First National Bank of Omaha (FNBO) has a rich history, having been founded in 1857. Based in Omaha, Nebraska, FNBO offers a range of banking services online, catering to customers in eight U.S. states. One notable aspect of FNBO is its online banking division, FNBO Direct, which provides high-yield savings and money market accounts that are available nationwide.
FNBO offers a variety of deposit accounts to meet different financial needs. The Access Debit account is a basic checking option with no monthly fee or minimum balance requirement, but it does not include checks or overdraft protection. On the other hand, the Premier Checking account allows deposits to earn interest, with rates varying by location. Customers can have the $15 monthly fee waived by maintaining an average daily balance of $15,000 or more. This account also comes with free checks and overdraft protection.
For customers looking to save, FNBO offers a Savings account that earns interest when paired with an FNBO checking account. The interest rate depends on the deposit amount and location. However, customers are limited to six free withdrawals per month, with a $5 fee for each additional withdrawal.
FNBO’s Money Market account also offers interest based on deposit amount and location, with no monthly fee or minimum balance requirement. A minimum deposit of $1,000 is required to open the account, and customers can make fee-free withdrawals up to six times per month.
For those interested in a hybrid savings option, FNBO’s Flex Savings account combines features of a CD and savings account. Customers can lock in an interest rate for three or six months, with a rate of up to 3.5% for a 3-month lock. The account has a $25 monthly fee, waived with a balance of $1,000 or more, and allows two free withdrawals per month.
Additionally, FNBO offers CDs with terms ranging from 91 days to five years, with competitive rates based on whether or not the customer has an FNBO checking account. The bank also provides various loan options, including mortgages, personal loans, auto loans, and credit cards with rewards and benefits.
While FNBO has received mixed reviews regarding its community impact and environmental policies, the bank has contributed over $7.5 million to nonprofit organizations. However, FNBO has faced scrutiny for illegal charges made to credit card customers, resulting in a significant fine from the Consumer Financial Protection Bureau in 2016.
Customers can reach FNBO’s customer support 24/7 by calling 800-642-0014 or visiting FNBO.com. The bank also offers mobile banking apps for both iPhone and Android, with free FICO credit score monitoring. FNBO is FDIC-insured, ensuring that deposits are protected up to federal limits.
In conclusion, FNBO is a longstanding and reliable bank with a range of deposit accounts, loan options, and credit card offerings. While there are limitations to its services, such as varying interest rates by location and limited service area, FNBO remains a reputable institution with a strong track record in the banking industry.
