Present is a fintech, with banking providers supplied by Selection Monetary Group, member FDIC. After the entire Synapse/Juno/Yotta fiasco, I now not recommending holding important balances in a fintech, even when the rate of interest may be very aggressive. The complete level of money is to be as near 100% secure and liquid as attainable.
I’m updating this evaluate of my Present account opened years in the past, as proper now they’re providing a boosted $150 referral bonus in the event you full an eligible Payroll Deposit of a minimum of $200 inside your first 45 days of opening an account. You should both apply immediately via the hyperlink above or enter promo code JONATHAP228 when signing up. Thanks in the event you use my hyperlink! That’s a reasonably large bonus with no minimal deposit requirement for people who have payroll web sites/apps the place you possibly can cut up and/or change your direct deposits simply.
Different options:
- No minimal stability. No minimal opening deposit.
- No credit score examine. No Chexsystems examine.
- No overdraft charges.
- Payment-free ATM withdrawals inside the 40,000+ Allpoint ATM community.
- Entry to paycheck as much as 2 days early.
- Fuel station authorization holds instantly launched.
- On prime of no overdraft charges, additionally rise up to $100 in fee-free overdraft protection.
Present does supply 4% APY on their “Financial savings Pods” in the event you preserve a $200+ direct deposit month-to-month. However despite the fact that the $150 new buyer bonus is good they usually have some considerate options just like the free overdraft protection, they’re nonetheless a fintech so I’m not holding cash there long-term.