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Branch App review

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This free checking account features early direct deposits and free instant paycheck advances.

Branch is a free checking account offering unusual perks like free instant paycheck advances and early direct deposits. But the account is currently waitlisted and it’s only targeted to hourly employees.

$0 per month

Fee

N/A

APY

$0

Minimum deposit to open

Details

Fee$0 per month
Minimum deposit to open$0
ATM transaction fee$0
Out-of-network ATM fee$0
Overdraft fee$0

Expert review

Cassidy Horton

Review by


Cassidy Horton is a writer for Finder, specializing in banking and investments. She has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. Cassidy enjoys educating people about financial services, exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

Branch is ideal for hourly employees looking for a checking account with unique features like early direct deposits and instant cash advances. The account is completely free and there are no minimum balance requirements.

But you must manage your account through the mobile app and you can only reach customer service through the contact form on its website. You can’t call or chat them if you have questions.

How do I open a Branch account?

Open a Branch account and add yourself to the debit card waitlist in five steps:

  1. Go to the provider’s site and follow the steps to apply.
  2. From the Branch website, download the official Branch mobile app from the Apple Store or Google Play Store, launch the app and click Sign Up.
  3. Enter your employer’s name and location and click Find My Workplace.
  4. Select your employer from the list and click Continue.
  5. Enter your name, email address and phone number and click Verify.
  6. Connect a bank account and add yourself to the waitlist for the Branch card.

Eligibility

You’ll need to meet the following requirements to open a Branch account:

  • Minimum 18 years old
  • An existing checking account to link to Branch
  • Social Security number

Required information

Have the following information on hand when you open an account:

  • Full name
  • Date of birth
  • Employer’s name and address
  • Residential address
  • Social Security number

What are the benefits of a checking account with Branch?

When you open a Branch account, you’ll enjoy features like:

  • No monthly fees. Branch never charges monthly, overdraft, ATM or membership fees.
  • No minimum balance requirements. Account holders don’t have to worry about keeping a certain dollar amount in their account every month.
  • Paycheck advances. Get a free instant advance on your paycheck with the Branch debit card.
  • Early direct deposit. Receive your paycheck two days earlier when you have direct deposits going into this checking account.

What should I look out for?

Potential drawbacks of Branch include:

  • Waitlisted debit card. You’ll need to open a Branch account and hop on the waitlist to save your spot in line.
  • Employers required. Branch recommends users to sign up only if their employers are registered as there are features that are unavailable to individuals.
  • Limited support. There are no physical locations to bank — you can only chat with customer support through the contact request form on its website.
  • Mobile app only. Branch doesn’t have a web-based version of its service, so you’ll have to manage your account entirely from your phone.

If you think a standard checking account with a high APY is what you’re after, shop around for other options.

Branch’s ATM network and fees

Branch doesn’t have an ATM network, so you’re free to use any ATM worldwide. The company doesn’t charge any ATM fees, but you’re still subject to operator fees.

Compare with other checking accounts

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
HSBC Premier Checking
$1
Free to use at all ATMs in the US
$0
Get a 3% cash bonus, up to $600 (max. $100 per month) during first six months after account opening. Must open HSBC Premier checking account through offer page by September 30, 2020, and set up qualifying direct deposits into the new account. Conditions apply. Deposit products are offered in the US by HSBC Bank USA, N.A. Member FDIC.
BBVA Online Checking
$25
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
$3
A full-service account with convenient, surcharge-free access to two massive ATM networks, plus up to a $250 signup bonus when you meet deposit requirements
Axos Bank Essential Checking
$0
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Axos Bank Rewards Checking
$50
ATM fees reimbursed at any ATM nationwide
$0
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Aspiration Spend & Save Account
$10
55,000 free in-network ATMs
$0
Deposits are fossil fuel-free. A spend and save combo account with unlimited cash back rewards and deposits insured by the FDIC.
N26
N26
$0
Fee-free ATM withdrawals at Allpoint ATMs
$0
A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.
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How do I deposit or withdraw my money?

There are a few ways to deposit and withdraw money through Branch:

Deposits

  • Direct deposit from an employer
  • External transfer from another bank
  • ATM that accepts cash deposits

Withdrawals

  • ATM using your debit card
  • Cashback at a retailer
  • External transfer to another bank

What other checking options does Branch offer?

Branch doesn’t offer any other checking accounts.

Frequently asked questions

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