Pros
2% Cash Back on Essential Categories: Earn 2% back on gas, utilities, drugstores, restaurants, and subscriptions with $1,000+ monthly direct deposit
Early Direct Deposit Access: Receive paycheck up to 2 days earlier than traditional banks when setting up direct deposit, with funds available as soon as the ACH transfer is received
Competitive Savings Rate: Link to Upgrade's savings account to earn an even higher APY with a $1,000 monthly direct deposit
Cons
Direct Deposit Requirement: Must maintain $1,000+ in monthly direct deposits to unlock best features like 2% cash back and ATM fee reimbursement
No Cash Deposits: Cannot deposit cash directly into account since there are no physical branch location
Limited ATM Network: Charges fees for out-of-network ATM withdrawals