Fubbalicious t1_ja5vjk9 wrote on February 27, 2023 at 1:49 AM

I opened an account back in 2021 when they were offering a $250 bonus. Got the bonus with no fuss. There interest rates tend to be on par with other online banks (eg. Ally, Discover, etc).

As others have said, they've now combined logins so your login for your credit card can also access your high yield savings, though at the time I signed up they were separate distinct logins.

They also started offering a free checking account last year if you want to consolidate your banking. Their checking is unique in that it offers 1% interest and earns 1 point (worth $.01) for every $2 spent. Can either be redeemed for cashback or if you're into the Amex eco-system, you could transfer those points to other Amex cards for higher redemption value.

If you're also looking for business checking, they offer one with a $300 sign up bonus and their checking account is actually quite good as it offers 1.3% interest and they also offer a flat rate 2.25% fee if you use their invoicing service, which is nice if you have a need for it. Their business debit also earns the same 1 point for $2 spend.

Also I think their ACH times are really fast--like 1 business day. Or at least their business checking is.

Qbr12 t1_ja63225 wrote on February 27, 2023 at 2:49 AM

Do you use their app for their business checking? Do you like it?

Fubbalicious t1_ja64m92 wrote on February 27, 2023 at 3:02 AM

To clarify, their business checking uses a separate app from their personal savings. The business app is fine and does everything you would want such as mobile check deposits, transferring money, enabling/disabling debit. It also shows the balance on your other accounts and when you click on them it will either ask to open the web browser or the corresponding mobile app. They also have a high mobile check deposit limit of $50K/day.

I still maintain a free business checking account at my local bank so I can deposit cash and receive the occasional Zelle payment. But I prefer Amex since it has no transaction limits, incoming wires have no fees and I earn interest.

Fubbalicious t1_ja6bupa wrote on February 27, 2023 at 4:03 AM

I also wanted to add that their Business Checking is iOS only for the moment.