Credit Karma MoneyTM Spend

More bank for your bucks.

It’s free to open and easy to set up.
Plus, the benefits add up with direct deposit.1

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More perks for your paycheck.

Set up direct deposit in less than 3 minutes.

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*Requires one-time direct deposits of at least $750.
**Requires recurring, monthly direct deposits of at least $750.

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Raise a low credit score by an average of 21 points in 4 days.2

All while building your savings. No credit check.

Credit Builder3 requires a connected paycheck4 or a one-time direct deposit of at least $750.

Get no-fee overdraft coverage.5

Cover an unexpected charge with $20 in overdraft coverage. No fees. No interest. No credit check.

Overdraft coverage requires recurring, monthly direct deposits of at least $750.

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Get your paycheck up to 2 days early and federal benefits up to 5 days early.6

Make smart moves with your money.

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Track and pay your bills in one place with personalized tips to help protect your credit score.

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Get real-time transaction and balance alerts.

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No fees at over 55,000 ATM locations nationwide.7

Plus with direct deposit, get access to your funds in as little as 1 business day when you transfer into your account.8

Boost your savings and earn a 5.10% APY9 with a Credit Karma Money Save Account.10


Are Credit Karma Money™ Spend accounts really free to open?

A Credit Karma Money Spend account is 100% free to open, with no minimum balance requirements to open. Plus, there are no inactivity fees. No annual fees. And no monthly maintenance fees.11

The Credit Karma Visa® Debit Card12 can be used for free withdrawals from a network of over 55,000 ATMs in the Allpoint® ATM network. Heads up that you may be charged a third-party fee if you use an ATM outside the Allpoint® network. Though Credit Karma does not directly charge this fee, it will show up in your account transaction history

If you use your card to transact in foreign currencies, you’ll be charged a 1% fee of the total purchase by Visa for each transaction. This Visa International Card Fee is charged by Visa and not by Credit Karma.

How does Credit Karma Money™ Spend work?

Credit Karma is not a bank. We partner with MVB Bank, Inc., Member FDIC, to provide banking services supporting Credit Karma Money Spend and Credit Karma Money Save accounts.

When you open a Credit Karma Money Spend account, your funds will be deposited into an account at MVB Bank, Inc. and its deposit network. MVB Bank, Inc. is a member of the Federal Deposit Insurance Corp., and funds in your Spend account are FDIC-insured up to $5,000,000.

You can use your Spend account for electronic payments and make everyday transactions with your Credit Karma Visa® Debit Card. You can also deposit money from your Credit Karma Money Save account directly through the Money section of your Credit Karma account. Currently, the account can’t accept deposits made with cash, paper checks or foreign currency.

Do I need to enroll in Direct Deposit to get access to account benefits?

Certain account features require you to be enrolled in direct deposit with a minimum deposit amount of $750 per calendar month. A direct deposit is an electronic deposit of compensation for services (such as payroll, salary, or government benefits) totaling at least $750 per calendar month made into your Credit Karma Money Spend account. Person to person transfers, transfers from one account to another or from other financial institutions and Instant Transfers (including Instant Transfers for Earned Wage Access) are not considered direct deposits.

What happens if I overdraft my checking account?

If overdraft is activated, you will not be charged overdraft fees up to $20 on your checking account. Transactions will be declined for any purchases that exceed the activated overdraft amount.

Which ATMs can I use with my Credit Karma Visa® Debit Card?

With your Credit Karma Money™ Spend account, you have fee-free access to more than 55,000 Allpoint® ATMs with unlimited free withdrawals. These ATMs are conveniently located at select participating retailers like CVS Pharmacy®, Target® and Walgreens®. Please refer to the ATM locator in the Credit Karma app or at to find the closest ATM near you

All product names, logos, brands, and other trademarks are the property of their respective trademark holders.

How does Credit Karma Money™ Save work?

Credit Karma uses a network of banks to provide a 100% free interest-bearing savings account with no fees. The balance in your Credit Karma Money Save account is eligible for FDIC insurance up to $5,000,000.

There’s never a minimum balance to open and maintain a Credit Karma Money Save account, and there are no hidden fees. And as long as you have at least $0.01 in your Save account, you can start earning interest today.

How do I open a Credit Karma Money™ Save account?

To open a free, FDIC-insured Credit Karma Money Save account, you’ll first need to have a Credit Karma account. You can then open a savings account through the Credit Karma app on your mobile device or desktop.

How can I earn cash back on my purchases?

You can earn cash back13 on select everyday debit purchases with your Credit Karma Visa® Debit Card! Earn cash back rewards at participating retailers large and small. There’s no minimum for payout and no extra steps to start earning.

Have more questions?

Check out FAQs for Credit Karma Money™ Spend and Credit Karma Money™ Save.

Editorial Note: Credit Karma receives compensation from third-party advertisers, but that doesn’t affect our editors’ opinions. Our marketing partners don’t review, approve or endorse our editorial content. It’s accurate to the best of our knowledge when it’s posted. Read our Editorial Guidelines to learn more about our team.

Banking services for Credit Karma Money accounts are provided by MVB Bank, Inc, Member FDIC. Maximum balance and transfer limits apply per account. Credit Builder is not provided by MVB Bank.

1Direct deposit(s)  are electronic deposits of compensation for services (such as payroll, salary, or government benefits) made into your Credit Karma Money Spend account. Person to person transfers, transfers from one account to another or from other financial institutions and Instant Transfers (including Instant Transfers for Earned Wage Access) are not considered direct deposits. 

2Members with a TransUnion credit score of 619 or below who opened a Credit Builder plan and had it reported on their TransUnion report saw an average credit score increase of 21 points in 4 days of activating the plan. Late payments and other factors can have a negative impact on your score, including activity with your other credit accounts.

3Connecting a paycheck or direct depositing a one-time total of at least $750 in a single calendar month is required for activation. Your connected paycheck or direct deposit(s) must be received in the 2 calendar months prior to application or within a calendar month 90 days after application submission to activate your plan. Credit Builder plan requires you to open a line of credit and a savings account, both provided by Cross River Bank, Member FDIC. Credit Builder is serviced by Credit Karma Credit Builder. Members with a TransUnion credit score of 619 or below at the time of application may be promoted to apply for Credit Builder. If your score increases over 619, you may no longer see these prompts. 

4We partner with Pinwheel to securely  connect you with thousands of payroll providers.

5Direct deposits of at least $750 into your Spend account per calendar month to be eligible. No fee to use. Discontinue any time. Overdraft Coverage allows us to consider paying your ACH, debit card and ATM transactions that would have otherwise declined due to insufficient funds. Your next deposit will be automatically applied to your negative balance. Overdraft coverage does not apply for bill payments through the Credit Karma platform. Limits may change daily. Use responsibly. Learn more here.

6Early access to paycheck or federal government benefits is compared to standard electronic deposit and is dependent on and subject to payor submitting payroll or benefit payment information to the bank before release date. Payor may not submit payment information early.

7Free withdrawals available at ATMs in the Allpoint® network. Fees may apply for ATM transactions outside this network.

8To be eligible you must meet the recurring, monthly $750 direct deposit requirement. ACH transfer times are faster as compared to our standard transfer time, which is up to 3 business days after ACH settlement. Access to faster transfer times is subject to transaction amounts and other risk-based factors determined by Credit Karma Money using internal confidential information, including your account history. 

9The Annual Percentage Yield (APY) shown is current as of 03/01/2024. This rate is variable and may change.  No minimum deposit to open account. Balance must be at least $0.01 to earn APY. A maximum of 6 withdrawals per monthly statement cycle may apply.

10A maximum of 6 withdrawals per monthly savings statement cycle may apply.

11Third-party fees may apply. Please see Spend Account Terms & Disclosures for more information.

12Credit Karma Visa® Debit Card issued by MVB Bank, Inc., Member FDIC, pursuant to a license from Visa U.S.A. Inc. Visa terms and conditions apply.

13Restrictions may apply. Purchases made with your Credit Karma Visa® debit card only. Check your Spend account for cash back feature. Cash back amounts vary based on participating merchants and are subject to change. Cash back rewards may take up to 45 days to be deposited into your account. Cash back rewards program powered by Dosh.