Stash Banking review: A digital account and debit card that pays you back with stock rewards.
What is a Stash Banking?
With Stash, you get a digital banking account with a debit card that rewards you with pieces of stock when you make purchases at well-known public companies, such as Walmart or Starbucks.
Open your Stash Banking account in 2 minutes.
Stash Banking services are provided by Stride Bank, N.A., Member FDIC. Stash Investments LLC (‘Stash’) is an SEC-registered investment adviser. Stash Capital LLC is an SEC-registered broker-dealer and member of FINRA/SIPC.
How Stash Banking Works
Stash banking is a digital account and debit card with no maintenance or overdraft fees and minimum balance requirements. It includes mobile check deposit, card locking features, real-time alerts, recurring transfers, and digital wallet compatibility for Apple Pay and Google Pay.
Surcharge-free ATMs: Access over 55,000+ fee-free ATMs worldwide and make fast cash deposits with no extra fee at participating retailers like CVS Pharmacy, Walgreens, and Walmart.
Instant transfers: Transfers between your investment portfolio cash and your banking account instantly.
Early payday: Get your direct deposited paychecks up to 2 days early.
Stock-Back® Card: Shop at well-known brands and get rewarded with pieces of matching stock. Instead of points that might expire, you’ll get stock that can actually grow in value over time.
Key Features
- Direct deposit up to two days early
- Access 55,000+ ATMs worldwide
- Instantly make deposits, withdrawals, or transfers to other Stash accounts
- Fraud alerts & protection
- Set up and track up to 5 goals
- Spend insights & budgeting tools
Pricing
Choose between two subscription options.
- Stash Growth: $3 monthly for advice, banking, investing, and $1k insurance.
- Stash+: $9 monthly for advice that includes family finances and market insights, investing access and custodial accounts, banking with 1% in stock on card purchases, and $10k insurance.
Fees
- No overdraft fees
- No minimum balance fees
- No monthly maintenance fees
- No set-up fees
Excluding the monthly subscription fee, other fees may apply, such as out-of-network ATM fees.
Pros and Cons
Pros
- No account minimums are required
- Helpful automatic savings feature
- Stock-back rewards for purchases
- Spending and expense tracker
Cons
- No physical branch locations
- Lack of personal and live customer service support
Who is it best for?
Stash digital banking accounts and debit cards are best for those who may not have an existing account with a credit union or bank. It can also be a secondary account for those who are already using Stash to invest in the stock market.
Stash Banking Review
Stash banking is a legitimate service and not a scam. It offers a reliable digital account for your banking needs while helping you with your investing goals.
In our Stash Banking review, we learned that the app is rated 4.7 out of 5 stars in the App Store with over 300,000 reviews; however, it has a bad rating on Trustpilot due to account opening requirements and confusion around monthly fees.
It’s important to understand that Stash is not a bank and does not fall under current banking regulations. Stash has partnered with Stride Bank, a member of the FDIC, to federally insure your deposits.
How to Start a Banking with Stash
Account Requirements
- Must be at least 18 years old
- Have a social security number
- Verifiable personal information
Step-by-Step to Open a Stash Banking Account
The time needed: 3 minutes.
- Getting started
- Click “Get Started” to open an account or click this link.
- Enter your information
- Submit your personal information, such as name, email, and password.
- Fund your account
- Transfer money or set up direct deposit.
Stash Banking Alternatives
Some Stash banking alternatives include SoFi Bank and Acorns.
You can also find more banking options in the marketplace.
Reviews
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