PERSONAL CHECKING ACCOUNTS - NEW YORK

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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Health Savings Account (HSA)

A BankUnited Health Savings Account can help you offset certain out-of-pocket medical expenses not typically covered by high-deductible health plans. You can claim a tax deduction for contributions made by you or someone other than your employer. Distributions may be tax free if you pay for qualified medical expenses1 such as doctor’s visits, medications, medical equipment, vision and dental care.

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All BankUnited checking accounts come with:

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

Minimum Opening Deposit

Minimum Opening Deposit

$25 $100 $50
 

Monthly Maintenance Fee

Monthly Maintenance Fee

$0
  • No monthly maintenance fee
  • No minimum balance requirement
$20

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

  • Maintain $5000 or more minimum daily balance in the account
  • Maintain $15,000 minimum daily balance in your linked BankUnited consumer deposit accounts
$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
 

Rewards

Rewards

No No Yes
 

Complimentary Standard Checks

Complimentary Standard Checks

No Yes

First order only

No
 

Complimentary Safe Deposit Box

Complimentary Safe Deposit Box

No Yes

Standard size (subject to availability)

No

 

Value Checking Account Details

  • $25 minimum opening deposit
  • BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations 2
  • No monthly fee

Relationship Checking Account Details

  • $100 minimum opening deposit
  • BankUnited customers enjoy free ATM transactions at all BankUnited and Allpoint ATM locations 2
  • Complimentary standard size safe deposit box (subject to availability)
  • Free paper statements
  • 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)

Health Savings Account 4 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 3:
    • 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 3:

  • Tax deductions for contributions
  • Any interest that you earn is exempt from income tax
  • Tax-free withdrawals for qualified medical expenses
  1. For a list of qualified medical expenses, please refer to Internal Revenue Service Publication 502 available at www.irs.gov.
  2. 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.
  3. 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.
  4. 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.

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