Our Difference

Community-driven banking with a focus on transparency.

Rethinking banking from the ground up.

No overdraft fees and no minimum balance charges, ever. Yes, you read that right. With Meed, you won’t be nickel and dimed for essential money management tools. But don’t just take our word for it, see for yourself.

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No Overdraft Fees

The average insufficient fund fee is $34 and, in 2017 alone, US bank customers paid over $34 billion in these fees. We saw this as an opportunity to make a difference with Meed. That’s why we’ve ditched overdrafts, and overdraft fees, and replaced them with a secured line of credit. If you make a purchase your checking account can’t cover, your credit line will kick in, so you won’t be hit with a hefty overdraft fee.

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No Minimum Balance
Fees

We think fining Members who keep a lower balance in their accounts is about as backwards as the banking industry gets. That’s why our accounts come with no minimum balance requirements. Meed Members pay only a $9.95 monthly subscription for the full suite of Meed services, no matter how much is in their accounts.

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No Fees on In-
Network Transactions

Whether you’re paying a friend back for lunch or putting money into your savings, managing and moving your money shouldn’t come with a price tag. With Meed, fund transfers between your accounts or to other Meed Members are always fast, secure, unlimited and included in your monthly subscription.

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Our Small Print

With Meed, there are no hidden fees and just about everything you’ll need to manage your money is included in your $9.95 monthly subscription. You can also choose to use additional products or services that call for costs beyond your monthly subscription. That being said, any additional fees you may be charged are spelled out for you at the start of your subscription, not buried underneath ten layers of legal language.

You can’t always predict where life will take you, but we’ll be there no matter what. You can use your Meed debit card to access your account anywhere, anytime, but if you need to use an out-of-network ATM, there will probably be a small surcharge from the bank whose ATM you use.

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We’re all different—some of us want a fully online experience while others prefer the traditional side of things. While digital statements are included for every Member, if you’re a pen-and-paper person, you can request paper statements for your accounts for a small fee.

If you regularly send international money transfers, you know foreign exchange fees can get expensive. Depending on how you pay and the service you choose, you could pay 10% of your transfer amount or more in fees. With Meed, the most you’ll pay to send money abroad is 2%.

Whether you need to cover an unexpected expense or want to build your credit responsibly, we offer our Members secured lines of credit. Just like any other credit line, you may incur interest charges on your purchases.

  • Out-of-network ATM fees

    You can’t always predict where life will take you, but we’ll be there no matter what. You can use your Meed debit card to access your account anywhere, anytime, but if you need to use an out-of-network ATM, there will probably be a small surcharge from the bank whose ATM you use.

  • Paper statements
    Meed Docs Icon

    We’re all different—some of us want a fully online experience while others prefer the traditional side of things. While digital statements are included for every Member, if you’re a pen-and-paper person, you can request paper statements for your accounts for a small fee.

  • Foreign exchange

    If you regularly send international money transfers, you know foreign exchange fees can get expensive. Depending on how you pay and the service you choose, you could pay 10% of your transfer amount or more in fees. With Meed, the most you’ll pay to send money abroad is 2%.

  • Interest on credit purchases

    Whether you need to cover an unexpected expense or want to build your credit responsibly, we offer our Members secured lines of credit. Just like any other credit line, you may incur interest charges on your purchases.

Take control of your finances, without the nickel and diming.

We’re here to help you meet your financial goals. Whether you’re building your credit or starting a rainy day fund, you need your everyday banking tools to work as hard as you do. And it helps if those tools help put a little back in your pocket each month.

With Meed, you can manage, save and earn money, all in one app.

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  • Use your checking account and debit card to take care of bills, swipe at the supermarket and handle everyday expenses.
  • Send or receive money with unlimited P2P transfers within the Meed network at no additional charge.
  • Put a little, or a lot, away in your interest-bearing savings account and watch your funds grow.
  • Build your credit without touching your savings with a secured line of credit that lets you borrow up to 75% of your savings account funds.
  • Earn cash every month and connect to a global community through the first-of-its-kind SocialBoost program.
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