bearing and will let you earn higher rates on their savings accounts and CDs. You need $50 to open the account. You can waive the monthly service fee by conducting six transactions each month or with a $2,500 average balance.
If you just need the bare minimum in a checking account, this may be perfect for you. The Free Checking account requires no minimum balance or maintenance fees. In exchange, however, you won’t earn any interest rates. You’ll also have access to the large Allpoint or Freedom Alliance ATM network. Dollar Bank won’t charge a surcharge for use of these ATMs, but the host bank might charge a fee.
As the name suggests, this account does not require a minimum balance. $50 is still required to open this account, but if you’re living paycheck to paycheck, this account is great. Unfortunately, because of no minimum balance requirement, a small monthly fee is added.
If you worry about going over your account balance, the No Overdraft Checking account may be for you. Any transactions that exceed your available balance will be declined. This way, you don’t have to worry about overdraft fees. You need $25 to open this account and you don’t have to meet a minimum balance. But you will pay a small monthly service fee.
Compare Checking Accounts
 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Earn interest with the Dollar Banks Savings accounts. A wide range of different accounts are offered, so hopefully there’s one that suits your needs.
The Everything Savings account linked with the Everything Checking account will earn you relationship rates on your savings. You don’t have to keep a minimum balance and there is no monthly service fee.
If you can maintain an average balance of $20,000, you become eligible to earn higher interest rates with this savings account. When you link it to your Everything Checking account, you’ll earn even higher rates. If your balance dips below $20,000, though, you’ll pay a hefty monthly fee.
You can open this savings account with $25. You’ll keep track of your account balances with your physical passbook, which you must bring with you when you go to the bank. There is no monthly minimum balance requirement or service fee for this account.
This account can be opened with a $50 opening deposit. However, if you want to earn interest, a balance of $250 must be maintained. You can conduct up to 6 withdrawals per month before you incur the excessive withdrawal fee. This account doesn’t have a minimum balance or monthly service fee.
You can open this savings account with $50, but you’ll need to reach $250 before you’ll earn interest. There is no monthly service fee, but you will pay for paper statements. Online statements are free, but the fee can be waived with an average balance of $2,500.
Earn higher interest rates with this savings account if you have the $5,000 minimum opening deposit available. You only get one withdrawal per month, though. A hefty monthly fee will be charged if a minimum balance of $20,000 is not reached.
Compare Savings Accounts
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.70% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
CD Account Options
If you’re looking for a long term savings account, Dollar Bank has a large variety of CD options. Keep in mind that a majority of their CD accounts require a $2,500 opening deposit and will only allow you to withdraw the interest on the interest disbursement date or within the 7 day grace period after that date.
With the option to choose from terms between 6 months and 120 months, tt also offers tiered interest rates for balances of $10,000 and $25,000. You have a one time option of “bumping up” (more information later) your CD during it’s duration.
Switch up your investments using multiple CDs with varying maturity dates. This way, you have access to some of your funds every 6 to 12 months. You protect yourself against the risk of falling interest rates by tying up some of your money in longer-term CDs.
This rates allows the client to earn a higher rate every 90 days up to 12 months. You have the option of withdrawing every 90 days, or maintain your balance and roll them over for higher interest rates.
With the Everything Checking Account, you have the option to earn higher rates with this CD. You can choose to have your interest deposited into your checking account or keep adding it to your CD’s principal to compound the interest.
This CD allows you to bump up your rate if rates are ever to increase during your CD duration. Never miss out on increasing CD rates.
If you can hold your money for just three short months, you will have be able to earn high interest rates. You can withdraw the funds penalty-free after the first seven days of opening the account.
This is the only Dollar Bank CD that allows a minimum opening deposit lower than $2,500. A deposit of $500 is required.
Compare CD Accounts
 • Available nationwide online, Discover® offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
Reasons To Bank With Dollar Bank
- Gain access to over 55,000 Dollar Bank ATMs. Super convenient and it makes it easier to avoid third-party ATM fees.
- Although a fairly common feature with banks nowadays, have access to your bank account 24/7 thanks to online/mobile banking.
- Dollar Bank allows you to customize alerts. Set some in regards to a monthly bill payment, or if your account balance ever gets below a certain amount.
- Keep track of your spending with the Online Banking Expense Tracker. This makes it a lot easier to track and control your spending.
- They offer educational seminars for all ages to help teach about financing.
- Set up automatic savings account deposits to help maintain a steady growth in wealth.
Reasons Not To Bank With Dollar Bank
- Dollar Bank is only located in Ohio, Pennsylvania, and Virginia. If you don’t live in one of those three states, you won’t be able to bank here.
- Only one checking account, Everything Checking, earns interest rates.
- They charge quite a large amount of fees, some that other banks never charge.
How It Compares
- PNC: An East Coast bank that focuses heavily on budgeting, savings, and educating college students about financing. PNC offers a large variety of budgeting tools and access to what they call a “Virtual Wallet,” which is an all-in-one checking, savings, and money market account.
- KeyBank: With multiple locations across 15 states, this bank will give you a little more access than Dollar Bank. Services similar to Dollar Bank are offered, but KeyBank tends to offer easier access to their relationship banking interest rates.
- Citizens Bank: If you are in the market for specialized accounts, such as a college savings account or money market accounts with high interest rates, Citizens Bank may be a good option. They currently have branches in 11 states, mostly on the East Coast, and tend to reward customers with large balances in their checking and/or savings accounts.
Dollar Bank Routing Number
The main routing number is 243074385. To find find this routing number, you can simply check the bottom left corner of your checks – check to see if this number differs.
Contact Customer Service
Reach Dollar Bank Customer Service at 1 (800) 828-5527.
In addition, you’re able to fill out an online Customer Service Request, but a response can to take between one and two business days.
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Bottom Line
If you live near a physical branch or by any of their ATM locations, Dollar Bank may be the bank for you. Indulge in their wide variety of accounts, where one is hopefully perfect for you.
Just be sure to keep an eye out on fees, they have plenty of them, but they can all be avoided.
If you enjoyed this post, be sure to check out more on HMB! You can also find out list of Best Dollar Bank Promotions as well as other great Bank Bonuses!
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