About PerkStreet Financial

PerkStreet Financial believes that banks should align their goals with their customers' best interests to give them what they want and need - and that it's possible to build a successful business this way. PerkStreet Financial brought together an FDIC-insured financial institution (The Bancorp Bank), the largest surcharge-free ATM network and some of the best retail brands in the country to deliver an online checking account.
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Overall Rating

MyBankTracker rated PerkStreet Financial based on the following criteria that includes real customer reviews and bank fees, among others. Our bank report card is a proprietary rating system that highlights the financial health and stability of the bank.


MyBankTracker Rating

Customer Rating
Based on 192 Reviews
Financial Health
Based on Texas Ratio: 19.99
Bank Fees
vs. Average
Mobile Deposits
Mobile Deposits
Mobile Banking
Quality of Mobile Services

Customer Reviews

Most Helpful Customer Reviews

Amer M's Profile Image

Reviewed by Amer M

Jul 29th 2010

4 out of 5 marks

Fast and Simple

PerkStreet understands that I have a problem. That is spending more than I have. So, they use perks to help me or actually encourage me to save and build good habits for saving.

Well Done PerkStreek

Is this review helpful? ▲ Yes 3 ▼ No 1

Clayton H's Profile Image

Reviewed by Clayton H

Feb 28th 2011

3 out of 5 marks

Great bank with a few hidden problems

First and foremost, I love the new concept Perkstreet brings to the table. Good customer service, low hassle banking, and simple redeeming of rewards. It's a very nice concept and so far it has been good. However this bank has a few problems, one of which is VERY serious.

For those of us that have elected to have overdraft "protection", it is very important to note that Perkstreet counts "pending" transactions against your account balance and WILL CHARGE you overdraft fees the moment your available balance runs below zero, regardless of the fact that these pending transactions may not even settle and thus your bank account is actually in the green. Having banked with Chase for 5 years prior to switching to them, I am very disappointed with this because Chase never assessed any O/D fees unless it was for actual "settled" transactions that sent my account into the negative.

Another problem I have with Perkstreet is the long hold times for checks, 3 business days after having to wait nearly 4 days for receipt by mail or 48 hours for receipt via UPS is an agonizingly slow process, especially for those of us that work for employers that still do not offer direct deposit. A solution I have proposed is that the bank allows us to deposit checks at home using a scanner, similar to what USAA does and/or have an app on your phone that can take pictures of checks like Chase does.

Thirdly, the website Perkstreet uses is a bit... dated. It feels like ver 1.0 and Chase was at 4.0 in terms of features and interface.

And finally, my fourth problem is their cash rewards gift card, it would be much better if they could just direct deposit the funds into my bank account rather than mail me a gift card. I already had one get lost on the mail and it's a bit of a hassle.

Overall, Perkstreet is a very good bank and I believe if they continue to build upon the feedback they receive, they will change internet banking.

Is this review helpful? ▲ Yes 9 ▼ No 0

starion's Profile Image

Reviewed by starion

Apr 12th 2012

1 out of 5 marks

Lost My Initial $25 To Inactivity Fees.

I opened an account with perkstreet thinking i could electronically transfer some money each month to them as a way to keep the money somewhat out of reach from my local credit union. I was able to ach the initial $25 out of my credit union account to open the perkstreet account. The problems started right away when their system constantly declined my credit union's visa card to transfer money.

After numerous calls and several hours on the phone with both my credit union and perkstreet, we were never able to get it to work. So, this month, i decided that i was through messing with it and would close my perkstreet account and get my $25 back. Wrong! Discovered it was all gone due to perkstreet nibbling $2. 50 a month away in "inactivity fees". Nice. Yes, i'm sure it was in the agreement. But not exactly a pleasant discovery after the problems i had to find out that they had chipped away at my money.

Is this review helpful? ▲ Yes 6 ▼ No 1

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Bank Rates

PerkStreet Financial<sup>SM</sup> MasterCard® Debit Card



1.00% - 20.00%

PerkStreet Financial<sup>SM</sup> MasterCard® Debit Card



1.00% - 20.00%

Banking Fees

Type Fee National average
Monthly Inactivity


Applied every month with no activity


Non-Sufficient Fund (Overdraft)



Stop Payment item



Return Deposit



Domestic Wire Transfer (Outbound)



Domestic Wire Transfer (Inbound)



Non-Bank ATM


Free if you use a STARsf surcharge-free network