PERSONAL CHECKING ACCOUNTS

Banking that fits your life

We offer a variety of checking options to give you easy, convenient access to your money. Feel supported and enjoy the personal touch of your banker or the convenience of banking on-the-go via our mobile app.

Person sitting on large check

Value Checking

A simple, low-cost way to make managing your money easier – with no hassle and no frills.

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Relationship Checking

Our Relationship Checking Account allows you to earn interest on your checking account balance.

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Vertical Rewards Elite Checking

Start earning up to 0.50% combined interest and APY 1 today by simply doing your everyday banking with this flexible checking account.

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All BankUnited checking accounts come with:

VISA® Debit Card
Online Banking
Bill Pay
eStatements
 
 Value Checking Relationship Checking Vertical Rewards Elite Checking Health Savings Account
 

Minimum Opening Deposit

Minimum Opening Deposit

$50 $100 $5,000 $50
 

Monthly Maintenance Fee

Monthly Maintenance Fee

$7

Avoid the monthly fee with one of the following each monthly statement period:

  • Maintain average monthly balance of $500 or more in the account or
  • ACH credits totaling $500 post to the account (automated payroll deposit or social security, as an example) or
  • Use your debit card to process 10 or more point-of-sale transactions
$20

Avoid the monthly fee with one of the following each monthly statement period:

  • Maintain $5,000 or more minimum daily balance in the account
  • Maintain $15,000 minimum daily balance in your linked BankUnited consumer deposit accounts
$20

Avoid the monthly fee with the following each monthly statement period:

  • Maintain $5,000 minimum daily balance in the account
$2.50

Avoid the monthly fee with the following each monthly statement period:

  • Maintain $300 minimum daily balance in the account
 

Interest Bearing

Interest Bearing

No Yes

Interest rate earned may be dependent on account balance

Yes

0.05% APY paid monthly

Yes

0.10% APY paid monthly

 

Rewards

Rewards

No No Yes

Earn rewards up to 0.50% combined interest and APY paid monthly with a direct deposit and a certain number of qualifying transactions 1

No
 

Complimentary Standard Checks

Complimentary Standard Checks

No Yes

First order only

Yes

First order only

No
 

Complimentary Safe Deposit Box

Complimentary Safe Deposit Box

No Yes

Standard size (subject to availability)

Yes

Standard size (subject to availability)

No

 

Value Checking Account Details

  • $50 minimum opening deposit
  • BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations. 3
  • $7 monthly fee

Ways to avoid the monthly maintenance fee:

  • Maintain an average monthly balance of $500 or more in the account; or 
  • Have one or more ACH deposits totaling $500 or more credited to your account each statement cycle; or
  • Make ten (10) or more transactions using your BankUnited debit card each statement cycle

Relationship Checking Account Details

  • $100 minimum opening deposit
  • BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations 3
  • Complimentary standard size safe deposit box (subject to availability)
  • Free first order of standard checks (shipping rates apply)
  • $20 monthly fee

Ways to avoid the monthly maintenance fee:

  • Maintain a minimum daily balance of $5,000 or more in the account; or
  • Maintain a minimum daily balance of $15,000 or more in all eligible linked BankUnited consumer deposit accounts (i.e. savings, money market, or certificate of deposit accounts)

Vertical Rewards Elite Checking Account Details

  • $5,000 minimum opening deposit
  • BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations 3
  • Complimentary standard size safe deposit box (subject to availability)
  • Free first order of standard checks (shipping rates apply)
  • $20 monthly fee

To avoid the monthly maintenance fee:

  • Maintain an average daily balance of $5,000 in your Vertical Rewards Elite Checking Account during each statement cycle

How Vertical Rewards Elite Checking Works:

During the first three statement cycles following account opening (“Introductory Period”), have a direct deposit post to your account each statement cycle and receive interest rate rewards of 0.50% APY. 1

After the Introductory Period, your interest rate rewards will be determined as follows for each statement cycle with direct deposit: 1

  • Earn 0.50% combined APY rewards when you make 7 or more qualifying transactions plus a direct deposit via ACH
  • Earn 0.30% combined APY rewards when you make 4 to 6 qualifying transactions plus a direct deposit via ACH
  • Earn 0.10% combined APY rewards when you make 1 to 3 qualifying transactions plus a direct deposit via ACH
  • Account will earn 0.05% in interest regardless of the number of qualifying transactions on balances up to and including $250,000

What transactions qualify:

  • Additional direct deposits via ACH
  • Automatic debits via ACH
  • Point of sale transactions using a BankUnited VISA® debit card
  • Checks posting to and clearing from your account

Health Savings Account 5 Details

  • Control how much you put into the account and whether to save for future expenses or pay current medical expenses (up to HSA contribution limits). See current HSA contribution limits.
  • Use the funds in your account to pay for current or future qualified medical expenses—including those your insurance may not cover, such as:
    • Health insurance or medical expenses if unemployed
    • Medical expenses after retirement (before Medicare)
    • Out-of-pocket expenses when covered by Medicare
    • Long-term care expenses and insurance
  • Funds remain in the account from year to year, there are no "use it or lose it" rules
  • Accounts are completely portable, so you can keep your HSA even if you change jobs, change your medical coverage, or become unemployed
  • Save for future medical expenses and grow your funds through investment earnings
  • You may even be able to lower your premium with health insurance coverage that has a higher deductible and less out-of-pocket per month
  • An HSA may provide you with tax savings: 4
    • Tax deductions when you contribute to your account
    • Any interest that you earn is tax exempt
    • Tax-free withdrawals for qualified medical expenses

With a BankUnited HSA:

  • Control how much you contribute. See current HSA contribution limits.
  • which current or future qualified medical expenses to pay
  • remain in the account from year to year, there are no "use it or lose it" rules
  • Accounts are completely portable, so you can keep your HSA if you change jobs, retire, or become unemployed
  • Save for future medical expenses and grow your funds through investment earnings
  • You may even be able to lower your health insurance premium by switching to a high deductible health insurance plan

HSA may provide you with tax savings: 4

  • Tax deductions for contributions
  • Any interest that you earn is exempt from income tax
  • Tax-free withdrawals for qualified medical expenses
  1. A Vertical Rewards Elite Checking Account (the “Account”) is a variable interest rate account. During the first 3 statement cycles following account opening (the “Introductory Period”), the annual percentage yield (“APY”) for daily collected balances, up to and including $250,000, may be a maximum of 0.50% APY, provided that a direct deposit via ACH has posted to the Account each statement cycle. If a direct deposit does not post to the Account during a statement cycle during the Introductory Period, all daily collected balances, up to and including $250,000, will earn the base interest rate of .05% APY (“Base Interest Rate”) for that statement cycle, and the Account will still be eligible to earn rewards during the next cycle. After the Introductory Period, the APY on daily collected balances, up to and including $250,000, in the Account may range from .05% APY to 0.50% APY depending upon (i) a direct deposit via ACH posting to the Account and (ii) the number of qualifying banking services (“Qualifying Services”) performed each statement cycle. If the direct deposit and/or the minimum number of Qualifying Services are not met during a statement cycle, all daily collected balances, up to and including $250,000, will earn the Base Interest Rate for that statement cycle. APYs stated herein are accurate as of 10/23/2020. APYs stated herein are established by BankUnited, N.A. (“BankUnited”) in its sole discretion and may change at any time. Balances greater than $250,000 are not eligible to, and will not, earn interest or rewards. Minimum opening deposit is $5,000. Transactions must post and settle to the Account during the applicable statement cycle. Banking services transactions may take one or more business days from the transaction date to post to the Account. A $20 monthly maintenance fee will be assessed if the average balance in the Account falls below $5,000 during a statement cycle. A $15 early closeout fee will be assessed if the Account is closed within 6 months of the account opening date. Fees may reduce earnings. Additional fees, terms and conditions apply. Please refer to our applicable product disclosures, Depositors Agreement and Schedule of Fees for additional information. BankUnited reserves the right to cancel or modify this offer at any time without notice. Offer is for new consumer accounts only. Please contact a BankUnited representative for additional details.
  2. For a list of qualified medical expenses, please refer to Internal Revenue Service Publication 502 available at www.irs.gov.
  3. A $2.50 fee will be charged for each transaction performed at a non-proprietary ATM that is not within the Allpoint Network. Fees charged by the ATM owner/operator may also apply.
  4. Distributions used for non-qualified medical expenses will be taxable and may be subject to penalties. BankUnited does not offer legal, tax or accounting advice. Please consult your tax advisor for questions concerning your personal situation.
  5. To be eligible for a health savings account, you must be enrolled in a high-deductible health plan that meets IRS guidelines for the annual deductible and out-of-pocket maximum. Additional eligibility requirements and contribution limits apply.

A $15 early closeout fee will be assessed if the Account is closed within 6 months of the account opening date. Fees may reduce earnings. Additional fees, terms and conditions apply.

Please refer to our applicable product disclosures, Depositor's Agreement, Funds Availability Disclosure and Schedule of Fees for additional information.

Want to open an account or learn more?

Call us at (877) 779-2265 or send us a message