Fierce Finance Review 2023

Jeremy Biberdorf
By: Jeremy Biberdorf
Aug 30, 2023
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4.7 rating based on 5 ratings

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In a Nutshell: Have you ever heard of the financial app Fierce Finance? It’s like the Swiss Army knife for your money needs—banking, stock market action, crypto ventures, and even handling your card payments.

That is right, all that is wrapped up in one app! It’s a dream for folks who want to keep their financial life neat and tidy, all in one digital space. But does Fierce really walk the talk?

Let’s dig deep. We’re uncovering what Fierce brings to the party, what it might be a bit shy about, and whether it fits into your financial game plan.

So, get ready because we’re about to plunge into the world of Fierce, step by step!

Service TypeFees
Finance AppVariable

Fierce Finance App

Pros & Cons
  • With Fierce, you're looking at banking and investing without those pesky fees. It's all about keeping your costs in check.
  • Fierce teams up with trustworthy banks and crypto providers, so you're not navigating these waters alone.
  • Fierce offers you many financial tools, from cash to stocks to crypto, in one neat package.
  • Just a heads-up, Fierce is exclusive to folks residing in the U.S. It's your American money buddy.
  • Your money's got a safety net—FDIC and SIPC insurance coverage for that extra peace of mind.
  • You've got the potential to earn up to 5.00% APY on your cash. Cha-ching!
  • Need a hand? No worries. Fierce has your back with 24/7 live customer support.
  • Over 55,000 ATMs at your service, and no fees in sight
  • If you're moving stocks around, be prepared for a $75 fee on outbound transfers.
  • Some transactions might take more than two business days to settle.
  • You won't find a web or Android version for managing your account. It's all about the app.
  • Unfortunately, the Fierce credit card isn't on the scene yet, maybe down the road.
  • Thinking about joint debit cards? Hold up. Fierce doesn't support those just yet.

What Is Fierce Finance?

Introducing Fierce—a financial app with big dreams of transforming how you earn, save, spend, and invest. Founded in 2021 by Rob Cornish, former CTO of Gemini, Fierce calls New York its home turf.

This app claims to handle everything from funding to earning. It does have some cool features like banking, stock trading, crypto adventures, and a nifty debit card. There’s even a tempting credit card with 1.5% cash back on the horizon, though it’s not live yet.

If you’re an Android user or prefer the web, Fierce isn’t available for you just yet. iPhones are the VIPs here. And Android pals, don’t fret—the Android app is on its way too.

Learn More About Fierce Finance

Features of Fierce Finance

Whether you’re about banking, investing, or diving into the cryptocurrency craze, Fierce claims to have your back, from the banking brilliance of Fierce Cash to the intriguing world of Fierce Invest, we’re here to break it down:

Fierce Cash:

  • It’s the banking powerhouse within the app, operated through a partnership with Cross River Bank.
  • Offers FDIC insurance coverage up to $250,000 per depositor per institution.
  • Fierce Crypto:
  • Sports an impressive 5.25% APY for your savings—talk about a good deal.
  • Acts as a hybrid checking and savings account, ideal for online banking.
  • Quick cash transfers between Fierce Cash and Fierce Invest accounts.

Fierce Debit Card:

  • Fee-free payment card with no monthly charges.
  • Linked to your Cross River Bank checking account for seamless transactions.
  • Works for both credit and debit purchases, plus ATM withdrawals.
  • Access over 55,000 Allpoint ATMs sans fees.
  • Note: Joint debit cards are not supported, but it’s a solid deal for solo holders.

Fierce Invest–Stocks:

  • A separate investment account is accessed through the same app.
  • Supports trading for U.S. stocks and ETFs.
  • SIPC insured for account assets (cash balance protected, but not investment value decline).
  • Partnered with FIN2 and DriveWealth for trade execution.
  • Invest with as little as $1, but watch out for potential trading fees.

Fierce Invest–Crypto:

  • Handled through Paxos Trust Company, a reputable crypto brokerage.
  • Offers various cryptocurrencies, including Bitcoin, Ethereum, and more.
  • No recurring fees for holding crypto, but trading comes at a cost: $1.49 for up to $100 US and 1.49% for more significant transactions.
  • Seamless integration with other Fierce accounts.
  • For dedicated crypto investors, major exchanges like Binance might offer lower fees and more features.

The Fierce Finance Review on Pricing

Hold tight, wallet-watchers—Fierce is slashing fees left and right. When it comes to banking and investments, Fierce users enjoy the fee-free VIP zone. That’s right, no fees to rain on your financial parade.

Crypto time. Fierce’s fee game is simple: $1.49 per trade under $100, or 1.49% for more significant trades. Straightforward, no fuss.

But there’s a twist. Meet the fee culprits: Cross River Bank and Paxos. They’re the ones pulling the fee strings. And those pesky ATM fees? Blame the other banks for those.

Ever heard of the “order flow” hustle? Fierce dances that dance, too. They make some cash by selling order flow in the stock section. Sneaky, but it’s how they roll.

Say hi to FIN2, Fierce’s investing sidekick. No fees right now, but who knows what the future holds? And talking stock trades, SEC and TAF fees are the players. Think of them as the ticket to the stock market show.

While Fierce is fee-free fun, a few characters still do their fee tango. Remember these moves as you rock your financial journey with Fierce!

How Does Fierce Finance Work?

Feeling stuck with a ho-hum interest rate on your current bank account? Or itching to delve into stock and ETF trading without breaking a sweat? Well, fret not—Fierce is your financial superhero.

Get ready to hop on the Fierce train with these easy steps:

Step 1 – Download the Mobile App

Start by hurrying over to the App Store and snagging the Fierce mobile app. Right now, it’s all about iOS devices, but fear not—an Android version is on the horizon.

Step 2 – Sign Up for an Account

Now that the app’s cozy in your device let’s get you signed up! It’s a breeze—just toss in some basic info like:

  • Full name
  • Email address and phone number
  • Address
  • Date of birth
  • Social Security number (SSN)
  • Government-issued ID

Step 3 – Choose your account type

  • Fierce Cash: This one’s a checking account that’s high on APY (annual percentage yield). With no pesky minimum deposit required, you can kick off with just $0.01 and start raking in that interest. Talk about easy street!
  • Fierce Stock: As the name suggests, it’s your golden ticket to trading stocks, fractional shares, and ETFs like a pro. You can even lend out your stocks for some chill passive income.
  • Fierce Crypto: Brace yourself—regulated crypto trading is coming your way. Buy and sell those cryptocurrencies without a hitch. And hey, the crypto world can be a bit baffling, but Fierce’s got your back with educational tidbits, analyses, and market insights.
  • Fierce Credit Card: Here’s a teaser—soon, you can grab the Fierce credit card. Swipe and earn 1.5% cash back on every purchase. It’s like money back in your pocket!

Step 4 – Manage Your Account

Now that you’re all set up, the Fierce app is your playground. Deposit money into your cash account, juggle stock trades—heck, you can even glance at your wealth from multiple accounts in one cozy spot.

Oh, and when life throws a curveball, no worries. Fierce’s got your back with 24/7 live support. Any hiccups, they’ve got you covered.

So there you have it—Fierce, your financial makeover waiting to happen. It’s time to give your money game a serious boost!

Fierce Finance Review – Final Thought

Bottom line? Fierce is a killer cash account with a load of features to level up your money game. If you’re iPhone-equipped and curious, dive in and explore. The app’s waiting—ready to make your money moves smarter. Don’t wait, click here to give it a shot today!

Get Started With Fierce Finance

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Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. After working many years in the website marketing industry, he decided to take on blogging full time and also get his finances headed in the right direction. Also check out his contributions to and Benzinga.