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Radius Bank Rewards Checking review

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Earn interest and cashback rewards with this online-only checking account.

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.


Monthly fee




Minimum deposit to open


APY1.20% on balances of $100,000+
1.00% on balances of $2,500 to $99,999.99
Monthly fee$0
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

Expert review

Heather Petty

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.

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 1% interest on balances from $2,500 to $99,999.99 and 1.2% 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 ATMs Fee
BBVA Online Checking
No ATM fees nationwide at more than 64,000 AllPoint, participating 7-Eleven and BBVA USA ATMs
Bank with BBVA and you could earn a total offer value of $250. Offer valid: 2/1/20 - 2/28/20.
M&T Bank EZChoice Checking
Over 1,500 M&T Bank ATMs
Get $150 if you open an EZChoice M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
M&T Bank MyChoice Premium Checking
0.05% on balances of $100,000+
0.03% on balances of $50,000 to $99,999.99
0.01% on balances of $1 to $49,999.99
Over 1,500 free M&T Bank ATMs and up to $2 rebates when using all other ATMs
(can be waived)
Get up to $250 if you open a MyChoice Premium M&T checking account by March 2, 2020, and make qualifying direct deposits totaling at least $500 within 90 days of account opening.
Chase Sapphire Checking
Free to use anywhere worldwide
(can be waived)
Get a $1000 welcome bonus when you join Sapphire Banking by March 06, 2020. Within 45 days of joining, transfer a total of $75,000 or more in qualifying new money or securities to a combination of eligible checking, savings and/or investment accounts (excludes any J.P. Morgan retirement accounts and CDs), and maintain the balance for at least 90 days.
Axos Bank Rewards Checking
1.25% on balances of $0+ with $1,000+ in direct deposits, 10 $3+ debit card transactions and 5 additional account transactions per month
ATM fees reimbursed at any ATM nationwide
Earn up to 1.25% APY while enjoying a suite of digital tools for smarter money management.
Axos Bank Essential Checking
ATM fees reimbursed at any ATM nationwide
No fees. Unlimited domestic ATM fee reimbursements.

Compare up to 4 providers

How do I open a Radius Rewards Checking account?

  1. Enter your name, email and phone number, then click Continue.
  2. Enter your address. Click Continue.
  3. 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.
  4. 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.
  5. 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

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

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