Updated April 16, 2024

RBMAX Review

Read more about RBMAX
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RBMAX offers a high-yield savings account with a great APY and a simple checking account for easy access to your money. Read on to find out more.

5-point scale (the higher, the better)

Pros and Cons

  • High APY
  • No minimum balance
  • $0 monthly fees
  • FDIC-insured
  • No physical locations

Bottom Line

Online bank that offers a high-yield savings account and a simple checking account

If you're looking for a high-yield savings account or a no-frills checking account, RBMAX might just have what you need.

Their savings account offers a competitive APY while the checking account gives you access to a vast ATM network. Keep reading to know more about both accounts.

What is RBMAX?

RBMAX is the digital banking division of Republic Bank which is a well-established financial institution in the US. They currently have only two products in their catalog: a high-yield savings account and a simple checking account.

Pros and Cons


  • Competitive APY on savings
  • No monthly fees with e-statements (for savings)
  • No minimum balance (for savings and checking)
  • Free debit card (for checking)
  • Better APY on savings through Raisin
  • Top-rated mobile banking app
  • Protected by FDIC insurance


  • No physical locations
  • $4.95 monthly fee for checking (waivable)
  • Savings account has no debit/ATM card

What's the most important factor to you when opening a new bank account?

RBMAX Savings Account

RBMAX's Max Interest Savings Account offers a high APY with no minimum balance, $0 monthly fees with e-statements, and requires only $10 to open an account.

RBMAX also offers a High-Yield Savings Account via Raisin with a minimum opening deposit of only $1 and no monthly fees.

Raisin is an online platform that partners with different banks to provide savings products that feature good rates and low account minimums. This means you can open and handle multiple savings accounts, money market accounts, and CDs all in one place.

Why are you considering an RBMAX high-yield savings account?

RBMAX Simple Access Checking

RBMAX's Simple Access Checking is a hassle-free account that requires a $10 opening deposit. It has no minimum balance, no overdraft charges, and only a $4.95 monthly fee that you can waive (check the next section to find out how).

It even comes with a debit card, allowing fee-free transactions at 90,000+ Republic Bank/Presto/SUM/MoneyPass/Allpoint ATMs.

Plus, you can enjoy a user-friendly online and mobile banking platform where you can do the following:

  • Manage your account
  • Check your balance
  • Pay bills
  • Set up direct deposits
  • Make mobile deposits

Fees to Look Out For

The Max Interest Savings account boasts $0 monthly fees with electronic statements.

The Simple Access Checking account comes with a $4.95 monthly fee, but you can waive it by meeting any of the following conditions:

  • One direct deposit (ACH Credit such as payroll or other automatic transfer); or
  • One debit card point-of-sale (POS) transaction; or
  • One online bill pay transaction per statement cycle

It's also worth noting that you may be charged for additional services: [1] [2]

ServiceMax Interest SavingsSimple Access Checking
Cashier's Check$10$10
Return Deposit Fee$12$12
Non-Republic ATM Fee$3.50$3
Monthly Paper Statement Fee$4$2
Stop Payment RequestN/A$36

How Does RMBAX Compare

Is RBMAX Safe?

Yes, it is. RBMAX serves as a digital banking division under Republic Bank, an FDIC member institution. This means deposits at RBMAX are insured up to $250,000 per depositor, per ownership category.

So, should RBMAX or Republic Bank ever go down, you are guaranteed to get your money back.

Who is RBMAX Best For?

RBMAX is ideal for those seeking online banking services from a well-established bank. You can enjoy the ease of digital transactions and the reassurance of banking with a trusted institution.

It's also great for those wanting a high-yield savings account with a competitive APY. Plus, there are no fees, no minimum balance, and you only need $10 to open an account.

How crucial are digital banking features for you when picking a new account?

How to Open an RBMAX Account

You can easily open an RBMAX account with just a few clicks. Go to their official website and follow these steps:

  1. Go to the page of your chosen product and click Apply Now.
  2. Answer the application form and provide your personal information (like your name, address, SSN, email, valid government ID, etc).
  3. Submit the application and fund your account with at least $10.

You can use either a debit or credit card to fund your new account.

Note that if you don't use your RBMAX account for 18 months, it may be marked as dormant.

How to Open an RBMAX Savings Account via Raisin

You can also open an RBMAX high-yield savings account through Raisin. Simply do the following:

  1. Go to the Raisin website and select RBMAX from their high-yield savings offers.
  2. Open an account with your name, SSN, date of birth, and address.
  3. Link a bank account so you can fund your savings product.

Just remember, you need at least $1 to open this account via Raisin.

Bottom Line

RBMAX is perfect for those looking for online savings or checking. If you like digital banking and want a savings account with a competitive APY, go for the Max Interest Savings.

Meanwhile, if you're on the hunt for an easy checking account with access to thousands of ATMs, consider Simple Access Checking.

Even though RBMAX has only two products, both accounts come with appealing features that are worth exploring!


  1. ^ RBMAX. Max Interest Savings Disclosure, Retrieved 02/22/2024
  2. ^ RBMAX. Simple Access Checking Disclosure, Retrieved 02/22/2024

High-Yield Savings Account - 5.15% APY

  • $1 minimum deposit
  • No fees
  • 24/7 online access to funds
  • FDIC insured
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 7/24/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 9/30/2024
  • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 9/30/2024.
  • To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer.
  • Once all requirements are met, Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
Discover Bank
Member FDIC

Online Savings Account - Earn 4.25% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required
CIT Bank
Member FDIC

CIT Bank Platinum Savings - 5.00% APY

  • 5.00% APY with a balance of $5,000 or more
  • 0.25% APY with a balance of less than $5,000
  • $100 minimum opening deposit
  • No monthly maintenance fee
  • Member FDIC

Darlene Santos is a research analyst at CreditDonkey, a bank comparison and reviews website. Write to Darlene Santos at darlene.santos@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

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