Betterment Checking
in Checking Accounts from Betterment LLC · Member FDIC
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Would you recommend Betterment Checking to your friends?
| Community Rating | Strongly recommended |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | $0 |
| APY (Annual Percentage Yield) | 0% |
| Number of Reviews | 15 |
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).
Key Takeaways
- 0% APY. As with most checking accounts, Betterment Checking does not pay interest.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- No ATM fees. Betterment Checking does not charge fees on ATM transactions.
- ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Hard credit pull. Betterment LLC may require a hard pull on your credit report to open a checking account.
Betterment Checking Pros & Cons
| Pros | Cons |
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Betterment Checking FAQ
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.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $0 |
What fees does Betterment Checking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| Monthly Fee | $0 |
| Paper Statement Fee | $0 |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | $0 |
| NSF Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Overdraft Item Fee | $0 |
| Early Account Closure | $0 |
| Returned Deposit Fee (Domestic) | $0 |
| Debit Card Replacement Fee | $0 |
| Bank Teller Fee | $0 |
| Check Cashing Fee | $0 |
| Online Bill Pay Fee | $0 |
| Stop Payment Fee | $0 |
| Check Image Service | $0 |
| Check Copy | N/A |
| Foreign Transaction Fee (Debit Card) | 0% |
| Wire Transfer Fee - Domestic (Outgoing) | $0 |
| Wire Transfer Fee - International (Outgoing) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Returned Deposit Fee (International) | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| ATM Reimbursement Monthly Limit | N/A |
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.
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Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| ATM Fee: In-Network | $0 |
| Bank Teller Fee | $0 |
| Check Cashing Fee | $0 |
| Check Image Service | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 0% |
| Monthly Fee | $0 |
| NSF Fee | $0 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Paper Statement Fee | $0 |
| Returned Deposit Fee (Domestic) | $0 |
| Returned Deposit Fee (International) | $0 |
| Stop Payment Fee | $0 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $0 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $0 |
| ATM Fee: Out-of-Network | $0 |
Betterment Checking Community Reviews
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