
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
finder.com’s rating: 4.0 / 5.0
★★★★★
Douugh is an AI-powered bank account designed to help you manage your money. It’s a checking, saving and budgeting combo that lets you automate your finances and live within your means. But it lacks a few features that come standard with other accounts.$4.99 per month
Fee
$0
Minimum deposit to open
Rewards | N/A |
---|---|
Supported cryptocurrencies | Not stated |
ATM transaction fee | $0 |
Review by
Michael Benninger is a staff banking writer at Finder. He is a former credit analyst and longtime freelancer whose articles have been published by Intuit, Business Insider and the Los Angeles Times. Michael is passionate about all facets of personal finance and has written hundreds of articles about money management during the past decade.
But you’ll have to pay $4.99 a month to use Douugh. And while you’re encouraged to save money, you won’t earn any interest on uninvested funds. If you want money in your Douugh account to grow, you’ll need to invest it in ETFs.
If you’re looking for an account that meets all three key features — spend, save and invest — look at accounts like Aspiration Spend & Save Account. It offers spending, saving and investing while it earns up to 5% APY on your uninvested funds. But you’ll need to meet strict account requirements, including spending $1,000 in debit card purchases, to earn the max APY.
There are other digital accounts like Albert Cash that offer a way to spend, save and invest while earning interest, but it only earns a 0.2% annual bonus and you’ll pay $4 a month, which is comparable to Douugh‘s monthly fee.
If you’d rather invest in ETFs than also earn an APY, Douugh is a solid option when it comes to all-in-one accounts. But if you prefer the predictability and peace of mind that comes with compound interest, consider a cash management account that accrues a competitive APY.
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Getting started with the Douugh app only takes a few minutes.
Your card should arrive in seven to 10 business days, after which you can activate it and begin using your Douugh account.
To open a Douugh account, you need to meet the following criteria:
Have the following information ready when opening a Douugh account:
The Douugh app offers these perks:
Use your Douugh card to withdraw cash for free at more than 32,000 ATMs in the MoneyPass ATM network. ATM withdrawals are limited to $250 per transaction and $500 a day. If you use an international ATM, you’ll pay a $3 fee in addition to any fees charged by the owner of the ATM.
There are a few downsides to keep in mind before switching to Douugh:
If you want a digital bank account that earns interest and offers cash and check deposits, you’ll want to keep looking. As always, explore your options when considering a digital bank account.
See how other digital bank accounts compare based on their fees, ATM networks and minimum opening deposits.
Yes, Douugh is legit. Douugh accounts are FDIC insured for up to $250,000. Investments with Douugh are protected for up to $500,000 through the Securities Investor Protection Corporation (SIPC). Douugh also uses multi-factor authentication and AI-powered fraud detection to protect your account.
There are a few ways to move money into and out of your Douugh account:
If you have questions or need help with your Douugh account, you can contact a specialist in the following ways.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.