Please note: Effective December 9, 2022, the NEA Smart Money Account program will be closed. We apologize for any disruption and inconvenience this may cause.
If you have linked a bank account to your cash management account, we request that you please transfer the available funds in your cash management account to your linked bank account as soon as possible—and no later than the program termination date of December 9, 2022. If you take no action by December 9th, you will receive a check in the full amount of your outstanding balances.
If you are receiving direct deposit or have set up automated bill payments, please ensure that these are redirected to another bank account to ensure that you receive your December paycheck without disruption and your automated bill payments continue to post on time.
In partnership with
The NEA Smart Money Account is a Federally-insured mobile bank account that pays up to 0.55% APY. Plus, you have the option to connect your bank account with two simple, low-risk investment options that offer an even higher return.
Unlike other cash management products, you can seamlessly move money between banking and investing, instantly and with no fees, so you always have access to all of your cash.
how it helps
Simply use the NEA Smart Money Account as your new everyday bank account, or choose to take advantage of integrated investment options for even more savings.
Your bank account enables you to earn a high rate on your everyday savings, with easy access for things like daily retail purchases, mortgage, rent, or utilities.
Short-term investment options are a great way to save for financial goals you want to achieve in the coming year, like vacations, holidays, new vehicles, or home renovations.
Save for tomorrow with investment options that can offer a higher long-term return for multi-year financial goals like education, a new home, or retirement.
See how the NEA Smart Money Account acts as both a bank and investment account.
How It Works
We’ve partnered with ICM because they are committed to making it easier for both novice and experienced investors to achieve their financial goals, creating a better financial future for all. As a Visa Ventures Company, ICM has been named among the country’s leading fintech companies by Visa, Capgemini, Morningstar, Envestnet and the Export-Import Bank of the United States.
The Earnings Rate in your Federally Insured Account will be based on your monthly debit card purchase activity.
Debit card purchases are counted on a monthly basis and reset on the first day of each month. The tiered Earnings Rate will apply to balances in your Federally Insured Account up to $10,000. An Earnings Rate of 0.05% will apply to the portion of your balance exceeding $10,000. For complete details, please see the Cardholder Agreement and Rate Sheet.
There are no monthly services fees, overdraft fees or NSF fees. Plus no credit checks are required. Please refer to the fee schedule below for additional details.
|Card purchase||$0||There is no card purchase fee.|
|Monthly fee||$0||There is no monthly fee.|
|Direct deposit||$0||There is no fee for Direct Deposits.|
|Cash reload||N/A||Cash reloads are not permitted.|
|Bill payment (regular delivery)||$0||Bill pay is available when you log in to your account or using the NEA Smart Money Account mobile app. Regular bill pay transactions will be completed within 3 Business Days for electronic payments and within approximately 7 days if we have to mail a paper check to your bill.|
|ATM withdrawal (in-network)||$0||“In-network” refers to the Visa Plus Alliance ATM network. Locations can be found here. Click on “Find an ATM,” and then enter your location and filter for “Plus Alliance ATMs” to show surcharge-free machines.|
|ATM withdrawal (out-of-network)||$2.50||“Out-of-network” refers to all the ATMs outside of the Visa Plus Alliance ATM network. You may be charged a fee by the ATM operator, even if you do not complete a transaction.|
|Customer service (automated)||$0||No fee for calling our automated customer service line, including for balance inquiries.|
|Customer service (live agent)||$0||No fee for calling a live agent.|
|ATM balance inquiry (in-network)||$0||“In-network” refers to the Visa Plus Alliance ATM network. Locations can be found here. Click on “Find an ATM,” and then enter your location and filter for “Plus Alliance ATMs” to show surcharge-free machines.|
|ATM balance inquiry (out-of-network)||$0||“Out-of-network” refers to all the ATMs outside of the Visa Plus Alliance ATM network. You may be charged a fee by the ATM operator.|
|Teller Cash Withdrawal||$3||Teller cash refers to cash withdrawals done at a teller at a bank branch.|
|Using your card outside the U.S.|
|International transaction||3%||Of the U.S. dollar amount of each transaction.|
|International ATM withdrawal||$3.50||You may be charged a fee by the ATM operator, even if you do not complete a transaction.|
|International ATM balance||$0||You may be charged a fee by the ATM operator.|
|Inactivity||$0||There is no inactivity fee for the card.|
|Lost/Stolen card replacement fee||$10||If your card is lost or stolen, please contact us at 1 (844) 333-3102 and we will reissue your card. A card replacement fee will be debited from your account.|
|Expedited delivery of lost/stolen card replacement||$25||This fee is in addition to the Lost/Stolen card replacement fee.|
* Terms and conditions may apply. You must meet certain conditions to receive the disclosed Earnings Rate. Please see our Rate Sheet for a full description of requirements and limitations.
All rates are as of 03-01-2022 and are subject to change.
Please review the Cardholder Agreement for a complete list of terms and conditions.
NEA Smart Money Debit Card is issued by Sutton Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.