When you refer co-workers, friends or family members to join Common and they use your referral code to sign up, you both earn rewards that you can redeem for $1 Cash or 0.5% increase in savings returns over the base rate of 2.5% (max 10%) or a reduction of 1% on the base loan rate of 5% APR (max 0%) on short term loans up to $500 (on qualifying for it).
You can see your rewards balance by logging in to the Common mobile app. Common will notify you when your Common Card and bank account are ready to activate. Once activated, your rewards such as Cash will be deposited into your Common Account or savings interest will be applied to your Community Savings Account or the reduction to your loan rate will be applied immediately.
Currently we are only allowing people to sign up for our waitlist. After your Common Card and Common Bank Account are activated you will be able to use your Common Card to spend your account balance including any Cash Reward or start accruing added interest on your Community Savings account or get a reduced interest rate on your loans.
We currently do not support editing of your profile, but this will be supported at a later date. Please contact us at hello@commonbank.co if you cannot access your account due to changing your phone number.
To login after creating an account you must re-verify the phone number used to set up your account and confirm your birthday. This will allow you to log back in and access your account.
If you do not have access to the phone number used to create your account you will need to contact support at support@commonbank.co for further assistance.
We are hard at work building Common. We expect to have your debit card and deposit account ready to open in early Fall 2019. Common will notify you as soon as it's ready!
Not at all! Common is the best possible banking experience as you start working full time at 16. If you are under 18, you just need a parent or legal guardian to help finalize your account. If you are under 14 you can not sign up for Common. See our Terms and Conditions for more details
If you are over 18 years old, just answer a few questions to get started and finalize your account in minutes.
Yes! Every Common account is FDIC insured for deposits up to $250,000 through a Member of the Common Financial Network - a network of partner banks that are nationally chartered and federally insured.
Unlike traditional banks who make money by charging you fees, Common makes money from helping it’s members with it’s inclusive fee free Banking for Everyone. Voluntary contribuitions made by it’s members who borrow up to $500 without interest, fees or credit checks and from ‘interchange’. When you use your Common card, card networks collect a service fee for the transaction and shares a percentage of that revenue with Common. That means we do not have to rely on traditional fees and pass the savings on to you.
We will start on-boarding customer in limited capacity with a full commercial roll out expected Fall 2019. The sooner you join the waitlist, the sooner your account will be activated.
Our top priority is protecting you and your hard earned money. Common’s bank-level security ensures your sensitive personal information and account are always safe. Your Common debit card purchases are protected by Common’s Zero Liability Policy, through MasterCard and Visa, to ensure you will never be responsible for unauthorized charges. Every dollar you deposit is FDIC insured up to $250,000 per account through our partner banks.
For security purposes, we require each Common account to be verified through a phone number issued by a US cellular phone carrier. VoIP, Google Voice, and international numbers are not eligible for a Common account at this time.
Once your Common account is activated, your friends can instantly send money to you using your username.
Common is the only mobile banking app that provides commonly needed banking services such as Short Term Loans and ShortTerm High Yield Savings without any fees or restrictions. People from all spheres of life - 1099, W2, Social Security Disability Insurance - just about anyone can avail banking services and have digital cash delivered instantly to their phone. Borrow up to $500 without credit check, interest or fees, earn returns up to 10% on your savings. Request, receive, and spend money in moments from co-workers, friends or family. Shop online, in-store or in-apps with your Common debit card. That’s why Common is Banking For Everyone.
Yes. Common is a Social Impact company. In fact Common is pursuant of becoming a Public Benefit Corporation. What does this mean? It means every action Common takes it determines its positive impact on Society e.g. Common’s Community Savings is used 100% to provide Credit where it’s due - the financially underserved while delivering high yields without restrictions.
Common delivers commonly needed banking services without income restrictions, fees, credit checks or restrictive terms for these services. This enables people from all walks of life (W2, 1099, SSDI and other income types) to get access to services commonly denied services such as Short Term Personal Loans and Short Term High Yield Savings.
Common is the Primary Bank for Uber & Lyft drivers. Common’s unrestricted, fee free services such as Auto Tax Withholding for your ride share income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 without interest, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Uber, Lyft & other ride share partners.
Common is the Primary Bank for Airbnb hosts. Common’s unrestricted, fee free services such as Auto Tax Withholding for Airbnb income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Airbnb service, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Airbnb hosts in the USA.
Common is the Primary Bank for Patreon Creators . Common’s unrestricted, fee free services such as Auto Tax Withholding for Patreon income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Patreon Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Patreon Creators in the USA.
Common is the Primary Bank for YouTube Creators. Common’s unrestricted, fee free services such as Auto Tax Withholding for YouTube income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your YouTube Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for YouTube Creators in the USA.
Common is the Primary Bank for yourmechanic.com mechanics. Common’s unrestricted, fee free services such as Auto Tax Withholding for yourmechanic.com income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your yourmechanic.com work, Short Term Highligted>High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for yourmechanic.com mechanics.
Common is the Primary Bank for Etsy’s independent creators. Common’s unrestricted, fee free services such as Auto Tax Withholding for Etsy income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Etsy’s independent Creators in the USA.
Common is the Primary Bank for eBay sellers. Common’s unrestricted, fee free services such as Auto Tax Withholding for ebay income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your eBay shop, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for eBay sellers in the USA.
Common is the Primary Bank for Twitch streamers. Common’s unrestricted, fee free services such as Auto Tax Withholding for Twitch income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Twitch Account, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Twitch streamers in the USA.
Common is the Primary Bank for DryBar hair stylists. Common’s unrestricted, fee free services such as Auto Tax Withholding for DryBar income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for DryBar hair stylists in the USA.
Common is the Primary Bank for Instacart shoppers. Common’s unrestricted, fee free services such as Auto Tax Withholding for Instacart income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Instacart shoppers in the USA.
Common is the Primary Bank for Postmates. Common’s unrestricted, fee free services such as Auto Tax Withholding for Postmates income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Postmates in the USA.
Common is the Primary Bank for Thumbtack professionals. Common’s unrestricted, fee free services such as Auto Tax Withholding for Thumbtack income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Thumbtack professionals in the USA.
Common is the Primary Bank for Wonoloers. Common’s unrestricted, fee free services such as Auto Tax Withholding for Wonoloers income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Wonoloers in the USA.
Common is the Primary Bank for Upwork professionals. Common’s unrestricted, fee free services such as Auto Tax Withholding for Upwork income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Upwork professionals in the USA.
Common is the Primary Bank for Dribbble designers. Common’s unrestricted, fee free services such as Auto Tax Withholding for Dribbble income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for Dribbble designers in the USA.
Common is the Primary Bank for freelance journalists. Common’s unrestricted, fee free services such as Auto Tax Withholding for freelance journalists income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for freelance journalists in the USA.
Common is the Primary Bank for bloggers. Common’s unrestricted, fee free services such as Auto Tax Withholding for bloggers income, Tag Business Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your Etsy Projects, Short Term High Yield Savings with returns up to 10% per year along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for bloggers in the USA.
Common is the Primary Bank for people on un-employment benefits. Common’s unrestricted, fee free services such as Auto Tax Withholding for any part time/1099/freelance income, Tag Expenses, Upload Receipts, Auto Quarterly & Yearly Tax Reports, Auto Income Prediction, Auto Bill Detection and Overdraft Protection, Auto Detection of Truly Spendable Balance, Short Term Loans up to $500 to manage cash flow and maintain your life during unemployment, along with traditional bank services such as Checking Account, Bill Pay, Send Checks, Send/Receive Money instantly via the app and an International Debit Card without ATM or international transaction fees make it the best bank for people living on un-employment benefits in the USA.
We are busy building out our services. Once we notify you that your account is ready, you will be able to activate your Common account and receive your Common Card.
The activity feed shows our top reward earners. The more you share, the more you earn and the closer you get to the top of the list.
You can use your Common Card at over 50,000 ATMs in the US fee free. You can also use it at any ATM worldwide that supports Visa or MasterCard but the ATM provider or Bank may charge fees. We never charge any ATM fees and will make it easy to find a local ATM from the Common App so you can avoid ATM’s that charge fees.
Yes, If your phone has the capabilities to use Apple Pay, Google Pay, Samsun Pay, PayPal or Venmo we will send a virtual card to your phone’s wallet once you activate your account or you can manually add it to any of the apps or digital wallets you’d like to use it in.
We love your suggestions! Send us your suggestions to features@commonbank.co
If you believe your account has been accessed by someone else or you are locked out of your account please contact us immediately at support@commonbank.co so we can help. You are never liable for fraudulent transactions or charges.
If your card is stolen or you have misplaced it, you can immediately lock your card and report any unauthorized activity from the Common App. Once it is locked, you can report that it is lost and we will send a new card via postal mail. If you have your card in Apple Pay or Google Pay card, that will not be affected.