Andrew Johnson Bank (AJB) offers accounts with lower than average minimum requirements. To find out if Andrew Johnson Bank is right for you, continue reading the review below.
With its headquarters in Greenville, Tennessee, AJB doesn’t have many branches, but it is convenient to bank online with them.
Even though Andrew Johnson Bank is small compared to most, it still manages to offer a full selection of account options.
Checking Account Options
Andrew Johnson Bank has a good selection of checking accounts with low minimum requirements and standard benefits.
With just a $100 minimum opening deposit, you can open this checking account.
There’s a small $5 monthly fee, but if you enroll in eStatements you can waive it easily.
Upon account opening, you will receive a Andrew Johnson Bank and gain access to all online, mobile and phone banking.
There are, however, no minimum balance requirements.
Open this account with $100 and you can start earning high interest rates.
There are several ways to earn interest. You can either:
- Receive eStatements
- Log onto Online Banking at least once during the statementn cycle
- Make 20 AJB Debit Card transactions
This account earns pretty high interest also.
This checking account is for those 55 and over.
There is unfortunately a monthly fee of $5, but you can waive it by keeping a daily balance of $100.
But, this account also does earn interest as long as you maintain a daily balance of $1,000.
This account comes with the same benefits as any senior citizen checking account.
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 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
Andrew Johnson Bank has a small variety of savings accounts that are pretty standard.
You will need $100 to open this account and you can earn competitive interest rates.
There is a very small monthly fee of $1 but you can waive it if you keep a daily balance of $100.
This is a savings account for those who are 17 and under except it only requires $5 as a minimum opening deposit, which is cheaper than most!
You will need a minimum balance of $5 to start earning interest though.
This is a premium savings account that will require $10,000 to open.
You can earn interest on all balances and they will be tiered.
You can also your fees waived for using 4 non AJB ATMs.
This account only requires $10 to open and it can bear interest as well.
There are no monthly fees nor minimum balance requirements.
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Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard.
Andrew Johnson Bank has a checking account that is practically a money market because it combines both checking and savings qualities.
Presidential Money Market:
- Open this account with $2,500
- Interest is credited monthly
- eStatements
- Up to 6 checks/debit items per month
- Online mobile and phone banking
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CD Account Options
Andrew Johnson Bank offers CDs with competitive rates. These CD terms range from 31 days to 5 years.
You can open each CD with $1,000.
To learn more about their CDs, click here.
The CDs will automatically renew upon maturity.
Compare CD Accounts
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Reasons to Bank with Andrew Johnson Bank
- They offer a good variety of checking accounts.
- Lower than average monthly fees.
- They provide a 24-hour telephone banking service line.
- Their student savings account is relatively easy to open.
- All their accounts may come with similar benefits, but they are still pretty decent.
- They have a senior citizen checking account.
- Good ratio of checking to savings accounts.
- Conduct all your banking online or through the Andrew Johnson Bank mobile app.
Reasons Not to Bank with Andrew Johnson Bank
- If you don’t live in Tennessee then this bank might be inconvenient.
- They don’t offer any relationship accounts.
- They could have higher interest rates on certain accounts.
Andrew Johnson Bank Routing Number
The routing number for Andrew Johnson Bank is 064202860.
Contact Customer Service
You can reach Andrew Johnson Bank at (423) 783-1000.
Their hours vary based on location and are more for when people want to visit a physical branch.
You can look at AJB’s website for more information.
How Andrew Johnson Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- deposits accounts, including accounts for teens and customers who need a second chance.
- First Tennessee Bank: First Tennessee Bank offers a wider selection of checking account options and honestly has more perks for being another bank situated in Tennessee.
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
- Discover Bank: Discover Bank is an online nationwide bank that offers bonuses for their checking and savings accounts! You can earn cash back rewards when you open a checking account and generous bonuses for opening a savings one.
- accounts.
Bottom Line
If you live in Tennessee and are looking for a simple bank, then consider Andrew Johnson Bank. Alternatively, AJB has a user-friendly mobile app if you prefer to do all your banking online.
With minimum opening deposits lower than most banks, AJB is a good choice if you are new to the banking world.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If you’re interested in banking with Andrew Johnson Bank, then apply today! For more options from a variety of banks, see our list of the best bank promotions!
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