Onyx Private offers a modern and accessible private banking membership tailored to the needs of the new generation of young professionals, investors, and entrepreneurs. Providing a digital premium banking and wealth management experience, Onyx also includes a personalized white-glove 24/7 lifestyle concierge service.
As an Onyx member, you gain access to a range of benefits:
- A high-yield FDIC-insured checking account with an impressive 1.62% Annual Percentage Yield (APY)*
- Free, high-limit money movement options, including wires, ACH transfers, ATMs, and international transactions, with no additional fees
- Free Joint Accounts that you can share with up to four members
- A sleek 17g Metal Debit Card and the option for multiple virtual cards, each with high transaction spend limits of $20k per transaction
- Earn cash-back rewards ranging from 1% to 10% on card spending and an additional 1% on credit card bill payments
- Personalized Robo-advisory services with features such as direct indexing and tax-loss harvesting
- A dedicated 24/7 white-glove concierge service that caters to your payment needs, lifestyle preferences, and wealth management
- Exclusive member benefits including Lounge Access, Estate Planning assistance, Mortgage Loans, Fitness discounts, and more
Please note that Onyx is a financial technology company rather than a bank. However, it partners with Piermont Bank to provide banking services to its members. Piermont Bank is a member of the FDIC, ensuring the safety of your funds. The Onyx Visa Debit Card, issued by Piermont Bank under a license from Visa U.S.A. Inc., can be used anywhere Visa debit cards are accepted.
* The funds in your account are FDIC insured up to $250,000. These deposits are held at Piermont Bank, a member of the FDIC.
** The Annual Percentage Yield (APY) of 1.62% is effective as of 08/01/2023. Please note that this rate may vary after you open your account, and any applicable fees may affect your earnings.
For more specific details on the terms of service and other legal documents, please refer to the appropriate sources.
Overview
Onyx Private: Bank & Invest is a Freeware software in the category Business developed by Onyx Card.
The latest version of Onyx Private: Bank & Invest is 5.11.0, released on 03/03/2024. It was initially added to our database on 01/31/2024.
Onyx Private: Bank & Invest runs on the following operating systems: iOS.
Users of Onyx Private: Bank & Invest gave it a rating of 4 out of 5 stars.
Pros
- User-friendly interface for banking and investment
- Integration of banking and investment services in one app
- Real-time tracking of expenses and investments
- Customizable budgeting tools to help users manage finances
- Access to financial education resources and articles
- No hidden fees with transparent pricing
- Customer support available for assistance
Cons
- Limited availability in some countries or regions
- Might lack certain advanced investment features found in dedicated apps
- Potential security concerns with financial apps in general
- Some users may find fees for premium features
- Dependent on internet access for full functionality
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