Frequently Asked
Questions

MPH.bank stands for Makes – People – Happy.

We believe in “Save First, Spend Smarter”. This approach isn’t just practical, it empowers you to achieve financial freedom and the happiness that comes with it.

You can open a mph.bank account with as little as a $0.00 opening balance. Your balance is available to you as soon you get confirmation that your new mph.bank account is opened.

The Free account is…FREE!

mph.bank’s routing number is 242272324.

This is the same routing number for Liberty Savings Bank accounts that are opened online.

Credit cards can be bad

• Credit cards carry 14%-21% interest rates on unpaid bills. This is bad debt.
• 44% of people carry an unpaid credit card balance.
• The cost of a credit card is high! The average U.S. cardholder spends $753.80 each year in interest charges.

Debit cards are simpler and better

• With a debit card, you don’t get an annoying bill at the end of the month.
• mph.bank does not have overdraft fees or finance charges. You can only buy what you can afford.

Transitioning from using credit cards (spending money you are borrowing) to using a debit card (spending money you have) can be helpful.

Source: https://www.cardrates.com/advice/number-of-credit-card-transactions-per-day-year/

We offer Zelle³ with mph.bank. It is easy to use with no new apps or accounts needed. You can also use Venmo or Paypal with your mph.bank account if you like.

3 Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.

No fee high-interest checking account
– Earn 4.00%APY* when you set up direct deposit.

* Free accounts earn 4.00%APY (APY stands for Annual Percentage Yield) up to $50,000 in account deposits. Requires $2,000+ monthly direct deposit to qualify. All deposits in your checking account over $50,000 will receive 0.00%APY.

All deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B. Member FDIC.

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