Frequently Asked
Questions

MPH.bank stands for Makes – People – Happy.

We do that in a variety of ways:

• Five accounts. You pick your favorite.
• Your own “contactless” debit card. Your name, your debit card number, and…a smile.
• Personalized dashboard. Keep it basic, or change it to make it fit you.
• 1.00%APY on your Goals savings account balances†. Go ahead, save for that new guitar, bike, car, home, or whatever!
• Round-Up Widget. A simple way to save that puts you in control.
• Your money snapshot. See all your finances on one page. “Plan” for your future.
• Zelle, Venmo, or Paypal. Easily split the bill with your friends.
• 55,000 Free Allpoint ATMS. Your cash is never far away.

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.

The Future account is…FREE!

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. Refer friends and you could earn for each person, up to six degrees of connections while you sleep, every month*.

Try our calculator and see how much you can make.

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) is the first step to financial success.

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

We offer Zelle 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.

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

1. free – No fees account
2. friends – An 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
5. future – A savings account that delivers 4.25%APY ^†† on your balance.

Compare mph.bank accounts

^† † Future accounts earn 4.25%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.

An mph.bank “Spend” account is similar to a “checking” account. We don’t call it a checking account because we provide a state-of-the-art mphCard instead of old-fashioned paper checks.

If you have a mph.bank “Spend” checking account you can add multiple “Goals” savings accounts, and name them yourself. The balances in Goals accounts earn 1.00%APY†.

mph.bank also has a “Future” account which earns 4.25%APY^††.

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

† Goals accounts earn 1.00%APY (APY stands for Annual Percentage Yield).
^† † Future accounts earn 4.25%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 “Spend” accounts to choose from which are similar to “checking” accounts. Compare the features for each account.

Of course. 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.