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.

It will depend on which account you choose.

The Free account is…FREE!

With the Friends account it could be nothing. You can waive the monthly $9 fee if you simply make 15 purchases with your mphCard.

The First account is…FREE!

The Fresh account is $9 month.

Compare all four mph.bank accounts here

mph.bank’s routing number is 242272324.

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

Yes. If you choose the Friends account, you could refer friends and earn for each person, up to six degrees of connections while you sleep, every month.² Try our calculator and see how much you can make.

2 There is a $9/month fee for the Friends account which is automatically waived the first month the account is opened, and the next full month. This fee will be waived each month there are 15 posted mphCard purchases by the last business day of the month. The Friends account has Monthly Referral Rewards. You will get paid one dollar ($1.00) each month, for each verified account you refer, and their connections (up to 6,) if you, and they, have at least 15 mphCard purchases post to the respective account(s) by the last business day of the month. Each member is limited to earning $8,500 in referral rewards per month, regardless of the number of people you have referred, or they have referred. The referral code you create is what links the new account to you. If the new member does not type in your code correctly, you will not get credit. See Truth in Savings Disclosure for full terms and conditions. Customer information is private so we will not be able to share with you the names of those who have opened an account using your code.

At mph.bank, we decided to create a bank that gives value to our customers instead of buying expensive media, building swanky branches with coffee bars, or sponsoring professional sports stadiums.

We give those dollars to you.

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.

You have four account choices. Pick the option that fits you best.

1. free – No fees high-interest checking account:
   – Earn 5.00%APY* when you set up direct deposit.
   – Earn 3.00%APY¹ with add-on goals savings accounts (with or without direct deposit).
2. friends – A checking account with a generous rewards program for referring friends.
3. first – Are you 10-18 years old? Do you have a child that you want to learn financial literacy? This account is for you.
4. fresh – Have you been reported by ChexSystems? Try the Fresh account. We are ready to help

Compare mph.bank accounts

* Free accounts earn 5.00%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.

1 Goals accounts earn 3.00%APY (APY stands for Annual Percentage Yield).
All deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B. Member FDIC.

If you have a mph.bank Free or First checking account you can add multiple “Goals” savings accounts, and name them yourself. The balances in Goals accounts earn 3.00%APY†.

Go ahead, and save for that new guitar, bike, car, home, or whatever!

† Goals accounts earn 3.00%APY (APY stands for Annual Percentage Yield).
All deposit products are provided by, and mph.bank is a brand of, Liberty Savings Bank, F.S.B. Member FDIC.

mph.bank has multiple “Checking” accounts to choose from. Compare the features for each account.

Of course. If you have a Free or First checking account, you can create a custom Sparky “Goals” account to save up for your new puppy! (Hint: Set up “Round-up” to reach your goal faster!)

Easy peasy. Use your mphCard for Amazon, Netflix, Hulu, your morning coffee, or when you buy groceries. Simply do what you normally do. The average person makes 68 payments per month, and 23 are debit card purchases. Better yet, mph.bank gives you a hand with features like mphCard instaPay and mphCard onFile making your 15 debits a no-brainer.