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Zerocard and Zero Checking review

Unlike traditional accounts, this no-fee option requires a credit check with limited accessibility.’s rating: 3.5 / 5.0


Zero Checking with Zerocard is built for the digital age, requiring signup by app and electronic deposits. Unlike traditional checking accounts, it requires a check on your credit and you have the option to apply for the Zerocard, a credit card that’s directly linked to your account.

$0 per month





Minimum deposit to open


Fee$0 per month
Minimum deposit to open$0
Intro or bonus offerUse your linked debit card to earn 0.5% cashback rewards or the Zerocard to get 1% to 3% back on your purchases, depending on your tier and spending.
ATMsZerocard is usable anywhere Mastercard is accepted.
ATM transaction fee$0
ATM fee rebatesAt the Carbon level, all ATM fees, including what the ATM owner may charge, are refunded.
Out-of-network ATM fee$0
Foreign transaction fee0%

Review by

Rhys Subitch is a former writer and editor at Finder who tackled topics across the site. With half a decade of experience researching, editing, and writing for a Fortune 500 company, university, and several independent publications, Rhys brought readers the most up-to-date and curated information on all things finance.

Expert review

Zerocard and Zero Checking is for those looking for a cashback rewards option. No maintenance fees and rewards up to 3% make this account tempting.

But it loses its shine as a useful everyday account when you consider limitations on deposits, expensive withdrawals and a required credit check.

How do I open a Zerocard and Zero Checking account?

Open a Zerocard and Zero Checking account through the Zero app:

  1. Click Apply now.
  2. From the iOs app store, download the Zero app.
  3. Input your email and create a password, then tap Continue.
  4. Select Continue and apply.
  5. If you agree to the terms, tap the bubble next to I want to apply and agree to all, and then tap Continue.
  6. Input your mobile phone number and select Next.
  7. Enter a referral code if you have one and tap Continue. Tap I don’t have a code if you don’t.
  8. Select Scan ID and scan your government-issued ID.
  9. Enter your full name and tap Next.
  10. Fill out your date of birth and select Next.
  11. Input your address and tap Next.
  12. Enter your Social Security number and select Next.
  13. Submit your application and wait for a response, typically within a few minutes.


To apply for a Zerocard and Zero Checking account, you must consent to a credit check and meet three eligibility requirements:

  • At least 18 years old
  • Valid Social Security number
  • US residential address

Required information

Have the following ready when you apply for a Zerocard and Zero Checking account:

  • Your name and mobile phone number
  • Your physical and email address
  • Government-issued ID, such as a driver’s license or passport
  • Your Social Security number

What are the benefits of a checking account with Zero?

Zero Checking offers benefits beyond traditional checking accounts through a mobile app:

  • Minimal fees. You won’t pay monthly maintenance, annual, inactivity or foreign transaction fees.
  • Rewards for everyday spending. Use your linked debit card to earn 0.5% cashback rewards or the Zerocard to get 1% to 3% back on your purchases, depending on your tier and spending.
  • Reports to the credit bureaus. If your account is tied to the Zerocard, you can potentially build or rebuild your credit score with responsible use and timely payments.

Zerocard tiers

If you choose to apply for the Zerocard, you start out with a Zerocard Quartz after approval. Each year, you can maintain your reward or build your way up to higher-tier cards through qualified spending or by referring qualified friends. Each tier comes with its own requirements and cashback rewards rates as long as you pay your balance in full by your due date.

Zerocard tierUnlimited reward rateRequirements
Quartz1%Open an account
Graphite1.5%Refer one friend or spend $25,000 annually
Magnesium2%Refer two friends or spend $50,000 annually
Carbon3%Refer four friends or spend $100,000 annually

Zero’s ATM network and fees

Zero isn’t a bank: WebBank issues the card, and Evolve Bank and Trust houses the checking account. But you manage your account through the Zero app.

Zero doesn’t charge ATM fees, but it’s possible the owner of the ATM will. Cash withdrawals from an ATM are considered a cash advance and carry a separate APR.

The Zero Checking‘s associated Zerocard comes with an APR and fees for late or returned payments.

Type of chargeAmount
Purchase APR24.99% variable
Balance transfer APR24.99% variable
Cash advance APR24.99% variable
Late feeUp to $27
Returned payment feeUp to $25

What should I look out for?

Zero Checking isn’t designed for everyday checking.

While you can use your Zerocard to withdraw money, withdrawals are considered cash advances. And you can’t deposit checks at an ATM or through the app as of this writing. It’s also worth mentioning that you have the option to forego the Zerocard for a traditional debit card.

This highly streamlined service comes with other drawbacks you’ll want to weigh against potential benefits:

  • Withdrawals are cash advances. It’s worth mentioning again that your Zerocard is a credit card, which considers cash withdrawals cash advances that come with a high 24.99% APR.
  • App for iPhone only. While you can preregister for the Google Play app, it’s currently unavailable.
  • No cash or app deposits. Zero Checking accepts electronic transfers only, with fine print warning that not all transfers are accepted.

If you prefer a more traditional banking experience, you’ll want to keep looking. As always, compare your options to narrow down the best checking account for your needs.

Compare with other checking accounts

If you’re uneasy about a checking account that requires a credit check, look into other checking accounts that might better fit your needs.

Name Product APY Minimum deposit to open ATMs Out-of-network ATM fee
Aspiration Spend & Save Account
Finder Rating: 4.2 / 5: ★★★★★
Aspiration Spend & Save Account
5.00% on balances of $0 to $10,000
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.
Finder Rating: 4 / 5: ★★★★★
more than 38,000 ATMs in the MoneyPass ATM network
The Douugh app is an AI assistant focused on your finances.
Chase First Banking℠
Finder Rating: 4.3 / 5: ★★★★★
Chase First Banking℠
16,000 ATMs nationwide
A debit card for teens and kids with a set of digital tools to help them learn good money habits in the Chase Mobile app. Requires parent to have or open a Chase checking account.
Chase Secure Banking℠
Finder Rating: 4.2 / 5: ★★★★★
Chase Secure Banking℠
Access to 16,000 ATMs and more than 4,700 branches nationwide
Chase Secure Banking offers no overdraft services
Finder Rating: 4.8 / 5: ★★★★★
1.20% on balances of $0 to $50,000
0.25% on balances of $50,000.01+
More than 85,000 ATMs nationwide
A free account for crypto and cash that earns a 1.2% bonus rate plus 5% cashback on purchases from participating retailers.
Finder Rating: 4.6 / 5: ★★★★★
32,000 fee-free ATMs nationwide
Freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital bank account. Get up to 10 referral rewards, or $1000.

Compare up to 4 providers

How do I deposit or withdraw my money?

Access your funds in three ways:

  • Withdraw money from an ATM. Zero doesn’t charge a fee for withdrawals, but it does treat ATM withdrawals as cash advances.
  • ACH transfer. Deposit money or transfer it out by ACH through the app.
  • Direct deposit. Receive your paycheck or government check directly to your Zero Checking account.
  • 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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