MemoryBank EarnMore Checking Account Review

Learn more about the rewards checking interest rate of the MemoryBank EarnMore checking account and compare it to the interest rates and ... AdvertiserDisclosure BestSavingsAccountsBestCheckingAccountsBestCDRatesBestMoneyMarketAccountsBestBusinessCheckingAccountsBestStudentCheckingAccountsCheckingAccounts101EmergencySavingsCalculatorSavingsAccountRatesCDRatesCheckingAccounts BestPersonalLoansBestDebtConsolidationLoansBestHomeImprovementLoansBestMedicalExpensesLoansPersonalLoansCalculatorGuidetoPersonalLoansGuidetoRefinancingStudentLoansHowtoConsolidateCreditCardDebtUpstartPayoffSofiLendingClub BestCreditCardsBestTravelCardsBestCashBackCardsBest0%APRCreditCardsBestRewardsCardsBestTravelCardsBestBusinessCreditCardsBestLowInterestCardsBestSecuredCardsBestStudentCardsCreditCards101CreditScore101BalanceTransferGuideCreditcardbonusoffersChaseInkBusinessPreferredCardChaseSapphirePreferred®CitiDoubleCashCardChaseSapphireReserveAmericanExpressPlatinumCard WheretoInvestMoneyBestBrokeragesBestRoboAdvisorsInvesting101HowtoBuyFirstStockHowtoInvestinMutualFundsHowtoPickaFinancialAdvisorHowMuchtoSaveforRetirementBettermentMerillEdgeWealthfront BestAutoInsuranceBestHomeInsuranceBestLifeInsuranceBestHealthInsuranceFigureOutHowMuchAutoCoverageYouNeedCollisionvs.ComprehensiveCoverageOptionsWaystoLockinLowerHomeownersInsurancePremiumsHowtoChoosetheRightLifeInsurancePolicyComparetheDifferentTypesofHealthInsurancePlansProgressiveGEICOStateFarmAIGAllstate Banking PersonalLoans CreditCards Investing Insurance AdvertiserDisclosure Noresultsfor"{{$root.searchTextDsk}}" CalculateCheckingAccounts101EmergencySavingsCalculatorCompareSavingsAccountRatesCDRatesCheckingAccountsBestProductsBestSavingsAccountsBestCheckingAccountsBestCDRatesBestMoneyMarketAccountsBestBusinessCheckingAccountsBestStudentCheckingAccounts PopularReviewsUpstartPayoffSofiLendingClubCalculators&GuidesPersonalLoansCalculatorGuidetoPersonalLoansGuidetoRefinancingStudentLoansHowtoConsolidateCreditCardDebtBestProductsBestPersonalLoansBestDebtConsolidationLoansBestHomeImprovementLoansBestMedicalExpensesLoans PopularReviewsChaseInkBusinessPreferredCardChaseSapphirePreferred®CitiDoubleCashCardChaseSapphireReserveAmericanExpressPlatinumCardRead&LearnCreditCards101CreditScore101BalanceTransferGuideCreditcardbonusoffersBestProductsBestCreditCardsBestTravelCardsBestCashBackCardsBest0%APRCreditCardsBestRewardsCardsBestBalanceTransferCardsBestBusinessCreditCardsBestLowInterestCardsBestSecuredCardsBestStudentCards PopularReviewsBettermentMerillEdgeWealthfrontRead&LearnInvesting101HowtoBuyFirstStockHowtoInvestinMutualFundsHowtoPickaFinancialAdvisorHowMuchtoSaveforRetirementBestProductsWheretoInvestMoneyBestBrokeragesBestRoboAdvisors PopularReviewsProgressiveGEICOStateFarmAIGAllstateRead&LearnFigureOutHowMuchAutoCoverageYouNeedCollisionvs.ComprehensiveCoverageOptionsWaystoLockinLowerHomeownersInsurancePremiumsHowtoChoosetheRightLifeInsurancePolicyComparetheDifferentTypesofHealthInsurancePlansBestProductsBestAutoInsuranceBestHomeInsuranceBestLifeInsuranceBestHealthInsurance AdvertiserDisclosure: Manyoftheoffersandcreditcardsappearingonthissitearefromadvertisersfromwhichthiswebsitereceivescompensationforbeinglistedhere.Thiscompensationmayimpacthowandwhereproductsappearonthissite(including,forexample,theorderinwhichtheyappear).Theseoffersdonotrepresentallaccountoptionsandcreditcardsavailable.*APY(AnnualPercentageYield).Creditscorerangesareprovidedasguidelinesonlyandapprovalisnotguaranteed. AdvertiserDisclosure MemoryBankEarnMoreCheckingAccountReview LearnmoreabouttherewardscheckinginterestrateoftheMemoryBankEarnMorecheckingaccountandcompareittotheinterestratesandfeesatonlinebanks. ByThomas(TJ)Porter Updated:Nov03,2021 (4outof5)MyBankTrackerEditor'sRating MemoryBankApp MemoryBankisanonlinebankthataimstoofferitscustomersagreatbankingexperiencefromthecomfortoftheirownhome. Tothatend,MemoryBankoffersthreedifferentcheckingaccountstoitscustomers. OneofthecheckingaccountsthatitoffersistheMemoryBankEarnMoreCheckingAccount. Thisaccountoffersalltheflexibilityofacheckingaccount,withtheinterest-earningpowerofasavingsaccount. Ifyou’relookingtoopenanonlinecheckingaccount,thisreviewwilltellyouallthatyouneedtoknowabouttheMemoryBankEarnMoreCheckingAccount. GetanInterestRateBonustheFirstYear ThecheckingaccountisthemostcommonbankaccountintheUnitedStatesandit’snothardtounderstandwhy. Theyletyoukeepyourmoneysafeatthebank,butgiveyoueasyaccesstoitwhenyouneedit. WhetheryouwanttostopbyanATM,useyourdebitcard,orwriteacheck,it’seasytousethecashinyourcheckingaccount. MemoryBankEarnMoreCheckingAccountPros&Cons Pros Cons Firstyearinterestratebonus Market-leadinginterestrate(withrequirements) Nomonthlyfees Surcharge-freeaccessto85,000+ATMsnationwide Nophysicalbranches Atmostbanks,thatconveniencecomeswithaprice.Checkingaccountsrarelyofferinterest,andiftheydo,therateisverylow. TheMemoryBankEarnMoreCheckingaccountgivesconsumersawaytoearnagreatrateontheircheckingaccount. Tomakethingsbetter,you’llgeta0.5%boostinyourinterestrate. Thatrateboost,combinedwiththeaccount’salreadyhighinterestrate,makestheaccountpaymorethaneventhemostgenerousonlinesavingsaccount. OneoftheBestCheckingRatesAvailable(WithSomeRequirements) OneofthethingsthatreallysetstheMemoryBankEarnMoreCheckingAccountapartfromitscompetitionisitsfantasticinterestrate. Itpaysabetterratethannearlyanycheckingaccountavailable,anditbeatsmostsavingsaccountsofferedbynationalbanks. Forthemostpart,onlyonlinesavingsaccountscanbeatitsinterestrate. Ifyouwanttoearninterestonyourbalance,you’llneedtomeetafewrequirements.Thoserequirementsare: Receiveonedirectdepositperstatement Makeatleastfivedebitcardtransactionsperstatement Opt-intoonlinestatements Ifyoumeetthoserequirements,you’llearnthebestrate. Ifyoudon’tmeetalloftherequirements,you’llearnaratethatislessthanatenthofthebestavailablerate. Makesureyou’reabletomeetthoserequirementsonaregularbasisbeforeopeningtheaccountifyourgoalistoearninterest. UseMorethan85,000ATMs,Fee-Free MemoryBankletsitscustomersusemorethan85,000fee-freeATMsacrossthecountry. That’smoreATMsthanthetopfiveU.S.bankscombined.Thatmakesiteasytogetcashwheneveryouneedit,whereveryouhappentobe. Youcanfindthenearestfee-freeATMusingtheMemoryBankwebsite.JustenteryourlocationanditwillprovidealistoftheclosestATMstoyou. You’realsofreetouseotherATMs,butMemoryBankwillnotreimburseyouforanyATMfeesyoupay. MemoryAlertNotificationsHelpYouTrackYourAccount Keepingtrackofyourmoneyisimportant. Youhavetoknowwhetheryouhaveenoughmoneyintheaccounttopayyourbillsandcoveryourdailyspending. Plus,you’llwanttomakesurethatanydepositsyou’reexpectingarriveontime. Insteadofforcingyoutologinandcheckyouraccounteveryday,MemoryBankmakestrackingyourfinanceseasy. YoucansetupMemoryAlertnotificationsonyouraccountthatwillautomaticallyinformyouifcertainconditionsaremet. Wanttobewarnedifyourbalancedropsbelowacertainthreshold?Youcancreateanalertforthat. Wanttoknowwhenthatbigdeposithitsyouraccount?Setupanalertforthattoo. WithMemoryAlertnotifications,youcanspendlesstimeworryingaboutyourmoneyandmoretimefocusingontheimportantthingsinlife. PowerfulAccountSecurityFeatures MemoryBankprioritizesthesecurityofitscustomers’accounts.Aseriesofsecurityfeatureshelppreventunauthorizedaccesstotheaccount. BeyondstandardwebprotectionandencryptionlikeSSLsecurity,youcansetupbiometricsecuritytoensurethatonlyyoucanlogintoyouraccount. Ifyouhaveamodernsmartphoneyoucansetupfingerprintloginforyouraccount. Youcanalsoeye-patternidentificationtologintoyouraccount,offeringanextralayerofsecurity. Intheworstcase,youcanresteasyknowingthatallaccountsatMemoryBankareinsuredbytheFederalDepositInsuranceCorporation. Ifthebankisunabletoreturnyourdepositstoyou,theFDICwillreimburseyouuptothelimitof$250,000. Thatmeansyouwon’thavetoworryaboutthebankbeingunabletorepayyouiftheeconomytakesaturnfortheworse. MinimumDepositandMonthlyFee It’seasytoopenaMemoryBankEarnMoreCheckingaccount. Youonlyneedtomakea$50minimumdeposittoopenit.Oncetheaccountisopen,youdon’thavetoworryaboutanymonthlyfees. Therearenorequirementstowaivethemonthlyfee,there’ssimplynofee. Nothavingtoworryaboutfeesmakesiteasytokeepyourmoneyworkingforyou. OtherFeesAreCheaperThanBigBanks Oneofthebenefitsofonlinebanksisthattheyarecheapertorunthanbankswithphysicalbranches. Thatletsthemfocusmoreonprovidingagreatexperiencefortheircustomersandlessonchargingfeestocovertheircosts. ThatisevidentwhenyoulookatthefeescheduleforMemoryBank’sEarnMoreCheckingAccount. Youwon’thavetopayanyfeesforleavingyouraccountdormant,usingATMs,orrequestingacashier’scheck. Thefeeyourmostlikelytoencounteristheoverdraftfee.Thereisa$36overdraftfeeperoverdraftthatyoumake. MemoryBankEarnMoreCheckingAccountFees Type Feeamount MonthlyMaintenanceFee $0 Out-of-NetworkATMFee $0 OverdraftFee $36 ReturnedItem $36 StopPayment $36 DepositedItemReturnedorCashedCheckReturned $12 IncomingDomesticWireTransfer $0after30daysofaccount-opening($20eachotherwise) IncomingInternationalWireTransfer $0after30daysofaccount-opening($20eachotherwise) CashiersCheck $0 ConvenienceWaystoManageYourAccount Oneofthebiggestconcernsthatpeoplehaveaboutonlinebanksishoweasyitwillbetogettotheirmoney. MemoryBankprioritizesconvenienceandmakesiteasyforyoutomanageandaccessyourcash. YoucanmanageyouraccountthroughtheMemoryBankwebsiteortheMemoryBankmobilebankingapps. Youcanusetheapptodepositchecks,checkyourbalance,orsetupone-timeorrecurringtransfers. Theabilitytocreaterecurringtransfersmakesiteasytocreateandsticktoaregularsavingsplan. Forexample,youcanusearecurringtransfertomove$50toasavingsaccountaftereverypayday. Again,anothergreatconveniencefeatureisMemoryBank’snetworkofmorethan85,000fee-freeATMs. You’llneverbefarfromawaytowithdrawsomecashfromyouraccount.Youcanalsouseyourdebitcardtomakepurchasesinapinch. Youcanalsogetquickhelpwithyouraccountifyoueverrunintoissues.MemoryBankoffersthreewaystocontactcustomersupport: Youcanstartaliveonlinechatfromthebank’swebsitetoaskanyquestionsyoumighthaveaboutyouraccount. Duringthebusinessweek,youcancallthebanktospeaktoalivecustomersupportspecialist.Thecallcenterisopenfrom7:30AMto8PMEasternonweekdays,whichgivesyoualargewindowoftimetocontactthebank. Formoresensitiveissues,youcanlogintoyouraccounttosendanencryptede-mail.Acustomersupportspecialistwillcontactyouassoonaspossible. AllofthesefeaturescombinetomakeMemoryBank’sEarnMoreCheckingAccountveryconvenienttouse. HowDoesItCompare? BecausethecheckingaccountisthemostcommontypeofbankaccountintheUnitedStatesthereisnoendtocompetitionforyourbusiness. Thatmeansthatyouhavealotofoptionstochoosefromwhenopeninganaccount. Whenyou’reshoppingforacheckingaccount,don’tjustgotothelocalbranchofanationalbank. Onlinebanks,likeMemoryBankhaveloweroperatingcostsandcanoffermuchbetterratesandlowerfees. Whenlookingatcheckingaccountsthefeesandaccessibilityoftheaccounttendtobethemostimportantfactorstoconsider. Otherfactorsthatyoushouldlookatwhenmakingadecisioninclude: Minimumdeposit Monthlyfee Feewaiverrequirements Interestrates ATMaccess TheFinalVerdict TheMemoryBankEarnMoreCheckingAccountisagreatchoiceforpeoplewhowantacheckingaccountthatoffersagreatinterestrate. Justmakesurethatyoucanmeettherequirementstoearnthebestinterestrateavailable. Otherwise,anotheraccountmayofferabetterrate.TheaccountisalsoagoodchoiceforpeoplewhouseATMsregularly,thankstoitshugenetworkofno-feeATMs. Whereitfallsshortisforconsumerswhowanttomovealloftheiraccountstoonebank. MemoryBankonlyofferscheckingaccounts,soifyouwanttoopenanonlinesavingsorinvestmentaccount,you’llneedtochooseanotherbank. More:BestCheckingAccountsoftheYear ContinueReading CompareBestAccountsNow Checking| Reviews |MemoryBankEarnMoreCheckingAccountReview AbouttheauthorThomas(TJ)Porter TJPorterhasin-depthexperienceinreviewingfinancialproductssuchassavingsaccounts,creditcards,andbrokerages,writinghow-tos,andansweringfinancialquestions.HehasalsocontributedtopublicationsandcompaniessuchasInvestmentZenandEchoFox.Heaimstoprovideactionableadvicethatcanhelpreadersbettertheirfinanciallives.Inhissparetime,TJenjoysthinkingupnewwaystooptimizemyownfinances,inadditiontocooking,reading,playinggames(oftheboardandvideovariety),soccer,ultimatefrisbee,andhockey. Readmore Readless Addacomment AskaQuestion disqus_ogY6EjWnS9Monday,12Nov20188:44AM

>>"Ifyouwanttoearninterestonyourbalance,you’llneedtomeetafewrequirements.Thoserequirementsare:
Receiveonedirectdepositperstatement
Makeatleastfivedebitcardtransactionsperstatement"

Areyousureaboutthe5debitcardtransactions?UnlessIjustdidn'tdigdeepenough,Iseenothingaboutthatonthewebsite.

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