Ryan Scribner is an angel investor in Yotta.
If you're considering using Yotta as your savings account, you may be wondering if there are any fees associated with the service.
The good news is that Yotta does not charge a monthly service fee, so long as your account balance remains above $5.
That being said, it's important to note that there is a minimum balance requirement of $5 at the end of each month.
Users with a balance of under $5 will be charged a maintenance fee on that day "equal to the lesser of $1.00 or their balance on that day."
One of the benefits of using Yotta is the network of ATMs that allow for free withdrawals. You can easily find these ATMs within the app and withdraw cash without incurring any fees.
Yotta may be a good option for you. Just be sure to maintain a minimum balance of $5 to avoid any potential fees.
Be sure to read our full Yotta review here for more info!
This article was generated using automation technology, and thoroughly edited and fact-checked by an editor on our editorial staff.
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