Lies, Garbage, And The Reason We Need Negative Stars
tl;dr? Do yourself a favor and avoid this gimmicks driven """bank.""" Look at the top of this page for the list of savings accounts. You'll get more than 1.70% APY without deposit limits and stupid games from at least a semi-competent bank.
Beam is garbage built on false/overtly misleading promises since before they launched and were advertising their waitlist on Facebook. When they're not busy lying to your face or leaving the most tone deaf replies to reviews (and wow are there a bunch of 1 stars on the app stores) they're busy releasing new completely untested versions of their app that break immediately.
All categories that matter should have negative stars. I gave them a 5 for fees because they're at least aware they could not charge for this nonsense and not be sued for gross incompetence. 2 for competitive products because they still offer a better base APY than Bank of America but do you really want to be compared to the bottom of the barrel?
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Beam Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | - | $400 | Trial Account |
Beam is an Internet only bank and does not have branch locations. Its headquarters is located at 1540 Market St, Suite 100 - San Francisco, CA 94102