Fees to use Linus
We've currently implemented a no-fee model at Linus, which means you can use Linus for free! 🎉🎉
Transfer as much as you like and maintain any balance. We know that every dollar matters to you and we've kept that in mind when building Linus. This may change in the future, and if it does, we will let you know ahead of time.
Minimum Transfer Amount
$1.00 for deposits and withdrawals. Basically nothing!
Minimum Balance to Maintain
Your Linus account doesn't have a minimum balance which you are required to maintain once you open it. If you maintain a zero balance for an extended period of time, however, we may take steps to close your account.
❗ Foreign Transaction Fees❗
While we do not currently charge fees, at present our card processing partner charges as a merchant registered out of Europe (United Kingdom). It's possible that your card issuer might deem the transaction to be international and decide to charge you foreign transaction fees when using your card to deposit. To avoid this, we recommend using ACH or Wire as your primary transfer methods.