Free Digital Checking Account

The Liberty Savings Bank neo-bank - the is giving new customers a $100 bonus for opening one of their free accounts.

The only criterion for the incentive, which is available nationally, is that you get $500 in direct deposits each month. This is already a condition of the account.

securely on the bank's website

The offer is simple, and it pays off quickly - only 10 days after fulfilling the prerequisites.

The name stands for "makes people happy," and that is exactly what this neo-bank seeks to achieve by giving its clients financial autonomy.

Even though this fintech is quite new, its parent bank, Liberty Savings Bank, was established in 1889. As a result, is granted the opportunity to develop a digital solution using more than a century of banking expertise.

The $100 bonus from had previously had simpler requirements, but this one calls for you to fulfill them for an entire year. Many would reject the offer because of this alone, but if you're intrigued, you can, as the bonus is unquestionably big enough for such minimal requirements (even though the duration is lengthy).

The following four accounts are available from

  • Free Account – No fees account.
  • Friends Account – An account with a generous rewards program for referring friends.
  • First Account – Account for kids and young adults
  • Fresh Account – Account for those with issues with Chex systems and need a fresh start

The "Free Account" is the name of MPH's free online banking account. This account has access to 55,000 fee-free ATMs and has no monthly maintenance fees or overdraft charges.

The account does demand a minimum monthly direct transfer to your account of $500. It's a good free checking account overall.

The 'free' account from combines a checking and savings account into one. With it, you can use services like mobile check deposit and bill payment in addition to a digital spending account (checking account) with a contactless debit card. Additionally, you will have a "goals" account with money-saving options like the round-up widget.

The account does not have a monthly fee, but you must receive direct payments totaling at least $500 each month to open one.

Checking account details

Checking account fees

  • Monthly Fee
  • APY
    1.00% APY
  • Minimum Deposit to Open
  • Out-of-Network ATM Transaction Fee
  • Out-of-Network ATM Withdrawal Fee
  • Overdraft Fee
  • Non-Sufficient Funds Fee
  • Foreign Transaction Fee

Free Digital Checking Account FAQ

1. How Much Do I Need to Deposit to Start an Account With

You need a $0.00 initial balance to open an account with As soon as you receive notification that your new mph.a bank account has been opened, you can access your balance.

2. Does Support Zelle, Venmo, or Paypal?

They provide Zelle together with It is simple to use and doesn't require any new accounts or apps. If you'd like, you can also utilize your account with Venmo or Paypal.

3. It’s a Savings Account, Right?

You can add numerous "Goals" savings accounts and give them your names if you have an "Spend" checking account. Goals account balances yield 1.00% APY.

Additionally, offers a "Future" account that pays 4.60% APY.

4. Do They Charge Anything?

Depending on the account, yes.

For its other offerings, charges a $9 monthly membership fee. But you'll be able to make use of's advantages for free for a period of six months. Additionally, if you conduct 15 transactions each month or arrange a direct deposit of at least $500 per month, the fee may be avoided.

There aren't any overdraft charges, though. Additionally, there will be no fees for cash withdrawals at more than 55,000 ATMs.

5. How Do You Compare

There are more mobile-friendly banking options with a savings emphasis than Chime is an outstanding alternative. The fintech takes pride in its fee-free accounts and tempting APYs. You can find out more information about Chime here

6. Is It Secure and Safe?

A secure banking experience is provided by Both the website and the app include bank-level security features and 256-bit encryption.

The money in your bank accounts is also up to $250,000 covered. Liberty Savings Bank provides FDIC insurance. Overall, you should feel at ease using to make banking transactions.

7. How Can I Create An Account?

You must fill out the following:

  • Your email address
  • Your mobile phone's area code
  • Legally binding first and last name
  • Your physical location
  • Your birth date
  • The social security number
Check Out Other Products From MPH Bank
Bank Monthly Service Charge Minimum Deposit to Open APY
Free Digital Checking Account $0 $0 1.00% APY
Friends Referral Reward Checking Account $9 $0 0.00% APY
First Student Checking Account $0 $0 1.00% APY
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