All Popular Direct deposit products are offered by, and will be opened through, Popular Bank. Popular Bank is a Member FDIC institution and a New York state chartered bank. Processing services for all Popular Direct deposit products are provided by Popular Bank. All deposits with Popular Bank (including deposits through Popular Direct deposit products) are insured by the FDIC up to the applicable maximum amount allowed by law for each deposit ownership category. For more information about FDIC insurance coverage of deposits accounts, visit https://www.fdic.gov/deposit/deposits
Mobile Deposit is subject to eligibility requirements. Deposits are subject to verification and may not be available for immediate withdrawal. For more information, please refer to the Funds Availability Policy. Reference the Funds Availability Policy for more information.
The Annual Percentage Yield (APY) is effective as of 07/23/2018 and may be cancelled or withdrawn at any time and is subject to change without notice. Popular Bank, in its sole discretion, reserves the right to change or terminate this offer at any time. There is a $5,000 minimum opening account deposit. A $4.00 monthly fee will be charged to the account if the balance on any day of the statement period is less than $500.00. Fees could reduce earnings on the account.
Your security is important to us. That’s why, as of March 15, 2018, there will be a 60-day freeze on withdrawals for new accounts, starting with the date of account opening. Please note, your account will continue to earn interest during this time. Once the 60-day authorization period is complete, you may withdraw funds as needed.
If you need to make a withdrawal sooner, please call our Care Center at 1.800.274.5696.