When you take out a large percentage of customers who had zero overdraft, the average on the remaining accounts that had at least one overdraft must be much higher. I read a report saying bank customers created average 7.4 overdrafts per account in 2011. Not possible to overdraft and no fees make it the best product for those who suffer from overdraft fees.
For most things people do with a checking account, Bluebird can do the same, in many ways even better. The feature-rich Bluebird account is indeed a good alternative to a checking account. As long as one can use bill payment, not having ACH debit may be actually desirable because you will never overdraft. Not allowing ACH debit blocks that as well. ACH debit is the remaining source of overdraft. When you write a pre-approved check, money is already set aside. The Bluebird account already blocks overdrafts on the card side. Many bank accounts just pay 0.01% if that. Use a different card or cash at those places. (2) Use at places that don’t take American Express. The alternative is to use bill payment from the Bluebird account. Some utilities and especially mortgage companies don’t accept cards but they will do auto-debit. What doesn’t the Bluebird card do that a regular checking account does? It has pretty much all the features you want for managing your money. The Bluebird account is marketed as replacement for checking accounts. Good features for managing accounts set up for kids and other family members. You can also transfer money from one Bluebird account to another person’s Bluebird account. You can have sub-accounts and transfer between them and the main account. If you are using Bluebird for budgeting, this allows you to add money from your bank to Bluebird or transfer from Bluebird to your bank account easily. The link between the Bluebird account and a regular checking account is both ways and free.
Where is my bluebird app free#
Bill Paymentīluebird card supports free bill payment just like online banking in a regular checking account except it doesn’t support scheduling recurring payments. If your own bank doesn’t offer mobile check deposit, you can deposit the check to Bluebird before withdrawing to your bank account.
With Bluebird you can deposit a check by taking a picture of it with a smartphone. This can be useful when you are traveling outside your own bank’s territory but you can find a Walmart or MoneyPass ATM nearby. Free ATM Withdrawalsīluebird gives free ATM withdrawals from ATMs in the MoneyPass network if the user has direct deposit, which can be done by a scheduled recurring monthly transfer from a bank account. It’s a good feature for someone who’s paid cash for what they do. Walmart is open in evenings and on weekends. Add Cash at WalmartĪdding cash to the Bluebird account at Walmart is free. A key benefit of it is that it will never overdraft. American Express is offering a new checking account and debit card alternative with Walmart called Bluebird.