The best online bank of 2020 is now even better.

Radius is now

The best online bank of 2020 is now even better. Radius has joined America’s largest personal loan company to offer our members access to fair credit, competitive rates, and the financial tools to help you get out of debt and make the most of your money.

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6 Reasons Why Radius is the Best Online Bank

Radius debit card

Sometimes you might just feel like sticking to what you have, we get it – it’s easy. But, what if you found out that you are missing out on some pretty major benefits and it would only take you 3 minutes to start enjoying them?  

Radius has been named Best Online Bank for 2020 because it offers the best for their clients, read on to learn why so many clients are switching to Radius.

1. Unlimited Cash Back

Get cash back with online and signature-based “credit” transactions made with a Radius debit card. On all transactions, you will receive 1.00% cash back. Our average customer earns $40 per month in cash back rewards. That adds up to an extra $480 a year. Cha-ching!2

2. Free ATMs Worldwide

Need cash in a pinch? With Radius, you don’t have to worry about going out of your way to find the right ATM. We won’t charge a fee, and we rebate ATM fees charged by other banks, worldwide. Get unlimited ATM fee rebates and save over $300 this year!3

3. Interest-Earning

Earn more than the national average. Earn 0.10% APY on balances of $2,500 – $99,999.99 and 0.15% APY on balances of $100,000 & up. Make more money on your money.4

4. No monthly maintenance fees

It’s your money, you shouldn’t have to pay to use it. Unlike other banks, Radius does not charge monthly service fees. Switching to Radius from a traditional bank has saved people over $150 a year in maintenance fees alone. Sounds like a no brainer, right?

5. Early Direct Deposit

We know you work hard to earn your money. That’s why we want to get it to you faster. Set up direct deposit into your Radius account and you’re eligible to receive your money up to 2 days earlier. We will deposit your money in your bank account as soon as we receive the direct deposit notification from your employer. That means if your coworkers get paid on Friday, we get notified on Wednesday so you can get your money faster.

6. US based customer service

Our US-based Customer Service team is available by your channel of choice: chat, phone or email 24/7.  Our clients rave about our customer service team.  A friendly member of our team will be able to answer any question or concern within minutes.  No long wait times or automated systems…real people with real answers. It’s like having a community bank with you anywhere you go.

Are you convinced it’s time to make the switch? Open an account today!

2 The Debit Card Rewards Program (Cash Back Rewards) will provide 1.00% cash-back on all Qualified Purchases made by eligible Rewards Checking account holders if the account holder does any of the following; meet the requirements, is grandfathered in, or keeps an average balance of $2,500 or greater within the calendar month in their Rewards Checking Account, or receives total deposits of $2,500 or more in their Rewards Checking account via qualifying Direct Deposit within the month. Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. Radius Bank may require documentation to verify that credits are Qualifying Direct Deposits. To qualify for being grandfathered in, the account holder must have opened a Rewards Checking account before 9/4/2019. If all qualifying accounts are closed, the client will forfeit their eligibility to be grandfathered in. If grandfathered in, account holders may qualify for the Debit Card Rewards Program if they keep an average balance of $1,000 or greater within the month in their Rewards Checking Account, receive funds in their Radius account via qualifying Direct Deposit, or have an average combined balance of all Rewards Checking and Radius High-Yield Savings accounts of $5,000 or more within the month. The value of this reward may constitute taxable income to you. You may be issued an Internal Revenue Service Form 1099 (or other appropriate form) to you that reflects the value of such reward. Please consult your tax adviser, as Radius Bank does not provide tax advice. Qualified Purchases include signature-based purchases made with a Radius Bank Debit Card tied to a Rewards Checking account enrolled in the Debit Card Rewards program. These are “credit” purchases that can be made in stores and online. To make a signature-based purchase, select “credit” rather than debit at point-of-sale kiosks. The “credit” option is most often pre-selected when making purchases online using a debit card. Online subscription payments may not be considered signature-based purchases. The payment transaction type (signature-based or other) is ultimately decided by the merchant and how the transaction is transmitted to Radius Bank at the time of processing. We reserve the right to determine if a transaction was a Qualified Purchase, and to establish additional types of Qualified Purchases that could be made available in a variety of ways. Any goods or services purchased with the Radius Bank Debit Card that are returned or otherwise credited to your Account are not qualified purchases. Unlawful purchases and purchases of currency, cash or cash equivalents (including, without limitation, currency from the U.S. Mint, Travelers Cheques, gift cards, Cryptocurrency, Casino Chips, Peer to Peer Payments, prepaid debit cards, account openings, loan payments, or other cash equivalents) made with your Radius Bank Debit Card are not Qualified Purchases. We may require you to provide documentation to validate that certain purchases are Qualified Purchases. Radius Bank reserves the right to modify or discontinue this program at any time. Your enrolled account must remain open, active, and in good standing to participate in the program, meaning: No NSF (non-sufficient funds) items during the preceding twelve calendar months in your checking account (regardless of the type of checking account). An eFunds check must show no negative history in the preceding twelve months and all monthly servicing fees must have been paid in full for the 12 preceding months. Radius Bank reserves the right to modify the description of “good standing” at any time. If you or the Bank closes your account for any reason before the end of the statement cycle, you will forfeit all rewards accrued through your linked Debit Card during that statement cycle.

3Get unlimited automatic ATM surcharge rebates for ATM fees other banks charge you. ATM surcharge rebates apply to cash withdrawals from a Rewards Checking, Champion Checking, or Hybrid Checking account using the Radius debit card wherever it is accepted. Radius Bank does not charge a fee for using another bank’s ATM. ATM fees will be rebated at the end of each statement cycle. Excludes international exchange fees. Radius Bank makes its best effort to identify those ATM fees eligible for rebate. In the event that you have not received a rebate for a fee you believe is eligible, please contact Customer Service at 800.242.0272. Radius Bank reserves the right to modify or discontinue the ATM surcharge rebate program at any time.

4 Rewards Checking is a free checking account with no monthly maintenance fee and no minimum balance requirement after $100.00 to open the account and is FDIC-insured up to the maximum allowed. Annual Percentage Yield (APY) accurate as of 04/12/2021. Minimum amount to open account is $100.00. Rate tiers are as follows: 0.00% APY applies to balances of $0.01–$2,499.99, 0.10% APY applies to the entire balance on balances of $2,500.00-$99,999.99, and 0.15% APY applies to the entire balance of $100,000.00 or more. Rates may change after account is opened. Fees may reduce earnings.

About the author

Kathleen Barrett

As the Vice President of Marketing at Radius, Kathleen has had experience in the financial services industry for over ten years. Ten years ago, while working for a non-profit focused on helping consumers work their way to financial freedom, Kathleen found her passion for financial education. Her current role puts her at the forefront of online banking trends, allowing her to share her expert advice for your personal financial needs.