There’s no doubt that the Porte debit card offers a range of benefits for those seeking a new banking service. If you use your Porte debit card frequently, you could find yourself donating a substantial sum to charity, and it won’t cost you anything. You don’t have to pay any monthly fees to maintain access to your account, although you may need to pay a fee if you go overdrawn and can’t repay the overdrawn amount quickly.
The ability to get paid early has drawn many customers to the Porte debit card. As long as you get paid through direct deposit, you could get access to your hard-earned money up to 48 hours early. The rewards scheme may also be appealing to you if you shop with one of the partnered retailers. If not of these retailers appeal, then it may be best to look elsewhere for another checking account offering rewards.
Although its possible to make cash deposits, this will cost you, so it’s best to only do this when absolutely necessary. Porte will charge you less for going overdrawn than many other financial services, who tend to charge around $35. This is almost twice as much as you’ll be charged by Porte. Porte may also benefit you if you’re seeking a high-yield savings account offering a generous interest rate.
Unfortunately, you won’t be able to open a joint account with Porte. This could cause you to look elsewhere if you’re looking for a banking service for you and your partner. It’s also important to not that you won’t be able to write checks with Porte either. However, these can be deposited with the app. Another drawback is that there is no online chat or physical branch to go into. If you need to speak to a member of the Porte team, you’ll have to give them a call once you’re a customer.
All in all, Porte does offer a range of appealing benefits, but it’s essential to be aware of the drawbacks before you go ahead and sign up for an account.