A bank with no secrets
Learn every detail about our features
Take control of your money and take advantage of everything that Woohoo has for you.
Woohoo not only provides reduced-fee banking services but also allows you to generate up to $250 a month in supplemental income. In addition, if you spend more than $400 a month on your Woohoo card, you’ll be automatically entered into a sweepstakes draw allowing you to take home additional cash each month.
Just use the Woohoo card to pay for things you were buying already to unlock the benefits. There’s no need to change your spending habits in any way.
Woohoo receives a share of each transaction from merchants. Other card companies will give you a portion of these fees as a cash-back reward once a year. Woohoo, on the other hand, compensates you based on how much the people you recruit to the platform spend every month. This is not multilevel marketing or a Ponzi scheme. You are only compensated based on the people you directly recruit to the platform.
- No account annual fee
- No interest charges for card usage
- No fee for enrollment in Woohoo Earnings
- Eliminate check cashing fees using our in-app check deposit feature or by utilizing our direct deposit service.
- No Woohoo fees for international transactions
- Minimal rates for international funds transfers
- Bill payment convenience fees on average 50% less than competitors
Woohoo offers all the benefits of a debit account while helping you build your credit.
Did you know that a lower credit score means you may miss out on opportunities such as:
- Lower interest rates for loans and credit cards
- Lower car insurance rates
- Reduced utility service deposit requirements.
How does Woohoo help you?
By adding money to your Woohoo account, you are able to use your card for everyday purchases such as gasoline, groceries, and monthly bills. At the end of each month, we use these funds pay for the purchases you have made.
Similar to a traditional debit account, your spending limit is set by the amount of money you added to your account. You don’t spend more than you have available in your account.
Woohoo then reports these on-time, monthly payments to the three major credit bureaus (TransUnion, Equifax, and Experian). Through your regular use, the Woohoo card can help safely build and improve your credit score.