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finder.com’s rating: 3.7 / 5.0
★★★★★
Motiv Money set out to create a mobile banking product that helped customers spend and save smarter. It was meant to have no monthly fees and tools to help you manage money and rebuild credit, but it seemingly never made it past the waitlist stage.$0 per month
Fee
N/A
APY
$0
Minimum deposit to open
APY | N/A |
---|---|
Fee | $0 per month |
Minimum deposit to open | $0 |
ATMs | Over 25,000 free ATMs across the country |
Review by
Peter Carleton is a writer that covers banking and investing, breaking down what you need to know about where you put your money. When Peter's not thinking about cutting-edge banking apps and robo-advisors, he runs a creative agency and spends his spare time cooking or reading.
However, it’s mobile-only and the credit rebuilding program has a few requirements.
This banking product has a number of standout features, including:
This account could be a solid option for those looking to manage their money and build credit, but there are a few things to watch out for:
If you want to bank with an institution that offers more products, you’ll want to keep looking. As always, compare your options when choosing a checking account.
While Motiv Money is primarily a mobile banking product, it can also help you build credit once you’ve opened an account:
In order to start rebuilding credit with Motiv, you’ll need to meet one of three conditions:
This account comes with a Motiv Visa debit card that allows you to access your money at 25,000 free ATMs and almost any retailer. You won’t pay Motiv any fees from out-of-network ATMs, though owner fees could apply.
If you need to get in touch with customer service, reach out by sending an email to help@motivmoney.com.
★★★★★ — 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.