Golden Bank

Dec 2, 2022

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Twitter icon Twitter Copy Link Milan Markovic/Getty Images Insider's experts choose the best products and services to help make smart decisions with your money ( here’s how ). In some cases, we receive a commission from our our partners , however, our opinions are our own. Terms apply to offers listed on this page. Several financial institutions offer savings accounts with debit cards or ATM cards. You might like a bank account with card access if you use ATMs or want direct access to your money. If you'd like to have a card linked to your savings account, be mindful of how you use it. Get the latest tips you need to manage your money — delivered to you biweekly. Loading download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Usually, only checking accounts or money market accounts offer a debit card. However, if you'd like direct access to money in a savings account , you also have some options to choose from. Some financial institutions have savings accounts with debit cards so that you can access your money for purchases or ATM withdrawals. Several others also offer savings accounts with ATM cards linked to an account, strictly for ATM usage. Here's a list of banks that have a savings account with a linked debit card or ATM card, and what to consider when selecting an account. 28 savings accounts with a debit card or ATM card 3.75/5 Annual Percentage Yield (APY) 3.75/5 Annual Percentage Yield (APY) Pros & Cons Pros No monthly maintenance fees ATM card available A check mark. It indicates a confirmation of your intended interaction. Amalgamated Bank will donate the equivalent of half the interest you earn to the charity of your choice Check mark icon Earn a higher interest rate than the average traditional savings account at brick-and-mortar banks Cons $100 minimum opening deposit Other online banks may offer a higher interest rate Highlights More Information Branches in San Francisco, New York City, and Washington, DC; You can also open an online-only account Access to over 40,000 free ATMs through the Allpoint network Amalgamated Bank will match the equivalent of half the interest you've earned on your account and donate it to a participating non-profit organization of your choice Interest compounded daily and deposited monthly FDIC insured What to know about Amalgamated Bank: Amalgamated Bank is an eco-friendly bank with open branches in Washington, DC, and the New York City area. It also offers online-only checking and savings accounts if you don't live in these places. The Amalgamated Bank Give-Back Savings Account is an online-only savings account that comes with an ATM card. Annual Percentage Yield (APY) Alliant High-Rate Savings Account Annual Percentage Yield (APY) Alliant High-Rate Savings Account Details Editor's Rating Pros & Cons Pros Competitive APY Alliant covers your $5 minimum opening deposit Check mark icon No monthly service fee if you opt for eStatements instead of paper statements Cons Interest compounded monthly, not daily Dash icon Minimum $100 balance to earn interest Highlights More Information Several ways to become a member; the easiest is to join Foster Care for Success (Alliant will cover your $5 membership fee) Must maintain $100 balance to earn interest Interest compounded monthly Additional Reading What to know about Alliant Credit Union: Alliant Credit Union is an online institution. You can open accounts from anywhere in the US as long as you become a member. The easiest way to become part of Alliant Credit Union is by joining Foster Care to Success (Alliant will cover your $5 joining fee). The Alliant High-Rate Savings Account offers an ATM card if you don't have Alliant checking account debit card. 4.5/5 Annual Percentage Yield (APY) Bank of South Texas Savings Account 4.5/5 Annual Percentage Yield (APY) Bank of South Texas Savings Account Details Pros & Cons Pros No minimum opening deposit Easy to waive $5 monthly service fee Check mark icon Free ATM card Competitive interest rate $5 monthly service fee Limited to 9 free withdrawals/transfers per quarter, then $5 per transaction Highlights More Information 55,000 free ATMs in the Allpoint network Waive $5 monthly service fee by maintaining a $50 daily balance No interest earned for the month if daily balance falls under $50; 0.15% APY if your daily balance is $50 to $1,500; 0.25% if your daily balance is $1,500 or higher Interest compounded daily, paid quarterly Member FDIC What to know about Bank of South Texas: Bank of South Texas is a Hispanic American-owned bank with branches in the following cities in Texas: Pharr, McAllen, Kingsville, Hebbronville, and Mission. 3.5/5 Annual Percentage Yield (APY) Minimum Deposit Amount Beneficial State Bank Savings Account 3.5/5 Annual Percentage Yield (APY) Minimum Deposit Amount Beneficial State Bank Savings Account Details Minimum Deposit Amount Pros & Cons Pros Possible to waive the monthly service fee Check mark icon ATM card included Low interest rate $50 minimum opening deposit $3 or $5 monthly service fee Highlights More Information Access to over 70,000 surcharge-free ATMs through the MoneyPass ATM network Earn 0.15% APY on account balances under $1 million Earn 0.20% APY on account balances over $1 million $5 monthly service fee if you receive paper bank statements $3 monthly service fee if you receive online statements Waive the monthly service fee if meet one of the following requirements: keep a monthly average balance of $200 or more; are a service member or student; are over the age of 55 Interest compounded daily and deposited monthly Member FDIC What to know about Beneficial State Bank: Beneficial State Bank is a socially responsible bank with seven branches in California, Oregon, and Washington. 4.25/5 Annual Percentage Yield (APY) Bethpage Federal Credit Union Savings Account 4.25/5 Annual Percentage Yield (APY) Bethpage Federal Credit Union Savings Account Details Pros & Cons Pros $5 minimum opening deposit ATM card included No monthly service fees Low interest rate More Information 33 branches in New York State 33,000+ free ATMs, 5,000+ shared branches Interest compounded daily Additional Reading What to know about Bethpage Credit Union: Bethpage Federal Credit Union has 33 branches around New York State. You may also open an account online if you don't live near a branch. To join Bethpage FCU, you just need to open a Bethpage Federal Credit Union Savings Account account with $5. This savings account also comes with an ATM card. 4/5 Annual Percentage Yield (APY) Minimum Deposit Amount Caribe Credit Union Regular Share Account 4/5 Annual Percentage Yield (APY) Minimum Deposit Amount Caribe Credit Union Regular Share Account Details Minimum Deposit Amount Pros & Cons Pros Competitive APY $10 minimum opening deposit No monthly service fee ATM card included Includes up to $5,000 in free life insurance Cons Interest compounded quarterly, not daily Dash icon $3.50 out-of-network ATM fee A dash. It often indicates an interaction to shrink a section. Up to 10 free ATM withdrawals per month, $1.00 charge once you exceed the free transaction limit Highlights More Information 3 branches in Puerto Rico (San Juan, Guaynabo, Ponce) Over 200 ATMs from the COOP24 Network, and over 80 ATMs through the ShareNet Network To become a member, you will need to open a savings account with at least $5 Tiered interest rate: Earn 0.40% APY on balances between $5 and $2,999; Earn 0.45% APY on balances between $3,000 and $9,999; Earn 0.50% APY on balances between $10,000 and $49,999; Earn 0.55% APY on balances over $50,000 Interest compounded and deposited quarterly Federally insured by the NCUA What to know about Caribe Credit Union: Caribe is a Hispanic American-led credit union with branches in the following cities in Puerto Rico: San Juan, Guaynabo, and Ponce. The credit union's savings account also has a debit card included. 4.25/5 Annual Percentage Yield (APY) Schwab Bank High Yield Investor Savings® Account 4.25/5 Annual Percentage Yield (APY) Schwab Bank High Yield Investor Savings® Account Details Pros & Cons Pros No opening deposit No minimum account balance No monthly service fee Comes with a debit card Check mark icon Unlimited out-of-network ATM fee reimbursements Check mark icon No foreign transaction fees 24/7 online chat Low APY Limited customer service hours by phone Highlights More Information 24/7 online chat No opening deposit, minimum account balance, or monthly fee What to know about Charles Schwab: Charles Schwab is primarily known for its investment services, but it also offers banking products. You access money from the Schwab Bank High Yield Investor Savings® Account with a Schwab Bank Visa Platinum Debit Card. 3/5 Annual Percentage Yield (APY) Citizens State Bank Personal Savings Account 3/5 Annual Percentage Yield (APY) Citizens State Bank Personal Savings Account Details Pros & Cons Pros Possible to waive $20 quarterly fee Check mark icon Request an ATM card $100 minimum opening deposit Low interest rate $20 quarterly fee $2 monthly fee per ATM card on the account Dash icon Limited to 3 free transfers/withdrawals per quarter, then $4 fee per transaction Highlights More Information Waive $20 quarterly fee by maintaining a minimum $300 daily balance Interest compounded daily, paid quarterly Member FDIC What to know about Citizens State Bank: Citizens State Bank is a local Hispanic American-owned bank with a branch in Roma and Rio Grande City, Texas. You can request an ATM card with the Citizens State Bank Personal Savings Account . Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros Possible to waive the monthly service fee Check mark icon ATM card included Low APY $5 monthly service fee $50 minimum opening deposit More Information Over 600 free ATMs To waive the $5 monthly service fee you meet one of the following requirements: own a checking account; maintain at least $500 in your account daily; be under the age of 18; or be 62 years or older and have a direct deposit of Social Security, pension, or other federal recurring payment Interest compounded and deposited monthly Member FDIC What to know about Comerica: Comerica has more than 400 banking centers and 600 ATMs in Arizona, California, Florida, Michigan, and Texas. The Comerica Statement Savings Account includes an ATM card. 3.25/5 Annual Percentage Yield (APY) Community 1st Bank Las Vegas Savings Account 3.25/5 Annual Percentage Yield (APY) Community 1st Bank Las Vegas Savings Account Details Pros & Cons Pros Possible to waive quarterly service charge Check mark icon Debit card offering Low APY $100 minimum opening deposit $1.00 quarterly service charge $1.00 charge on each debit transaction that exceeds the 4 quarterly limit Dash icon Must keep more than $100 in your account daily to earn APY Highlights More Information 4 free ATM locations in Texas (Las Vegas, Mora) To avoid the quarterly service charge, keep more than $100 in your account daily To earn APY, keep more than $100 in your account daily Interest compounded daily, deposited Member FDIC What to know about Community 1st Bank Las Vegas: Community 1st Bank Las Vegas is a Hispanic American-owned bank with three branches in Mora and Las Vegas, New Mexico. You can request an ATM card for the Community 1st Bank Las Vegas Savings Account . 4.5/5 Annual Percentage Yield (APY) Connexus Credit Union Members Savings Account 4.5/5 Annual Percentage Yield (APY) Connexus Credit Union Members Savings Account Details Pros & Cons Pros $5 minimum opening deposit Good interest rate No monthly service fees Debit card included Must keep at least $100 in account to earn interest Dash icon Interest compounds monthly, not daily Highlights More Information 54,000+ free ATMs Additional Reading What to know about Connexus Credit Union: Connexus Credit Union is an online financial institution with branches in Wisconsin, Minnesota, Ohio, and New Hampshire. The easiest way to become a member of Connexus is to join the Connexus Association by making an initial $5 donation. 3.5/5 Annual Percentage Yield (APY) First Independence Bank Personal Savings Account 3.5/5 Annual Percentage Yield (APY) First Independence Bank Personal Savings Account Details Pros & Cons Pros $25 minimum opening deposit Includes an ATM card Easy to waive $5 monthly service fee Check mark icon Low APY; no interest earned on balances under $200 Cons $5 monthly service fee $2 out-of-network ATM fee Interest only compounded quarterly More Information Black-owned bank in Michigan (Detroit, Clinton Township) 147 free ATMs in the Metro Detroit area (First Independence Bank, Fifth Third, and TCF networks) Waive $5 monthly service fee by maintaining a minimum $200 daily balance Interest compounded and paid quarterly FDIC insured What to know about First Independence Bank: First Independence Bank is a Black-owned bank with two branches in Michigan. The First Independence Bank Personal Savings Account comes with an ATM card. 3.5/5 Annual Percentage Yield (APY) First National Bank FirstRate Savings Account 3.5/5 Annual Percentage Yield (APY) First National Bank FirstRate Savings Account Details Pros & Cons Pros Low minimum opening deposit Possible to waive the monthly service fee Check mark icon Debit card option Low interest rate $5 monthly service fee Interest compounds quarterly, not daily Highlights More Information To waive the $5 monthly service fee, maintain at least $500 in your account daily Interest compounded and deposited quarterly Member FDIC What to know about First National Bank: First National Bank is a brick-and-mortar financial institution with branches in Maryland, North Carolina, Ohio, Pennsylvania, South Carolina, Virginia, West Virginia, and Washington, DC. 3.25/5 Annual Percentage Yield (APY) 3.25/5 Annual Percentage Yield (APY) Pros & Cons Pros Possible to waive monthly service fee Check mark icon Free ATM card Low interest rate $100 minimum opening deposit $5 monthly service fee Limit of 6 free withdrawals per quarter Dash icon $1 excess withdrawal fee More Information Fee-free withdrawals at Cirrus or Pulse ATMs To waive monthly service fee, keep at least $100 in your account daily Limit of 6 free withdrawals per quarter $1 excess withdrawal free for each withdrawal that exceeds the quarterly limit May receive up to $25 per month in ATM refunds Interest compounded daily, deposited monthly Member FDIC What to know about Golden Bank: Golden Bank is an Asian American-led bank with nine branches in California and Texas. You may get an ATM card with the Golden Bank Regular Savings Account . 4.25/5 Annual Percentage Yield (APY) Hope Credit Union Savings Account 4.25/5 Annual Percentage Yield (APY) Hope Credit Union Savings Account Details Pros & Cons Pros $15 minimum opening deposit No monthly service fees Includes a free ATM card Check mark icon Higher APY than many brick-and-mortar banks Cons Only 3 withdrawals with a teller and 3 withdrawals at an ATM each month Dash icon No interest earned if your balance is under $100 Dash icon Dividends only compound quarterly $15 minimum balance, otherwise your account goes into overdraft Highlights More Information 28 branches and ATMs in AL, AR, LA, MS, and TN Use over 5,000 branches and 30,000 ATMs in the CO-OP Shared Branching Network Must maintain $100 balance to earn interest; 0.25% APY on balances up to $100k, 0.10% APY on balances over $100k Interest compounded quarterly Federally insured by the NCUA What to know about Hope Credit Union: Hope Credit Union is a Black-owned credit union with branches in Alabama, Arkansas, Louisiana, Mississippi, and Tennessee. You can get an ATM card with the Hope Credit Union Savings Account . Anyone can become a member of Hope Credit Union. You just have to pay the one-time $10 membership fee. 4/5 Annual Percentage Yield (APY) 4/5 Annual Percentage Yield (APY) Pros & Cons Pros No monthly service fees Low minimum opening deposit Competitive APY, especially if you can reach the highest tier Check mark icon ATM card offering Interest compounded monthly, not daily Dash icon Lower interest rates on lower balances Highlights More Information Free ATMs are available at branches, plus any PUBLIX ATMs No monthly service fees Tiered rate: earn 0.10% APY if you maintain up to $99,999 in your account; earn 0.20% APY if you maintain $100,000 to $799,999 in your account; earn up to 0.40% APY if you maintain $800,000 or more in your account Interest compounded and deposited monthly Member FDIC What to know about Interamerican Bank: Interamerican Bank is a Hispanic American-owned bank with branches in Miami, Florida, and West Palm Beach, Florida. An ATM card is available with the Interamerican Bank Regular Savings Account . Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros No monthly service fees Free ATM card included $100 minimum opening deposit Interest compounds monthly More Information Earn 3.25% APY regardless of your account balance Interest compounded monthly, deposited monthly Member FDIC Annual Percentage Yield (APY) ONB Basic Savings Account Annual Percentage Yield (APY) ONB Basic Savings Account Details Pros & Cons Pros Possible to waive the monthly service fee Check mark icon ATM card included Low interest rate $4 monthly service fee Limit of 3 withdrawals per month Dash icon $2 charge if you exceed the monthly withdrawal limit Highlights More Information Nearly 200 branches in IL, IN, KY, MI, MN, and WI To waive the $4 monthly service fee, you must keep at least $300 in your account daily Earn 0.01% APY if you have an account balance under $10,000 Earn 0.03% APY if you have an account balance over $10,000 Interest compounded and deposited quarterly Member FDIC What to know about Old National Bank: Old National Bank has nearly 200 branches in Illinois, Indiana, Kentucky, Michigan, Minnesota, and Wisconsin. The ONB Basic Savings Account offers an ATM card. 3.25/5 Annual Percentage Yield (APY) Puerto Rico Federal Credit Union Regular Actions Account 3.25/5 Annual Percentage Yield (APY) Puerto Rico Federal Credit Union Regular Actions Account Details Pros & Cons Pros Good interest rate, compared to brick-and-mortar financial institutions Check mark icon $5 minimum opening deposit ATM card included A dash. It often indicates an interaction to shrink a section. Must deposit $5 in account every other week or during each pay period to maintain membership Dash icon Online banks offer higher interest rates Dash icon Interest compounded monthly, not daily Highlights More Information 2 branches in Puerto Rico (Caparra, Quebradillas) Free ATMS through ATH, NYCE, CIRRUS, and COOP24 networks To become a member, you must meet one of the following qualifications: Work at one of 15 affiliated companies; live, work, or go to school in San Juan, Puerto Rico; be a member or employee of the Museo de Arte de Ponce de Puerto Rico or make a donation to the museum; be the spouse of a member that passed away while he or she had an active savings account or loan; be an immediate family member of a current member Tiered interest rate: Earn 0.20% APY if you have an account balance between $5 and $2,999; Earn 0.25% APY if you have an account balance between $3,000 and $9,999; Earn 0.30% APY if you have an account balance between $10,000 and $49,999; Earn 0.35% APY if you have an account balance over $50,000 To maintain an active membership, you must deposit $5 every other week or during each payment period Interest compounded and deposited monthly Federally insured by the NCUA What to know about Puerto Rico Federal Credit Union: Puerto Rico Federal Credit Union is a Hispanic-American-led financial institution with one branch in Caparra and a second in Quebradillas. You can request an ATM card with the Puerto Rico Federal Credit Union Regular Actions Account . To become a member, you'll need to open a regular shares account and meet certain membership requirements . Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros High interest rate Earn a higher interest rate if you set up direct deposit Check mark icon No minimum opening deposit No monthly service fees No overdraft fees Up to $300 bonus A check mark. It indicates a confirmation of your intended interaction. Earn up to 15% cash back at local retailers if you use a SoFi debit card Check mark icon No-fee overdraft coverage if you overdraw up to $50 Check mark icon Savings tools Early direct deposit Joint account available Declined purchase if you overdraw by more than $50 Dash icon Doesn't reimburse out-of-network ATM providers' fees Dash icon May deposit cash at Green Dot locations but there's a $4.95 fee Highlights More Information Hybrid checking/savings account Earn up to 15% cash back on local retailers when you use a SoFi debit card; Retailer information is available through online banking Earn 3.25% APY on savings balances (Vaults included) and 2.50% APY on checking balances if you set up direct deposit Earn 1.20% APY on SoFi Checking and Savings if you don't set up direct deposit Earn up to $250 cash bonus available through January 31, 2023; receive a $50 bonus if you make a direct deposit between $1,000 and $4,999 in the first 30 days of opening an account; receive a $250 bonus if you make a direct deposit of $5,000 or more in the first 30 days of opening an account Create up to 20 Money Vaults to save for individual savings goals like an emergency fund or vacation $4.95 fee each time you deposit cash at a Green Dot location To get no-fee overdraft coverage you must have at least $1,000 in direct deposits FDIC insured Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros Competitive APY Comes with an ATM card Check mark icon No required opening deposit or minimum account balance Check mark icon No monthly service fee No physical branch locations Only reimburses up to $5 of out-of-network ATM fees per month Highlights More Information Manage your accounts from virtually anywhere in the Synchrony app No minimum balance FDIC insured 3.25/5 Annual Percentage Yield (APY) The Harbor Bank of Maryland Statement Savings Account 3.25/5 Annual Percentage Yield (APY) The Harbor Bank of Maryland Statement Savings Account Details Pros & Cons Pros Includes an ATM card Easy to waive $3 monthly service fee Cons $100 minimum opening deposit $3 monthly service fee Low APY No interest earned on balances under $100 Dash icon Interest does not compound More Information 55,000 free ATMs in the Allpoint network Waive $3 monthly fee by maintaining a $100 balance Interest does not compound Member FDIC What to know about The Harbor Bank of Maryland: The Harbor Bank of Maryland is a local Black-owned bank. It has a few locations in Baltimore, Randallstown, and Silver Spring. The Harbor Bank of Maryland Statement Savings Account comes with an ATM card. 23. Transit Employees Federal Credit Union Transit Employees Federal Credit Union Share Savings Account 4.5/5 Annual Percentage Yield (APY) Transit Employees Federal Credit Union Share Savings Account 4.5/5 Annual Percentage Yield (APY) Transit Employees Federal Credit Union Share Savings Account Details Pros & Cons Pros High APY $25 minimum opening deposit No monthly service fees Includes an ATM card Compounds dividends monthly, not daily Highlights More Information 5,000 shared branches in the CO-OP Shared Branch Network 30,000 free shared ATMs nationwide Join TEFCU by working for a Select Employee Group, or by being a direct family or household member of someone who works for a Select Employee Group Dividends compounded monthly, paid monthly Federally insured by the NCUA What to know about Transit Employees Federal Credit Union: Transit Employees Federal Credit Union is a minority-led credit union. It has one branch in Alexandria, Virginia, and one in Washington, DC. To become a member, you'll need to meet certain membership requirements . Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros High interest rate No monthly service fee No minimum opening deposit ATM card included May not be easy to deposit cash (Only cash accepting ATMs) Highlights More Information No monthly maintenance fees. Access your funds 24/7 with easy-to-use digital banking tools. FDIC insured through Axos Bank * The Annual Percentage Yield (APY) is accurate as of 12/01/2022. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings. Additional Reading 3.5/5 Annual Percentage Yield (APY) 3.5/5 Annual Percentage Yield (APY) Pros & Cons Pros Low minimum opening deposit Umpqua ATM card Possible to waive the monthly service fee Cons Low interest rate $3 monthly service fee More Information 262 free ATMs To waive the $3 monthly service fee, you must meet one of the following requirements: keep at least $200 in your account daily, make at least one monthly transfer from another Umpqua personal account; be under the age of 18 or over the age of 55 No monthly service fees on up to three Grows Savings or Thrive Money Market accounts if you own an Access Checking Account No monthly service fees on up to five Grows Savings or Thrive Money Market accounts if you own an Attain Checking Account Interest compounded and deposited monthly Member FDIC What to know about Umpqua Bank: Umpqua Bank has over 200 locations in California, Idaho, Nevada, Oregon, and Washington. Its Umpqua Bank Grow Savings Account comes with an ATM card. Annual Percentage Yield (APY) Annual Percentage Yield (APY) Pros & Cons Pros $25 minimum opening deposit No monthly service fees Free debit card Low interest rate More Information Available to active military, veterans, and military families Physical offices in US (AZ, CO, FL, MD, NY, TX, VA); England (London); Germany (Frankfurt); Luxembourg (Luxembourg) 1,200 USAA ATMs; 60,000 USAA-preferred ATMs nationwide Interest compounded and deposited monthly FDIC insured 3.5/5 Annual Percentage Yield (APY) Valley All Access Savings Account 3.5/5 Annual Percentage Yield (APY) Valley All Access Savings Account Details Pros & Cons Pros ATM card included Possible to waive monthly service fee Cons Low interest rate $5 monthly service fee Must keep at least $100 in account to earn interest Highlights More Information Earn 0.02% APY if you maintain at least $100 in your account To waive the monthly service fee, keep at least $300 in your account Interest compounded daily, deposited quarterly Member FDIC What to know about Valley National Bank: Valley National Bank is a regional financial institution. It has over 200 branches in New York, New Jersey, Florida, and Alabama. 2.75/5 Annual Percentage Yield (APY) Zapata National Bank Savings Personal Account 2.75/5 Annual Percentage Yield (APY) Zapata National Bank Savings Personal Account Details Pros & Cons Pros Includes ATM card Able to waive $5 monthly service fee Cons $300 minimum opening deposit Low interest rate $5 monthly service fee Only 1 free withdrawal per month, then $2 per withdrawal Highlights More Information 2 free ATMs No interest earned when daily balance falls under $300 Interest compounded daily, paid quarterly Member FDIC What to know about Zapata National Bank: Zapata National Bank is a Hispanic American-owned bank with one branch in Zapata, Texas. The Zapata National Bank Savings Personal Account includes an ATM card. Frequently asked questions Chevron icon It depends on how you plan to use your savings account and where you bank. For example, if you only have a savings account (and not a checking account) at an online-only bank, you won't be able to visit a branch to withdraw money. Instead, you'll usually have to transfer money to another bank account from a different financial institution, which can take a few days to process. With a debit card, though, you'll be able to withdraw money from nearby ATMs. Ultimately, you might find it worthwhile to get a savings account with a debit card or ATM card if you'd like easy access to your money. What's the difference between a debit card and an ATM card? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. A debit card usually allows you to make purchases online or at stores. You can also use a debit card at ATMs. ATM cards only allow you to make transactions at ATMs. What are the benefits of having a debit card? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The value of a debit card is that it's a convenient way to spend money. You can use it anywhere and keep track of your spending. "It's kind of like a cash equivalent," explains Anh Thu Tran, CFP professional and principal at Womens Wealth LLC . "It keeps people top of mind that one, they are spending real money, and two, they can see the impact on their account." That said, you don't want to make numerous transactions from a savings account. According to federal regulation , banks are permitted to enforce a maximum limit of six transactions per month. Some financial institutions could charge you a fee for additional withdrawals or transfers. Where would it be best to use a debit card? Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. You'll want to be mindful of where you use a debit card because it doesn't offer the same protections as a credit card . If you're a victim of debit card fraud, you may lose money if you don't report it quickly to a financial institution. John Breyault, National Consumer League vice president of public policy, telecommunications, and fraud, suggests avoiding using your debit card at gas stations, restaurants, or bars because these are common places for card skimming. "These are devices that they place over the card terminal to try and capture your card information that can be used later on to clone the card or make purchases online," explains Breyault. At these locations, you might prefer using a credit card since you'll benefit from zero liability protection . You can also use cash instead.