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BrioDirect has online-only checking, savings, money market accounts, and CDs.
Brio Direct; Savanna Durr/Insider
The bottom line: BrioDirect is a solid choice if you’d like to open a BrioDirect High-Yield Savings Account with zero monthly service fees and a competitive interest rate. However, its checking account might not be the best choice if you frequently overdraw from your account.
Overall bank rating
FeatureInsider rating (out of 5)Savings4Checking3.75CD3.75Money market account3.75Trustworthiness4Total4
Pros and cons
ProsCons
No monthly services fees on any accounts
Pays competitive interest rates
Low minimum opening deposits on accounts
No overdraft protectionLimited mobile app ratingsNo checks included with the checking accountNo checks or debit cards included with the money market account
BrioDirect High-Yield Savings Account review
The BrioDirect High-Yield Savings Account is a great if you have at least $500 to open an account. It also has zero monthly service fees.
BrioDirect Checking Account review
The BrioDirect Checking Account might be worth considering if you don’t want to deal with monthly service fees or ATM fees. BrioDirect has a decent-sized ATM network, and you get up to $20 in out-of-network ATM fee reimbursements each month.
The BrioDirect Checking Account isn’t the best option if you overdraw from your account, though. BrioDirect charges a $35 overdraft fee if you have a negative balance that exceeds $5, and it doesn’t have any overdraft protection.
BrioDirect High-Yield Certificate of Deposit review
BrioDirect CDs only require a BrioDirect High-Yield Certificate of Deposit opening deposit and are an especially great option to explore if you’d like to open a 12-month, 18-month, or 2-year CD.
Bear in mind that there are early withdrawal penalties, which may be significant depending on which term you choose.
BrioDirect High-Yield Money Market Account review
You’ll need a minimum of $100 to open the BrioDirect High-Yield Money Market Account. If you’re strictly searching for a competitive interest rate, the BrioDirect High-Yield Savings Account will likely be more appealing.
How BrioDirect works
BrioDirect is an online-only division of Webster Bank. You may open a BrioDirect checking account, high-yield savings account, high-yield money market account, or high-yield CD from anywhere in the US.
Customers have access to over 32,000 free ATMs through the MoneyPass ATM network.
Customer service is available by phone from 8 a.m. to 8 p.m. ET on weekdays or 8:30 a.m. to 3 p.m. ET on Saturdays.
BrioDirect has 4.8 out of 5 stars in the Apple store — it’s only received 12 reviews so far, though. The institution’s mobile app doesn’t have a rating on the Google Play store, because it hasn’t been reviewed by enough customers yet.
BrioDirect accounts are FDIC insured through Webster Bank. You may safely keep up to $250,000 in an individual bank account.
BrioDirect trustworthiness and BBB score
We use ratings from the Better Business Bureau so you can see how a bank addresses customer issues.
The BBB gave BrioDirect’s parent company Webster Bank a B- rating because it received numerous customer complaints filed against the bank and hasn’t resolved a complaint.
BBB ratings aren’t the be-all and end-all, though. To see if BrioDirect is a solid choice for you, talk to current customers or read online customer reviews.
The bank hasn’t been involved in any recent public controversies.
BrioDirect vs. FNBO Direct
FNBO Direct is an online division of First National Bank of Omaha. You can open an online bank account from anywhere in the US.
Your decision between these two institutions may depend on the accounts you’d like to open.
You’ll earn a higher interest rate on the BrioDirect savings account than with the FNBO Direct Online Savings Account. BrioDirect will also be a better option if you would prefer to explore different types of savings accounts since FNBO Direct doesn’t offer money market accounts or CDs.
FNBO Direct might be a more appealing choice for opening a checking account. The FNBO Direct Online Checking Account offers one automatic overdraft refund every 12 months. You can also link your savings account to your checking account to avoid overdraft fees.
BrioDirect vs. Ally
BrioDirect and Ally Bank both have a variety of online bank accounts with zero monthly service fees.
Ally pays a slightly higher interest rate on its money market account, while BrioDirect offers a slightly higher interest rate on its savings account. If you want to open a CD, it’ll be a toss-up based on which term length you want.
When it comes to a high-yield savings account features, Ally stands out because of its unique perks. The Ally High Yield Savings Account has budgeting tools that separate your money into individual goals. If you have the Ally Interest Checking Account, you’ll also be able to initiate surprise savings transfers to add money to your goals.
You’ll probably prefer Ally to BrioDirect if traditional banking hours don’t work for you. Ally offers 24/7 customer support by phone and online chat.
Frequently asked questions
How do you open a BrioDirect account?
BrioDirect accounts may be opened online from anywhere in the US. You’ll need a US ID and a social security number to fill out the online application. The minimum opening deposit for a savings account or a checking account is $25.
How do you transfer money to a BrioDirect savings account?
To deposit money to your savings account, you’ll need to initiate a transfer from an external bank account. If you open a BrioDirect checking account, you may link your debit card to your savings account and deposit money at ATMs.