Purpose offers mobile banking that supports environmental & animal advocacy and rewards you for shopping with ethical business and brands. Underlying all of our banking and business activities is a commitment to social and environmental responsibility, with a focus on promoting a kinder future for all beings. Learn more here.

Purpose has no hidden fees or minimum balance. We do not charge monthly fees, overdraft fees or foreign transaction fees. We offer access to 55,000 fee-free ATMs.

Out-of-network ATM fees and card replacement fees may apply. See our fee schedule for details.

As part of our mission to celebrate a more sustainable and kinder lifestyle, we offer a vegan and planet-friendly rewards program. We partner with established and up-and-coming brands to give our users access to the best cash back offers and deals. Our current partnerships include Daily Harvest, Purple Carrot, Matt & Nat, OSEA and dozens more. We’re always changing up our offers to help our users discover new mission-aligned products and brands.

Yes! Money deposited in your Purpose account will currently earn up to 2.50% Annual Percentage Yield (APY) with no monthly withdrawal limits².

APYs are variable and subject to change. See our rate sheet for details.

Through our partnership with Allpoint, your Purpose card can now be used at over 55,000 fee-free ATMs nationwide. You can use this ATM locator to find convenient locations near you. To access the ATM locator directly in the Purpose app simply go to Settings → “ATM Locator” and remember to have location services turned on.

You can also use your Purpose card with any other external ATM network. ATM fees may apply.

We take security very seriously and are committed to meeting and exceeding industry standards to safeguard your data. Bank-grade security ensures your personal and account information are always safe. All individual deposits are FDIC insured up to $250,000 through Piermont Bank, Member FDIC and all card transactions are protected by Mastercard zero-liability guarantee¹. You’ll never be responsible for any unauthorized activity on your account. If your card gets stolen or lost, you can immediately freeze your card in the app.

If you have any questions or suggestions for us, we’d love to hear from you. Just shoot us an email at human@purposebanking.com and we promise to get back to you within one business day.