What Amount Do Bank Accounts and Payment Apps Charge?
Typical costs
| Fee | Typical cost |
|---|---|
| Monthly fee, online or fintech accounts | $0 |
| Monthly fee, traditional banks | $0 - $15 (often waivable) |
| Overdraft fee, traditional banks | $0 - $35 per overdraft |
| Out-of-network ATM | $2 - $5 (plus the ATM owner's fee) |
| Instant transfer out of a payment app | About 1% - 2%, with a minimum and maximum |
| Paying a friend with a credit card in a payment app | About 3% |
What to compare
- Whether the account has a monthly fee or minimum balance
- How overdrafts work and what they cost
- ATM network size and out-of-network fees
- Whether paychecks can arrive early by direct deposit
- Whether your balance is FDIC insured, directly or through a partner bank
Chime
Chime is an online banking app with no monthly fee on its standard checking account, and banking services are provided through partner banks. Features, fees, and eligibility change, so confirm the current terms. See Chime and the current sign-up offer. Offer terms apply.
Venmo
Venmo is a payment app for sending money to friends. Sending from a bank account or debit card is typically free, while credit card payments and instant transfers to your bank carry a fee. The Venmo Debit Card currently has a sign-up offer: $10 after you get the card and spend $50 within 30 days. See the Venmo offer. Terms apply.
Venmo is not a bank, so check how balances are held and protected. Fees and offers change, so confirm current details with each provider.
Disclosure: some links on this site may be affiliate links, meaning I may earn a commission if you buy through them, at no extra cost to you. See the full disclosure. Prices are typical ranges as of October 2026 and change often, so confirm current pricing with the provider before buying.