The listings featured on this site are from companies from which this site receives compensation. This may influence where, how and in what order such listings appear on this site

Wealthfront Review

Earn over 5X the national average in interest

Reviews 11
Reviews 11
Visit Site
Michael Graw
Nov. 15, 2022
1 min read
Michael Graw
WealthFront Summary
Wealthfront is an online investment and banking platform founded in 2008. Wealthfront’s Cash account offers 0.35% APY interest with a $1 minimum deposit. There is no monthly account fee and no minimum account balance, and you get access to 19,000 ATMs across the US and unlimited transfers. Wealthfront Cash comes with a debit card and supports mobile payments through a variety of popular apps like Google Pay, Apple Pay, Venmo, and PayPal.


  • Earn 0.35% APY interest
  • No monthly account fee
  • Supports Apple Pay and Google Pay


  • No reimbursement for out-of-network ATMs
  • Doesn’t support cash deposits

WealthFront WealthFront Visit Wealthfront

Advantages Over Traditional Banks

The Wealthfront Cash account offers 0.35% APY interest, which is more than 10 times the national average according to the FDIC. The account is completely fee-free and you don’t have to worry about maintaining a minimum balance to qualify for interest. Wealthfront also provides $1 million in FDIC insurance, while most traditional banks only provide $250,000.

Another plus to the Cash account is that you can access your paycheck 2 days early if you use direct deposit. Wealthfront will simply front you the money at no charge, even before the deposit is fully processed. 

You can make unlimited transfers between your accounts at Wealthfront or to other bank accounts. Your account includes a debit card that can be used fee-free at 19,000 ATMs across the US. Wealthfront doesn’t charge overdraft fees if you spend too much money on your debit card.

Cutting-Edge Banking Services

You can control your Wealthfront Cash account through an online platform or the Wealthfront mobile app. The app supports mobile check deposits and bill pay, so you can send physical checks directly from your online account. In addition, you can integrate your Cash account with PayPal, Venmo, Cash App, Google Pay, or Apple Pay for seamless electronic payments.

Traditional Banking Services 

Wealthfront Cash includes a debit card that you can use at any of 19,000 ATMs across the US. Note that you will not be reimbursed for fees at ATMs outside of Wealthfront’s network. The debit card doesn’t offer rewards for spending, and Wealthfront does not have a credit card available. Wealthfront offers unlimited free transfers and FDIC insurance up to $1 million.

Interest Rates and Fees

The Wealthfront Cash account offers interest of 0.35% APY, which is more than 10 times the national average according to the FDIC. You must deposit $1 to open an account, but there is no minimum balance required to earn interest. The Cash account doesn’t have monthly or overdraft fees. 

Interest rate0.35% APY
Monthly fee$0
Overdraft fee$0
Minimum deposit$1

Customer Service

Wealthfront offers customer support by phone or email from 7 AM to 5 PM (PT) Monday to Friday. The company typically answers emails within 24 hours during the business week.

Mobile App

The Wealthfront mobile app gives you complete control over your checking account. You can use the mobile app to initiate transfers, pay bills, or search your recent debit card transactions. You can also link your account to payment apps like PayPal, Venmo, Cash App, Google Pay, and Apple Pay. The mobile app also includes an ATM finder that you can use to find fee-free ATMs in your area.


Wealthfront actively monitors your account and can temporarily freeze your account and send you an SMS alert if suspicious activity is detected. You can also lock and unlock your debit card at any time using the Wealthfront mobile app. Your online account is protected with two-factor authentication and verification is required every time you log in from a new device.

WealthFront WealthFront Visit Wealthfront


The Wealthfront Cash account is a fee-free checking account that offers 0.35% APY interest. You can access your account online or through the Wealthfront app and integrate with apps like Venmo, PayPal, Cash App, Google Pay, and Apple Pay for seamless transactions. You only need $1 to open a Wealthfront Cash account and there is no minimum account balance required to earn interest or avoid monthly fees.


This review was created using information from Wealthfront’s website.

Michael Graw
Written by
Michael 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.‎
Top Online Banking
Read Review|Visit Site
Read all reviews

Must Reads

How Banks Are Building Trust with Customers in 2023
Dec. 06, 2023
What Is a Savings Account and How Does it Work?
Dec. 06, 2023
How to Choose the Right Online Bank for You
Dec. 06, 2023
Read all articles
Trustpilot reviews
See what some customers are saying about WealthFront
Reviews 11
dee perez
3 months ago
What is up with these trustpilot…
What is up with these trustpilot ratings? I’ve been an account holder for years and I’ve plowed even more money into my account due to the high interest rates. Their customer service is amazing. Maybe it’s the fact that I have a certain threshold but they’re great! I love the high rates, the super cool app, and great customer service. How cool is that I can call someone at this tech company and get an answer faster than my Merril reps?! Who said tech is just AI?!
bruce brower
5 months ago
Beware, the company looks like a scam! I made a deposit of $3,000, I didn't like the product. I decided to withdraw money to the bank. Сompany has blocked my account. I wrote 3 inquiries to support. There is no response. I called 2 times, and support resets the call!!! Request #1169837
valadev dove
6 months ago
Account access
I encountered a funding problem and attempted to log in to address it, but I discovered that my account access was restricted. Despite reaching out to the support team via email on their website, I have not received any response since June 13th. This is unacceptable. Communication has been lacking for five days now, and the service has fallen short of expectations.
dr. akuete
6 months ago
Absolutely one of the worst…
Absolutely one of the worst experiences. I initially signed on because I heard it was a good program with ability to tax harvest and when I set up account I accidently inputted wrong account to fund it and when I realized I did when I tried to log in to enter my newer account to fund the account my access was locked. I called and emailed many times over the next few months with no response then randomly I decided let me try one last time and then I was finally able to speak with someone and was told I was barred from having an account and there was no other information. I asked would they be sending a letter to explain or was there a manager or supervisor who would be able to explain and they said no and hung up. That was it.
linda greiner
6 months ago
I wish I could rate them 0
I wish I could rate them 0, very poor indeed, "AssetsPIusbiz" is the best.
hoko le
6 months ago
Vanguards is better
Vanguards is better. The return is about 8% more with the same stocks. They're taking money from your returns.
7 months ago
DO NOT put your money in this bank.
they do not care about their customers at all, they do nothing to help protect your money. also, if you invest with them you'll prob lose hundreds like I have.
top dogg
2 years ago
Former Wealthfront Client
I was a client of Wealthfront for over five years. The service provided by Wealthfront was excellent, and I made money investing with Wealthfront. Nevertheless, I transferred my account to another brokerage account when I learned that Wealthfront partnered with Green Dot Bank (a one-star rating on Trustpilot). Seriously, Green Dot Bank? I knew it was time to transfer my account because they weren't a robo-advisor who placed their customer's interests above their own. That said, I recently read that UBS, a bank with assets under management of $3.3 trillion, will acquire Wealthfront. When this event occurs, then I would consider investing with Wealthfront.
3 years ago
Decent, New partnership is not good...
Decent for complete hands off investing, but don't expect much of a return. New partnership with Green Dot Bank is not good. The bank also goes by multiple names, like University National Bank (?). I agree with the review below that the Portfolios are not aggressive (even with the max tolerance) and fees definitely feel excessive for a hands off approach. Heading somewhere that has my best interest in mind.
4 years ago
Not bas
Not bad. The set top takes a long time
4 years ago
Even the most aggressive portfolio…
Even the most aggressive portfolio allocation offered isn't aggressive enough for my preferences, given I'm early in my career and a long way off from retirement. I'd recommend Vanguard ETFs over this option. Fees also feel excessive.