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Hatchcard Review

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Michael Graw
Michael Graw
May. 03, 20214 min read

Hatch summary

The Hatch small business checking account enables you to manage your business’s cash flow with no minimum deposit, balance, or transaction requirements. There are no fees for transferring money or sending checks electronically. Hatch offers unlimited ATM withdrawals at over 55,000 ATMs, Hatch Perks, which are discounts with leading business services, and up to 5% cash back on select purchases. You can open an account within one business day.


  • No minimum deposit or monthly balance
  • Up to 5% cash back on purchases
  • Hatch Perks: discounts with leading business services


  • $10 monthly account fee
  • Cash back only on select purchase types
Hatchat a glance

Editorial score


Yes, low fees



FDIC insured, SSL/AES encription and supports 2 factor and biometric authentication


Customer service

Customer service during extended business hours


Online experience

Excellent user friendly site with transparency of rates and full online banking capabilities


Mobile experience

Excellent mobile app with all mobile banking features enabled, including digital check deposits


Advantages Over Traditional Banks 

Hatch is designed to help small business owners on the go manage their money without unnecessary fees. The Hatch business checking account doesn’t require a minimum deposit, balance, or monthly transaction volume. It’s also fast and easy to open, with no credit check required. In addition, there are no fees if you overdraw your account by up to $50.

Hatch also offers rewards that can cut your business’s costs. The Hatch debit card offers 5% cash back on car rentals, 4% on hotels and dining, 3% on business vendor spending, and 1% on gas. You also get Hatch Perks, which are discounts with leading business services. Some examples of Hatch Perks are an immediate $300 in free Yelp ad credits, $200 in Indeed credits, and $3000 in free processing fees on Square.

Cutting-Edge Banking Services

The Hatch checking account enables you to send checks straight from your online dashboard or the Hatch mobile app for free, up to 5 times per month. ACH transfers are also free and unlimited and can be initiated from your smartphone. You can also link your Hatch debit card to Apple Pay or Google Pay and monitor all your transactions from the Hatch app.

Traditional Banking Services

Hatch offers unlimited ATM withdrawals for their users from a network of more than 55,000 ATMs. 

Interest Rates and Fees 

Hatch charges a monthly account fee of $10, but it doesn’t require you to jump through hoops to maintain your account. There’s no minimum deposit required to open an account and there are no monthly balance or transaction volume criteria to hit. Hatch also waives NSF fees (overdraft fees) if you overspend on your account by up to $50. ACH transfers are always free and you get 5 free electronic checks per month.

Hatch also offers a 90-day free trial. So, you’re free to try out the checking account for 3 months and receive your account fees back if you’re not satisfied.

Account fee$10/month
Minimum balanceNone
NSF feeNone
ACH transfersFree
ATM withdrawalsFree
Electronic checks5 free per month, then $1 each

Customer Service

Hatch offers customer support by phone and email. You can call from 6 am to 5 pm (PT) Monday to Friday. If you send an email, Hatch’s support team will respond within 24 hours, Monday to Friday.

Mobile App 

Hatch offers a mobile app for iOS and Android devices. The app enables you to initiate ACH and electronic check transfers and track your debit card transactions. You can also find nearby in-network ATMs and businesses where you’re eligible for cashback rewards. The Hatch app also enables you to view and claim discounts on services participating in the Hatch Perks program.


Hatch checking accounts are FDIC-insured through LendingClub Bank. Your debit card comes with Mastercard ID Theft Protection, which gives you access to identity monitoring and fraud resolution services. You can also lock your debit card in seconds through the Hatch mobile app or online dashboard if it’s ever lost or stolen.


Hatch offers a small business checking account with a $10 monthly fee and no minimum deposit, balance, or transaction volume requirements. NSF fees are waived when you overdraw your account by up to $50 and you get 5 free electronic checks per month. Hatch offers unlimited free ATM withdrawals for its users. Your account includes Hatch Perks discounts with popular business services and up to 5% cash back on eligible purchases. You can try Hatch for free for 90 days.


This review was created using information from the Hatch website.

Michael Graw
Written byMichael Graw

Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

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