SBIC Bank · U.S. checking accounts

SBIC High-Yield Checking

Interest-bearing checking with $100 opening deposit. Waive the $15 monthly fee with $500+ qualifying direct deposits per cycle and mobile-app enrollment. No per-purchase international debit transaction fee is advertised; outside ATM and other charges are separate.

Pros

Interest-bearing checking; confirm the current variable APY.
$15 monthly fee waived with qualifying $500+ direct deposit per statement cycle and mobile-app enrollment.
No per-purchase international debit transaction fee.

Cons

Both direct-deposit and app-enrollment conditions apply to the advertised monthly-fee waiver.
Published opening instructions request government photo ID, SSN and a $100 deposit.
Interest rate varies; the reviewed product page does not state a current numeric APY.
Foreign ATM, wire, exchange-rate and third-party costs may still apply.

Generated from the provider's published terms and reviewed against official sources.

Costs and key facts

Recurring fee	15 (currency not confirmed)
Minimum opening deposit	100 (currency not confirmed)
SSN requirement	Required
ITIN accepted	Not confirmed
Credit check	NotStated

Fee waiver: Receive $500 or more in qualifying direct deposits per statement cycle and enroll in the SBIC Bank mobile app. Confirm current account disclosure; product FAQ uses a single $500 qualifying deposit example.

Eligibility and application requirements

U.S. address: Not confirmed

Residency and other conditions: Opening instructions request photo ID and SSN. Confirm residence requirements and approval with SBIC.

Geographic restrictions: Not confirmed. Confirm availability in your state.

Product review: 01 Nov 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare u.s. checking accounts requirements and costs · How we assess published requirements

Service fees

Overdraft / returned item	Not confirmed
Outgoing domestic wire	25 (currency not confirmed)
Incoming wire	15 (currency not confirmed)
Outgoing instant transfer	Not confirmed
Incoming instant transfer	Not confirmed
Global remittance	Not confirmed · Online SendMoneyEZ rupee remittance has no bank transfer fee within limits. In-branch, exchange-rate and other fees may apply.
Allpoint ATM	Not confirmed
Other ATMs	Not confirmed
Cash deposit	Not confirmed