Our fee schedule fits on one screen
We believe banking shouldn't cost you money just to exist. Here's how Ledgerline compares to typical banks.
| Ledgerline | Typical bank | |
|---|---|---|
| Monthly maintenance | $0 | $12 |
| Overdraft fee | $0 | $35 |
| ATM out-of-network | $0 | $2.50 |
| Wire transfer (domestic) | $0 | $15 |
| Account closure | $0 | $0 |
| Balance inquiry fee | $0 | $1 |
| Low balance fee | $0 | $5 |
| Insufficient funds | $0 | $35 |
| ACH return | $0 | $15 |
| Statements (paper) | $0 | $2 each |
| Card replacement | $0 | $15 |
| Savings account APY | 4.10% | 0.01% |
Fee questions, answered
Do I have to maintain a minimum balance?
No. Your checking account has zero minimum balance. Keep $1 or $100,000, we don't care. Your savings account also has no minimum to earn the full 4.10% APY.
What happens if I overdraft my account?
Our overdraft protection gives you a small cushion, free. We won't charge you a fee if you accidentally go negative for a few days. Once you're back in the black, you're fine.
How much can I transfer between my own accounts?
Transfers between your own Ledgerline accounts are unlimited and instant. We trust you with your own money.
Are there limits on how much I can send to other banks?
Your first transfer to a new bank is limited to $5,000 as a security measure. After that, the limit is $25,000 per day. Contact support to raise it higher.
Do you charge for the Ledgerline Card?
The card itself is free. No annual fee, no monthly fee. You only pay for what you spend, and you get unlimited benefits.
What if I close my account? Any penalties?
Close your account anytime, no questions asked, no early termination fee. If you have pending transactions, we'll process them first, then close everything out.