aCheese is a digital banking platform that supports Asian Americans and immigrants. They offer a variety of fantastic procedures with great rates but one their best rates come from their checking accounts. Not only do they pay interest, gives cash back rewards, and lets you get your paychecks early. Additionally, they allow you to donate your sign-up bonus and earned cash back to Asian American nonprofits.
Cheese Banking $70 Referral Bonus
What you’ll get: $70 bonus- Where it’s available: Nationwide
- How to earn it:
- Cheese is offering a $70 referral bonus to both parties. The referral bonus is broken down as follows:
- $2 when you sign up
- $45 when you fund $50+
- $23 when you spend $5+ on debit card
- Cheese is offering a $70 referral bonus to both parties. The referral bonus is broken down as follows:
- When it expires: None listed
Editor’s Note: If you have have a referral link, feel free to leave your referral link in the comments section below for other readers to take advantage of.
(No expiration date listed)
| Truist Checking ($400 bonus) | Chase Total Checking ($300 Bonus) |
| SoFi Checking and Savings Account ($325 Bonus) | KeyBank Checking ($300 bonus) |
Should You Sign Up With Cheese?
| You’ll Like It If… | You Won’t Like It If… |
| Comfortable banking digitally | Not comfortable banking digitally |
| Immigrant who doesn’t qualify to open accounts elsewhere | Are looking for a company that also offers a savings account |
| Asian American or want to support Asian American communities | Would like the option to overdraw funds |
| Wants to earn cash back | |
| Are looking for an interest checking account | |
| Want to receive your paycheck up to two days early |
PROS
- No minimum opening deposit
- No monthly service fees
- Earn interest
- Earn higher interest for 30 days when you refer a friend
- Receive your paycheck up to 2 days early
- Earn cash back
- No overdraft fees
- No out-of-network ATM fees
- Bilingual customer support
CONS
- No option to overdraw funds
- Doesn’t reimburse fees charged by out-of-network ATM providers
- Interest compounded monthly, not daily
How Cheese Works?
As stated above, Cheese is an online banking platform with a fantastic checking account meant for immigrants and Asian Americans.
When you sign up you can earn a $5 bonus on top of gaining access to all of this accounts great features. You will also earn a 0.25% cash back on all purchases and up to 10% at certain retailers, including Asian-owned businesses in San Francisco, Los Angeles, New York, Chicago, and Texas.
The current partners are listed below:
- Asian Pacific Fund: Provides grants and scholarships to Asian American Pacific Islander (AAPI) residents in San Francisco
- Welcome to Chinatown: Supports businesses in New York City’s Chinatown, especially ones that have struggled during the COVID-19 pandemic
- AAPI Women Lead: Supports AAPI women facing racism and sexism
- Southwestern Chinese Students and Scholars Association: Provides scholarships to international students
On top of the support from these other partners, Cheese has also pledged to donate up to $100,000 to these nonprofits before June 10, 2021. On March 10 they donated $10,000 and plan on donating $10 for each new Cheese customer from March 10 to June 10.
You will also have free access to over 30,000 MoneyPass ATMs around the US. Cheese doesn’t charge you for using a non-MoneyPass ATM, however if you use an out-of-network ATM then you may be charged. Another great feature is that they don’t charge overdraft fees. If a purchase were to be overdrawn, the transaction will just be denied instead.
To contact customer support, fill out an online form and a customer service representative will get back to you within 24 hours. Customer service is available in both English and Mandarin.
Your deposits are FDIC insured for up to $250,000 through Cheese’s partner bank, Coastal Community Bank. They also have a variety of features that are expected to be added in the future such as live chat, customer support in more languages, and an overdraft line of credit.
Is Cheese Trustworthy?
Cheese’s partner bank is Coastal Community Bank. However the Better Business Bureau has not given Coastal Community a trustworthiness score yet, because it claims not to have enough information to give a fair rating.
On the other hand, Coastal Community Bank has not had any recent public scandals, so it is up to your personal discretion to decide whether or not you’re comfortable keeping your money with cheese.
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Author’s Verdict
Cheese offers a great rewards checking account that is designed for ease of use for immigrants, Asian Americans, and people who want to the support the Asian American communities. Sign up for this account if you think this is a good match for you!
Additionally, you can find a full list of the best bank promotions here. Finally, remember to bookmark this page because you will always find an updated list of Cheese promotions here.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Private Client | $3,000 Cash | Review |
| U.S. Bank Business Checking | $900 Cash | Review |
| U.S. Bank Business Checking | $400 Cash | Review |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| KeyBank Key Smart Checking® | $300 Cash | Review |
| Truist One Checking | $400 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
| SoFi Checking and Savings Account | $325 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $100 Cash | Review |
| Fifth Third Bank Checking | $400 Cash | Review |
| Axos Basic Business Checking | $400 Cash | Review |
| Axos Business Interest Checking | $400 Cash | Review |
| Axos Bank Business Premium Savings | $375 Cash | Review |
