First Republic ATM Rebate Checking Account

Forget about ATM fees, and enjoy free cash withdrawals worldwide!

securely on the bank's website

The First Republic ATM Rebate Checking is a checking account that offers unlimited ATM fee rebates, meaning its accountholders will never have to pay any ATM fees. First Republic will never charge you for using out-of-network ATMs, and will reimburse you any surcharge fees other ATM owners and network might charge you.

The above feature would be quite attractive were there not other fees and balance requirements linked to the ATM Rebate Checking. First, there's the $25 monthly fee. To avoid it, you'll have to keep a minimum daily balance of at least $3,500. The same amount or greater is required for you to be able to earn interest on your balance. As if the rates were not poor enough. Then, there are all other fees, such as overdraft and NSF fees, check order fees, outgoing wire transfer fees, foreign transaction fees, etc. Not to mention the $500 minimum deposit you're required to make at account opening.

Some of the negatives aside, you will still receive a free Visa ATM/debit card, and get to use First Republic Online and Mobile Banking, in addition to their 24/7 Telephone Banking service. But, all the banks offer these free of charge. Digital banking tools are a most, as they include features allowing you to manage your checking account as you wish. Whether you're at home or on the go, you'll be able to access your First Republic ATM Rebate Checking Account using your device, and stay on top of your budget by keeping an eye on your balance and debit card usage. You can set up account and card alerts for more control, and move funds between your bank accounts to avoid overdrafts. With mobile check deposits, online bill pay, and many other convenient services, you won't have to waste time at a branch or over the phone. Instead, you will be able to bank whenever and wherever you want.

That said, the First ATM Rebate Checking is not for first-time bankers or younger people or even anyone looking for a truly rewarding checking account that comes with unique perks and pays interest without any minimum balance requirements. The only thing that makes this checking account stand out in particular are those ATM fee rebates, nothing else. Yet, you can still find no-ATM-fee checking account offers that beat this one.

Checking account details

Checking account fees

  • Monthly Fee
    $25 (can be waived)
  • APY
    0.001%*
  • Minimum Deposit to Open
    $500
  • Out-of-Network ATM Transaction Fee
    $0
  • Out-of-Network ATM Withdrawal Fee
    $0
  • Overdraft Fee
    $30
  • Non-Sufficient Funds Fee
    $30
  • Foreign Transaction Fee
    1%

First Republic ATM Rebate Checking Account FAQ

1. How can I open a First Republic ATM Rebate Checking account?

If you'd like to open a First Republic ATM Rebate Checking, you can contact a First Republic banker at (888) 408-0288 or have someone from the bank contact you by completing this form. You can also visit a First Republic branch directly, if there's one in your area.

You can't apply for the First Republic ATM Rebate Checking online.

2. How do I earn interest on my First Republic ATM Rebate Checking balance?

The First Republic ATM Rebate Checking pays interest only on balances above $3,500, so the only way to earn interest is to maintain a minimum daily balance of more than $3,500.

3. Why was I charged for using non-First Republic ATMs?

If you were charged fees for using out-of-network ATMs, there's nothing to worry about. First Republic will reimburse you any domestic and foreign country ATM access fees at the end of each monthly cycle.

4. Will First Republic reimburse me foreign transaction fees?

No, even though, as a First Republic ATM Rebate Checking customer, you have free access to ATMs worldwide, foreign transaction fees still apply, as well as any other usage fees, which vary by country and ATM network.

5. What kind of ATM/Debit Card will I get with a First Republic ATM Rebate Checking account?

When you open a First Republic ATM Rebate Checking, you'll receive a Visa ATM/debit card you can use worldwide for ATM cash withdrawals, balance inquiries, and other ATM transactions. As a First Republic ATM Rebate Checking customer, you'll be able to use your ATM/debit card at ATMs worldwide free of charge! You can also, of course, use your First Republic ATM/debit card for in-store and online purchases. You can link it to a digital wallet, such as Apple Pay or Visa Checkout for fast and convenient payments, as well.

Your Visa ATM/debit card comes with Visa Zero Fraud Liability, and 24/7 fraud monitoring and client support ((800) 392-1407).

You'll be able to view your debit card transactions on your monthly statements, so as to keep an eye on your debit card usage, spending activity, and security overall.

 

6. How can I avoid overdrafts with a First Republic ATM Rebate Checking?

First Republic officially has 2 overdraft protection options:

1. Overdraft Protection by Linked Account:

In case you want to avoid overdrafts, you can have a First Republic Money Market account linked to your ATM Rebate Checking, so that, if there's not enough money in your ATM Rebate Checking balance to cover a transaction, the funds will be transferred from your First Republic Money Market to your First Republic ATM Rebate Checking account, and the transaction approved.

Whether other First Republic bank accounts are eligible as part this overdraft protection plan with the ATM Rebate Checking, we cannot tell for sure, so you better check with a First Republic banker.

2. Overdraft Line of Credit:

If possible, you can link your First Republic Line of Credit to your ATM Rebate Checking to avoid fees when your check is returned due to insufficient funds. It also covers transactions with an ATM/Debit Card or ATM Card. Again, check with the banker whether you can have this included in your First Republic ATM Rebate Checking.

7. What can I use the First Republic Mobile Banking app for?

The First Republic Mobile Banking app allows you to manage your First Republic ATM Rebate Checking account, as well as any other bank account of yours in an easy and convenient way. It's optimized for mobile devices, so you can bank while on the go as if you were at home.

You can use the app to:

  • check your account balances, see recent transactions, and monthly statements,
  • find and deposit checks,
  • transfer money between your First Republic accounts, as well as between your First Republic accounts and those you have with other banks,
  • send money to people and businesses,
  • pay bills, make one-time payments, and set up recurring payments,
  • turn on account and card alerts,
  • find your routing and account numbers,
  • contact customer support,
  • add any other bank account of yours for a full financial picture, and more!
8. Where can I download the First Republic Mobile Banking App?

You can get the First Republic Mobile Banking App on the App Store or Google Play, depending on the type of your mobile device.

9. What are First Republic Personal Banking Services?

First Republic Personal Banking Services include a range of banking services offered to First Republic customers. These include:

  • Automatic Loan Debit,
  • Cashier's Checks,
  • Certificates of Deposit,
  • Chip Cards,
  • Collection Items,
  • Direct Deposit,
  • Domestic and International Wire Transfers,
  • External Transfers,
  • Funds Transfers,
  • Overdraft Protection (Overdraft Line of Credit and Overdraft Protection by Linked Account),
  • Refinancing.

These are basically services any bank offers, the only difference might being that, with First Republic, you'll have a personal banker work with you to find a solution that meets your financial needs. In case you ever need help making a wire transfer, ordering checks or opening a new First Republic account, you will receive immediate assistance.

10. What can a First Republic Digital Specialist help me with?

First Republic Digital Specialists are digital banking experts, there to help you get the most out of digital banking. You can receive a personal support by reaching out to a First Republic Digital Specialist with any related question you may have. Whether you're a first-time digital banking user, and need guidance with how to set up your online account or want to learn about everything you can do in online and mobile banking, a dedicated professional can help you through the process. You can schedule a internet security health check, done at no additional cost for you, to evaluate your internet safety knowledge, and learn how to stay protected when banking online.

To get started, drop them an email at digital@firstrepublic.com.

Check Out Other Products From First Republic
Bank Monthly Service Charge Minimum Deposit to Open APY
First Republic Classic Checking Account $25 (can be waived) $500 0.00%
First Republic Basic Checking Account $3 $25 0.00%
First Republic ATM Rebate Checking Account $25 (can be waived) $500 0.001%*
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