Comparing big-bank checking to a member-bundled bank? Here’s how RMO Bank’s MyEveryday Checking stacks up against Chase Total Checking on monthly fees, ATMs, overdrafts, and ecosystem.
The headline number for most checking shoppers.
Chase Total Checking fee referenced from Chase’s public consumer-checking disclosure as of 2026 and may change. Membership fees may apply on the RMO side; see membership.
RMO MyEveryday Checking vs. Chase Total Checking on fees, ATMs, overdrafts, and ecosystem.
| Feature | RMO MyEveryday | Chase® Total Checking |
|---|---|---|
| Monthly maintenance fee | $0 (no waiver requirements) | $12 (waivable) |
| Minimum opening deposit | No minimum | $0 |
| Minimum balance to avoid fee | N/A — no monthly fee | $1,500 daily / $5,000 combined |
| Direct deposit waiver threshold | N/A — no monthly fee | $500+ per statement period |
| In-network ATM fee | $0 in-network | $0 at Chase ATMs |
| Out-of-network ATM fee | Varies (some reimbursement on premium tiers) | $3 (US) / $5 (international) |
| Branch network | RMO retail centers (more limited) | ~4,700 Chase branches |
| ATM network | Nationwide network (in-network ATMs) | ~16,000 Chase ATMs |
| Overdraft fee | Member-friendly — varies by tier | $34 per item (with $50 cushion) |
| Online & mobile banking | MyRMO with bill pay, Zelle alt (RMOPay), check deposit | Chase Mobile, Bill Pay, Zelle |
| Member-to-member transfers | RMOPay built in — no separate signup | Zelle (free for personal P2P) |
| Bundled member benefits | Auto, property, electronics, roadside, payments under one membership | Chase rewards on linked credit card products |
| Sign-up bonus | None (member-pricing model) | Periodic $200–$300 cash bonuses for new accounts |
| FDIC insurance | Yes — up to $250K per depositor | Yes — up to $250K per depositor |
Comparison details summarized for context. See RMO Bank account agreements and Chase’s deposit account disclosures for complete fees, terms, and conditions.
Chase has scale; RMO has bundling and lower headline fees. Here’s how each tends to win.
Become an RMO member and open MyEveryday Checking online in minutes.
Update your employer’s direct deposit and any merchant auto-pays to point at the new RMO account.
Once a full pay cycle has cleared at RMO, close the Chase account to stop the monthly fee.
Chase Total Checking has a $12 monthly service fee, but the fee can be waived three ways: (1) electronic deposits totaling $500+ per statement period, (2) a $1,500+ minimum daily balance, or (3) a $5,000+ average beginning-day balance across qualifying Chase accounts. If you don’t meet any of these, you pay $144/year. RMO MyEveryday Checking has a $0 monthly fee with no waiver requirements.
Chase operates ~16,000 ATMs and ~4,700 branches nationwide. RMO uses a nationwide ATM network, including in-network ATMs that are fee-free for members. RMO retail centers are more limited geographically than Chase branches. If walk-in branch access in every major US city matters most, Chase has the larger physical footprint.
Chase charges $34 per overdraft item with limits and waivers (e.g., zero-fee if overdrawn by $50 or less). RMO Bank’s overdraft policy varies by checking tier — MyEveryday Checking aims for member-friendly handling that prioritizes communication over fees. Specific overdraft fees and policies are described in each account agreement; review them before choosing.
Yes. To switch from Chase to RMO, open the new RMO account first, then update your direct deposit (employer) and any auto-pay merchants to point at the new account. Most institutions complete the switch in 1–2 pay periods. Once direct deposits and auto-pays are flowing to RMO, close the Chase account to stop the monthly fee.
Yes. RMO Bank deposit accounts are FDIC-insured up to applicable limits ($250,000 per depositor, per insured bank, per ownership category) — the same FDIC coverage that protects Chase deposits.
Become an RMO member and open MyEveryday or one of the four checking tiers. FDIC-insured, $0 monthly fee on the entry tier, no waiver hoops.
