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Ando banking review: Fight climate change and pay zero monthly fees Ando; Alyssa Powell/Insider
You can track how your deposits are helping the environment in Ando s Impact Center.
There s no minimum deposit or monthly service fees, and you ll earn an above-average savings APY.
You might like Ando if you .
You might not like Ando if you .
Are comfortable banking digitally
Would like to receive paychecks early (feature goes live April 15)
Prefer to bank in person
Want to open a joint account or order a secondary debit card
Want to find the highest online savings rate
The bottom line: Ando is a solid online banking platform. Its strongest feature is that is uses your deposits to invest in companies that help the environment.
If a bank has multiple types of checking or savings accounts, different ones will probably come with different fees. Often, a more robust account charges a higher fee. A basic checking account may charge $5 per month, while a rewards checking account may charge $12 per month, for instance.
How to avoid a monthly maintenance fee
Most banks make it possible to waive monthly maintenance fees.
In many cases, you ll need to maintain a certain balance. You could waive the fee if you keep a minimum daily balance or an average daily balance over the course of the month.
Some checking accounts