Spruce Mobile Banking App Review: Mobile Banking App with High-Yield Savings, No Monthly Fee and More
Your bank account could probably be doing more for you.
The average savings account doesn’t earn you much interest. Some banks surprise you with fees. And a few of them do anything to help you stay on top of your finances.
That’s where Spruce comes in. It’s a mobile banking app built by H&R Block with a high-yield savings account, spending account, debit card and budgeting tools that caught our attention.
And right now, there’s an extra reason to take a look. You can earn a $100 bonus when you open a new Spruce account between Sep. 1 and Sep. 30, 2026 and get at least $500 in qualifying direct deposits within 45 days.1
But a bonus only goes so far. What matters most is whether you’ll actually keep using the account after that money hits.
So, let’s take a closer look.
Set up Direct Deposit — Kickstart Bonus
New Spruce customers who open accounts between Sept. 1 and Sept. 30, 2026 and receive at least $500 in qualifying direct deposits within 45 days can earn a $100 bonus.1 Once you’ve met the requirements, Spruce will deposit the bonus into your account within 14 business days.
If you prefer to get your paychecks through direct deposit, that’s a pretty straightforward requirement.
No picking up an extra shift. No selling the stuff collecting dust in your closet. Just a little extra incentive if switching accounts was already on your to-do list.
Earn 3.50% APY on Your Savings
A Spruce Savings Account currently earns 3.50% APY2, and there’s no minimum balance required to earn interest.
That means you don’t need a giant pile of savings before your money gets the chance to grow. Whether you’re building an emergency fund or just starting to put money aside, you can earn interest along the way.
Spruce lets you set saving goals and work toward them with automatic savings tools. So if you’re always saying, “I wish I could save more money,” but never get around to it, Spruce has got your back. Let it take some of that work off your plate.
Keep More of Your Money
You know what really bothers us? Paying your bank for the privilege of keeping your money there.
Spruce has no monthly fee, no sign-up fee and no minimum balance requirement.
That doesn’t mean you’ll never encounter a fee. For example, you won’t pay a fee at more than 55,000 Allpoint ATMs, but withdrawals from other ATMs come with a $3 Spruce fee, plus anything the ATM operator charges.3
Still, not having to maintain a certain balance or pay a monthly account fee keeps the everyday stuff pretty simple.
Get Your Paycheck Up to 2 Days Early
We’ve all had those weeks when payday feels just a little too far away.
With qualifying direct deposit to your Spruce Spending Account, you could access your paycheck up to two days early4, depending on when your employer runs payroll.
When the electric bill is due Tuesday and payday is Thursday, those couple of days can make a difference.
Fee-Free Overdraft Coverage
Eligible Spruce customers can opt in for up to $20 in Courtesy Coverage for certain overdrafts.5
To be eligible for Courtesy Coverage, you’ll have to get at least $200 in qualifying direct deposits every 35 days. You choose whether to enroll or not; if you’d rather not, you can have transactions denied if they’d take your balance below $0.
Should You Switch to Spruce?
If you’re happy with your current account and the rate you’re earning on your savings, you might not be itching to make a change.
But if your savings could be earning more, you’re paying a monthly fee or you want an easier way to manage your paycheck, Spruce is worth a look.
The 3.50% APY with no minimum balance stands out most for the long haul. The early pay and money management tools are useful extras, and the limited-time bonus gives new customers another reason to consider making the switch.
Ready to see if Spruce is a better fit for your money? Take a closer look and sign up for Spruce today.
Disclosures:
Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
1 Offer from H&R Block. Requires 1) opening of new Spruce Accounts between 9/1/2026 and 9/30/2026; and 2) receiving $500 in qualifying direct deposits within 45 days of opening. Qualifying direct deposits are only ACH credits from an employer or government benefits (but not tax refunds). Any other deposits do not qualify, including but not limited to, other ACH credits, mobile check deposits, internal transfers, transfers within Spruce from external accounts, peer payments or transfers, or cash transfers. $100 will be deposited within 14 business days after completing all requirements. Spruce Accounts may not be closed or restricted at payout. You are responsible for tax treatment of funds. Limit one per customer. Cannot be combined with any other offer, including any Referral Incentive Campaign, and not available if you open Spruce accounts using a referral link. May be modified or discontinued at any time.
2 The Annual Percentage Yield (APY) is accurate as of 09/22/2026. This rate is variable and can change without notice. Spruce Savings Accounts opened prior to July 17, 2025 may be required to opt in through the Spruce app or at sprucemoney.com to start earning interest.
3 Cash can be added to a Spruce Spending Account at participating retailers. Fees may apply. Any fee to add cash is an independent fee assessed by the individual retailer only and is not assessed by H&R Block or Pathward®, N.A.
4 Early access depends on when payment is submitted. Funds are generally made available when payment instruction is received, which may be earlier than scheduled payment date.
5 Courtesy Coverage only available for purchase transactions, ATM withdrawals, and over-the-counter withdrawals using your debit card. It is a discretionary courtesy, not an extension of credit. Requires opt in and $200 in qualifying deposits over prior 35-day period. Negative balances are limited to $20 and must be repaid within 30 days.
Spruce fintech platform is built by H&R Block, which is not a bank. Spruce℠ Spending and Savings Accounts established at, and debit card issued by, Pathward®, N.A., Member FDIC, pursuant to license by Mastercard®. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
