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Radius Bank Rewards Checking review

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Earn interest and cashback rewards with this online-only checking account.’s rating: 4.2 / 5.0


The Radius Bank Rewards Checking account gives you the opportunity to earn cashback on everyday purchases and interest on balances. The account also offers tools to help you keep your budget and financial growth on track. But you’ll need to meet monthly income qualifications or keep an average monthly balance to earn rewards.

$0 per month


Up to 0.15%



Minimum deposit to open


APY0.15% on balances of $100,000+
0.10% on balances of $2,500 to $99,999.99
Fee$0 per month
Minimum deposit to open$100
ATMsMore than 20,000 ATMs + unlimited ATM surcharge rebates
ATM transaction fee$0
ATM fee rebatesUnlimited automatic ATM surcharge rebates for ATM fees other banks charge you
Out-of-network ATM fee$0
Overdraft fee$25

Review by

Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.

Expert review

If you meet the income qualifications and are comfortable with online-only checking, the Radius Bank Rewards Checking account can be a great way to earn money on the purchases you’d make anyway.

How do I open a Radius Bank Rewards Checking account?

  1. Click Apply now.
  2. From the Radius Bank Rewards website, enter your name, email and phone number, then click Continue.
  3. Enter your address. Click Continue.
  4. Enter your birth date, Social Security number and any special promotional code. Then create a security phrase and confirm you’re a US citizen or resident.
  5. Select your bank and then sign in so that you can transfer at least $100 into your new Radius account. Or use your debit card to transfer funds.
  6. Submit your information to open the account.


You must meet the following requirements to open a Radius Bank Rewards Checking account:

  • At least 18 years old
  • Valid Social Security number
  • Valid bank account
  • US citizen or resident

Required information

When you’re ready to apply, have the following information on hand:

  • Full name
  • Email address
  • Phone number
  • Residential and mailing addresses
  • Date of birth
  • Social Security number
  • Bank information or debit card to fund the account

What are the benefits of a Radius Bank Rewards Checking account?

In addition to its online and mobile banking access, you’ll receive your first check order for free and the following perks:

  • Cashback on debit card purchases. Receive 1% cashback on all online or signature-based debit card transactions.
  • Interest bearing. Earn 0.1% interest on balances from $2,500 to $99,999.99 and 0.15% on balances over $100,000.
  • No hidden fees. You won’t pay ATM, monthly service or minimum balance fees.
  • Early direct deposit. If you sign up for direct deposit, you’ll get your paycheck as soon as your employer submits payroll.
  • Financial management tools. Set a budget and track your spending, debts and net worth through the mobile app’s financial dashboard.

What should I look out for?

The Radius Bank Rewards Checking account comes with several benefits, but it also has its drawbacks:

  • Limited branches. Radius only has one branch office in Boston, so anyone outside the area relies on its online banking options.
  • Cashback qualification. You must either maintain a $2,500 average balance in the account or receive a total monthly deposit of $2,500 to qualify for cashback rewards.
  • Overdraft fees. You’ll pay $25 and $5 for every day you are overdraft after the first five days.

If you’re interested in a more personal banking experience, compare your options using our checking account finder.

Radius Rewards Checking ATM network and fees

Radius Bank ATMs are limited to the Boston Area. But its relationship with NYCE, MoneyPass and SUM networks gets customers access to about 325,000 ATM around the US for no fees.

If you use any ATMs out of its network, it offers unlimited reimbursements at the end of the month for any fees worldwide. However, it doesn’t cover international exchange fees.

Compare with other checking accounts

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 3.8 / 5: ★★★★★
Aspiration Spend & Save Account
Up to 1.00%
55,000 free in-network ATMs
Deposits are fossil fuel-free and insured by the FDIC. Enjoy a spend and save combo account with unlimited cash back rewards and a $100 bonus when you spend $1,000 in your first 60 days.
Citibank® Account Package
Citibank® Account Package
No access to ATMs
Earn a $300 bonus after opening new eligible checking and savings accounts and completing required activities.
HSBC Premier Checking
Finder Rating: 2.7 / 5: ★★★★★
HSBC Premier Checking
Free to use at all ATMs in the US
Get a 3% cash bonus in the first six months (up to $600) or $450 welcome bonus when you open your account with qualifying activities. Must open HSBC Premier checking account through offer page by June 30, 2021, 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.
Chime Spending account
Finder Rating: 4.7 / 5: ★★★★★
Chime Spending account
38,000 fee-free ATMs nationwide
Get rid of fees with this financial app offering consumer-friendly accounts. Chime can also help you save easily and access your paycheck faster.
Axos Bank Essential Checking
Finder Rating: 5 / 5: ★★★★★
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.
Finder Rating: 4.8 / 5: ★★★★★
Up to 2.15%
more than 85,000 ATMs nationwide
OnJuno embraces an open banking system for everyone, regardless of their age, location, or income.

Compare up to 4 providers

How do I deposit or withdraw my money?


  • Mobile check deposit
  • Direct deposit
  • Transfer from another bank account
  • Wire transfer
  • By cash or check at an ATM


  • ATMs
  • Check addressed to yourself
  • Transfers to other bank accounts
  • Mobile wallet
  • Mobile bill pay
  • Mobile payments to individuals
  • Wire transfer

What other checking options does Radius offer?

In addition to the Rewards Checking account, Radius offers the following checking options:

  • Superhero Checking. Earn 0.5% APY on balances of $2,500 or more and donate 1% of your total debit card purchases to the March of Dimes each month.
  • Essential Checking. A second-chance account with built-in deposit and spending limits to help you rebuild your financial record.
  • Tailored Checking. A small business account that offers 0.75% APY and unlimited transactions.

Frequently asked questions

Checking account ratings

★★★★★ — 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.

Read the full methodology of how we rate checking accounts.

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