Most major US banks don’t bundle phone insurance with checking. RMO does it differently — one membership unlocks both an RMO Bank checking account and MyTech device protection, with $0 deductible on covered claims.
Search results promise “banks with phone insurance,” but here’s the reality — and what RMO actually offers.
What you usually find when you search this:
What RMO offers instead:
An RMO membership gives you access to both RMO Bank checking (a real, FDIC-insured deposit account) and RMO MyTech (a member-based device protection plan covering accidental damage, mechanical failure, and electrical failure with a $0 deductible). Combined, you get bank-grade money management plus phone, tablet, and laptop protection — under one membership and one bill.
It’s not a single product called “checking with phone insurance.” It’s two RMO products that work together because they’re both unlocked by your membership.
Mix and match. The combined monthly cost is whatever your two tiers add up to.
FDIC-insured deposit account. Pick the tier that matches your needs — some have no monthly fee, others bundle premium perks.
Member-based device protection. Covers accidental damage, mechanical failure, and electrical failure on phones, tablets, laptops. $0 deductible on covered claims.
All prices listed do not include the cost of RMO membership. MyTech does not currently cover theft or loss. Coverage details, exclusions, and waiting periods are described in the applicable plan documents.
Three real ways members combine RMO Bank and MyTech.
For someone with one phone who wants no-fee checking.
MyEveryday Checking ($0/mo) + MyTech I ($4/mo)
= $4/mo for both
For a household with multiple phones and laptops.
MyEveryday Checking ($0/mo) + MyTech II ($8/mo for multi-device)
= $8/mo for both
Premium checking plus priority household device coverage.
MyUltimate Checking ($25/mo) + MyTech III ($12/mo)
= $37/mo for both
Combined monthly cost shown for the two products only. Membership cost is separate. Both products are available exclusively to active RMO members.
The credit-card-with-phone-protection route works for some people. Here’s how the RMO bundle differs.
| Feature | RMO Bundle (Checking + MyTech) | Premium Card Phone Protection (e.g., Chase Sapphire) |
|---|---|---|
| How protection is unlocked | RMO membership + active MyTech plan | Pay your monthly phone bill with the card |
| Annual cost | $48–$216/yr depending on tiers | Card annual fees range $0–$695, plus you must use the card monthly |
| Deductible per claim | $0 on covered claims | Typically $50–$100 per claim |
| Claims per year | Per plan terms; tier-dependent | 2 per 12 months on most cards |
| Per-claim limit | Per plan terms | Typically $800–$1,000 |
| Devices covered | Phones, tablets, laptops, more | Phones only on most cards |
| Theft & Loss | Not currently included | Often included on premium cards |
| Includes a checking account | Yes — FDIC-insured RMO Bank checking | No |
| Member benefits beyond protection | Banking, insurance, roadside, more under one membership | Card-specific perks (travel, dining) |
Comparison details summarized for context. Specific credit-card phone-protection terms vary by issuer; check your card’s benefits guide. RMO MyTech terms are described in the plan documents.
Join RMO to unlock both RMO Bank checking and MyTech protection.
Pick a checking tier — MyEveryday is free, others bundle more features.
Pick a protection tier and register your devices. Coverage starts immediately.
Most major US banks do not include cell phone insurance with their checking accounts. Some premium credit cards (Chase Sapphire, American Express Platinum, Capital One Venture X) offer cell phone protection when you pay your phone bill with the card — but that’s a credit card benefit, not a bank account benefit. RMO takes a different approach: an RMO membership unlocks both an RMO Bank checking account and access to MyTech device protection, which can be purchased separately starting at $4/month.
No — to be accurate, RMO Bank checking and RMO MyTech protection are two separate products. Both are available to RMO members under one membership. There’s no other US bank that offers a single account where phone insurance is automatically bundled with checking; the closest available structure is RMO’s member model where you can have both under one membership and one bill.
MyTech covers accidental damage (drops, cracked screens, spills) and mechanical/electrical failure. Coverage applies to phones, tablets, laptops, and other eligible electronics. All MyTech tiers include a $0 deductible on covered claims. MyTech does not currently cover theft or loss.
It depends on the tiers you pick. MyEveryday Checking has $0 monthly maintenance. MyTech I (single device) is $4/month. So the combined cost can be as low as $4/month plus the cost of an RMO membership. Higher checking tiers (MyFirst at $5, MySecure at $15, MyUltimate at $25) and higher MyTech tiers (II at $8, III at $12, IV at $18) cost more but include more features.
RMO MyTech does not currently cover theft or loss. If theft/loss coverage is essential, options include: AppleCare+ with Theft & Loss for iPhone users, carrier-sold plans (Verizon Mobile Protect, AT&T Protect Advantage, T-Mobile Protection<360>) which include theft and loss, or a homeowners/renters policy with personal-property coverage.
RMO Bank checking products are FDIC-insured deposit accounts with online and mobile banking via MyRMO, debit card access, nationwide ATM availability, and bill pay tools. MyEveryday Checking has no monthly maintenance fee and is comparable to free-checking products at most major banks. The bundle advantage is that it pairs with MyTech (and the rest of the RMO ecosystem) under a single membership.
