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Spruce is a new fintech app from H&R Block with banking services provided by Pathward NA, member FDIC. They are currently offering a $100 referral bonus if you activate their debit card and complete a qualifying direct deposit of at least $200 within your first 45 days of opening an account. Offer expires 4/15/26. Spruce promises “budgeting tools, automatic saving options, and financial insights that help you be good with money.” Other features:

• No minimum balance. No minimum opening deposit.
• No credit check on application.
• 3.50% APY savings account
• Debit card with “roundup” feature.
• Fee-free ATM withdrawals within the 55,000+ Allpoint ATM network.
• Early Paycheck: Get paid up to two days early with direct deposit.
• Mobile check deposit.
• Early Tax Refund: Get your federal tax refund up to 5 days early.

The application for this one was pretty easy, I didn’t have to do any selfies or ID pictures. Confirmed no credit check. Debit card is in the mail. Should be simple for those that have payroll websites/apps where you can split and/or switch your direct deposits easily. Thanks if you use my link.

After the Synapse/Yotta/Juno collapse, I no longer recommend maintaining significant balances in a fintech, even if the interest rate is very competitive. However, I still take advantage of some short-term bonuses from crypto and fintechs (that’s where the VC money goes into “aggressive customer acquisition” 🤑).