Betterment Checking Review

Betterment Checking is offered by Betterment LLC, a financial services company founded in 2008 and based in New York, NY. It is made possible by a bank partnership with nbkc bank. Betterment Checking is available in 50 states (and Washington, DC).

Are checking accounts from Betterment LLC federally insured?

Yes, your Betterment LLC checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Betterment Checking offer?

Betterment Checking is not an interest-bearing account.

What are the account minimums for Betterment Checking?

Betterment Checking does not require a minimum initial deposit.

What fees does Betterment Checking charge?

The good news is that this account does not charge a monthly maintenance fee.

What features and perks does Betterment Checking offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
• Fraud monitoring - Betterment Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Mobile Banking Services - Betterment Checking allows you to manage your money online.