Betterment Everyday Checking Review

Betterment Everyday Checking is offered by Betterment, 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 Everyday Checking is available in 50 states (and Washington, DC).

Are checking accounts from Betterment federally insured?

Yes, your Betterment 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 offer?

Betterment Everyday Checking is not an interest-bearing account.

What are the account minimums for Betterment Everyday Checking?

Betterment Everyday Checking requires a minimum initial deposit of $10 to open an account.

What fees does Betterment Everyday Checking charge?

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

What features and perks does Betterment Everyday 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 Everyday 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 Everyday Checking allows you to manage your money online.