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PoderCard review

A free bank account designed for US Hispanic immigrants.

finder.com’s rating: 4.0 / 5.0

★★★★★

PoderCard is a digital bank account built specifically for the Hispanic community. It has no hidden fees or minimum deposit requirements. Plus, the mobile app has a bilingual interface that lets you switch between Spanish and English. But PoderCard doesn’t support joint accounts.

$0 per month

Fee

N/A

APY

$0

Minimum deposit to open

Details

APYN/A
Fee$0 per month
Minimum deposit to open$0
ATMsover 46,000 AllPoint ATMs nationwide
ATM transaction fee$0
Out-of-network ATM fee$3
Foreign transaction fee3%
Overdraft fee$0
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Review by


Cassidy Horton is a writer for Finder, specializing in banking and kids’ debit cards. She’s been featured on Legal Zoom, MSN, and Consolidated Credit and has a Bachelor of Science in Public Relations and a Master of Business Administration from Georgia Southern University. When not writing, you can find her exploring the Pacific Northwest and watching endless reruns of The Office.

Expert review

PoderCard is closing the banking gap by providing a free digital account to underserved populations and the unbanked. It has early direct deposits and no monthly fees or minimum deposit requirements, but you can’t open a joint account with a friend or family member.

And you’ll pay fees if you use an out-of-network ATM, need a new debit card or deposit cash at a retail location.

How do I open a PoderCard account?

Follow these steps to open a PoderCard account online:

  1. Go to the provider’s site and follow the steps to apply.
  2. Download the official PoderCard app from the Apple Store or Google Play Store.
  3. Open the app, select whether you wish to view it in Spanish or English and click Next.
  4. Create your username and password and click Setup App Login.
  5. Create and confirm your four-digit mobile unlock code.
  6. Enter your phone number and click Next.
  7. Enter the code that was sent to your phone and click Confirm Mobile Number.
  8. Type in your Social Security number, ITIN or Matricula Consular photo ID.
  9. Follow the prompts to verify your identity and request your debit card.

Eligibility

Anyone who meets these requirements can open a PoderCard account:

  • At least 18 years old
  • Valid Social Security number, Individual Taxpayer Identification Number (ITIN) or Matricula Consular photo ID

Required information

  • Full name
  • Address
  • Date of birth
  • Phone number
  • Social Security number, ITIN or Matricula Consular photo ID
  • Driver’s license or other identifying documents

When will I receive my PoderCard?

Once your account is set up, you’ll receive your PoderCard debit card in the mail within seven business days.

4 benefits of the PoderCard

The PoderCard is built in partnership with Green Dot. It’s FDIC-insured, comes with mobile banking and online bill pay and has these features:

  1. Minimal fees. You won’t pay for monthly maintenance fees, minimum balance fees or overdrafts with PoderCard.
  2. ASAP direct deposit. Get direct deposit paychecks and government benefits up to two days earlier than you would with a standard bank account.
  3. Large ATM network. Withdraw cash for free at over 46,000 AllPoint ATMs nationwide.
  4. Financial wellness library. Stay in control of your finances with a free library of personal finance resources.

4 things to look out for

While the PoderCard account has its benefits, it has potential drawbacks:

  1. No joint accounts. PoderCard only offers individual accounts.
  2. ATM restrictions. You can’t withdraw more than $500 daily or $3,000 monthly from ATMs. Plus, you’ll pay a $3 fee if you use an out-of-network ATM.
  3. Miscellaneous fees. Expect to pay $5 for replacement debit cards, 3% for foreign transactions and $2.50 if you withdraw cash with a bank teller.
  4. New account. PoderCard is new and doesn’t have any other accounts, so it may not be a good option for those who want to keep their banking under one roof.

If you were hoping to open a checking and savings account at the same bank, you’ll want to keep looking. As always compare your options when considering a digital bank account.

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How do I deposit or withdraw my money?

PoderCard gives you several ways to deposit and withdraw money from your account:

Deposits

  • Direct deposit
  • Transfer from another bank
  • Cash deposits at a Green Dot location

Withdrawals

  • At an ATM
  • Cash back at a retailer
  • Transfer to another bank

PoderCard reviews and complaints

PoderCard doesn’t have any reviews on Trustpilot or the Better Business Bureau’s website, but it does have reviews on the Apple App Store and the Google Play Store. On the App Store, it has an astounding rating of 4.9 out of 5 based on more than 13,000 ratings. On the Google Play Store, it has a rating of 4.4 out of 5 based on more than 2,000 reviews.

Reviewers on both platforms praise the PoderCard for its features and lack of fees. But there are also numerous complaints by would-be customers who encountered technical problems when signing up for an account.

How to contact PoderCard customer service

You can contact a PoderCard support specialist via these methods.

  • Call 1-833-337-6337.
  • Send a note to a specialist via the app or website, and you can expect a response within 24 to 48 hours.

Frequently asked questions

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