MAJORITY bank review: Fees, limits, and legitimacy

Finding a reliable money transfer service provider is one of the major problems immigrants face. Some have stringent documentary requirements, including a Social Security number (SSN), which new immigrants may not always have yet. Others have predatory fees that take a huge chunk of the money being sent.

One provider that strives to overcome these hurdles is MAJORITY. Designed with immigrants in mind, it makes banking and financial services accessible for all through an all-in-one app.

But is it as helpful as it sounds? Or is there a better alternative? Let’s take a closer look at what MAJORITY offers, how much it costs, and whether it’s a legit option in 2025.

What is MAJORITY bank and who is it for?^1,2,3

To start, MAJORITY is not a bank. MAJORITY is a digital financial service company founded in Stockholm, Sweden, in 2019. It aims to help immigrants thrive in a new country by giving them access to the services and support they need. This access is made convenient through an app-based platform that facilitates digital banking, international money transfers, and other services.

In the United States, MAJORITY operates as a financial membership app with banking services provided by Axiom Bank (Member FDIC). Although it has no physical bank branches, it has headquarters in Miami, Florida, and Houston, Texas.
While MAJORITY is not a bank, it is a legitimate company partnered with a legitimate bank. 

Key features of MAJORITY⁴

Mobile-only banking⁵

MAJORITY is mobile-only, which means everything happens right from your phone. There are no bank branches, no long lines, no paperwork headaches. This also means you have better visibility and control over your funds.

You can split bills, send money to fellow MAJORITY members, or request payments just by sharing a link via WhatsApp or by showing a QR code. The MAJORITY Pay feature makes it easy to transfer money between friends and family in real time.

Free debit card⁶

MAJORITY doesn’t offer traditional bank accounts that earn interest on deposits. However, it provides users with a MAJORITY Visa debit card that can be used to shop in stores and online. There’s no overdraft, no hidden charges, and you can only spend what you’ve added to your account. This makes it a safer option compared to credit cards if you’re new to banking in the U.S.

On top of that, you can earn cashback, unlock discounts at partner stores and restaurants, and feel secure with real-time notifications and fraud protection built into the app.

No SSN required to open an account

You don’t need an SSN to open a MAJORITY account. All you need is a valid ID from your home country, like a passport, driver’s license, or matricula consular—and that’s it. This makes it much easier for newcomers or undocumented immigrants to get started with safe, reliable banking in the U.S.

International money transfers⁷

Sending money abroad without being practically robbed is one of the biggest challenges migrants face. MAJORITY addresses this problem by making international transfers fast, safe, and affordable. You can send money to places like Mexico, Colombia, Venezuela, and more. The fees are lower than what most banks charge, the exchange rates are competitive, and you’ll always know exactly how much you’re paying with no surprise charges.

International calls and mobile top-ups^{8, 9}

Aside from digital banking services, MAJORITY also offers international calling. The app lets you make unlimited low-cost international calls (landline or mobile) to over 20 countries even without internet. Plus, you can send mobile top-ups and data bundles to friends and family in over 35 countries, including Cuba, Nigeria, and Colombia. It’s an easy way to support the people you care about and stay connected, no matter where they are.

Fees and limits^{4, 10, 11, 12}

MAJORITY ensures transparency in all its transactions. It assures users of no minimum balance fees and no hidden charges. For money transfers, transaction fees and the amount the beneficiary will receive will be disclosed before you authorize the transfer.

Here are some of the fees you might encounter as you use your MAJORITY account:

Majority does not charge foreign transaction and currency conversion fees. These fees are imposed by its partner bank, Axiom, which facilitates the transactions.

The maximum balance allowed on a MAJORITY account is just $20,000. Aside from this, there are also limits to most transactions. Some of the transaction limits^{12, 13} you might need to take note of are:

Is MAJORITY bank legit?

MAJORITY is a legitimate company. Although it isn’t a traditional bank, its digital banking services are facilitated by Axiom Bank¹⁴, a U.S. national bank and member of the Federal Reserve System. This means deposits to your MAJORITY account are held at Axiom and are FDIC insured.

With more than one million downloads on Google Play¹⁵ and a 4.9 rating on the App Store¹⁶, MAJORITY App seems to be winning the trust of consumers.

On Trustpilot¹⁷, MAJORITY ranks high on the following categories: Cashback Provider, Money Transfer Service, and Bank. It has also earned a trust rating of 4.7 stars from over 11K+ user reviews.

However, Sitejabber¹⁸ reviews may encourage some caution, as some users have complained about MAJORITY’s services and the reliability of its apps.

MAJORITY pros and cons

MAJORITY is designed for immigrants by fellow immigrants. Its services address the specific needs of people who are far from home, but it’s still a relatively new company with limited reach and services.

Money transfer alternatives to MAJORITY

MAJORITY may be a convenient way to manage digital payments, but its international money transfer services are somewhat limited. For one, it only caters to approximately ten recipient countries. Moreover, money transfers may be subject to foreign transfer fees and currency conversion charges from intermediary banks.

If you’re exploring different ways to send money abroad, check out BOSS Money. It’s backed by IDT Payment Services, which means it runs on a solid global network you can rely on. Aside from its reliable infrastructure, BOSS Money lets you enjoy:

• Safe and secure instant transfers (within seconds)
• $0 transfer fees on the first two transfers
• Regular transfer fees as low as $1.99
• Real-time tracking that lets you see exactly where your money is
• Multiple delivery options (cash pickup, bank deposit, direct debit, mobile wallet, home delivery)
• Exclusive offers ($25 gift card for successful referrals, special pricing, exclusive exchange rate, and other promos)

In case you're comparing apps or are looking for alternatives, BOSS Money keeps it simple, affordable, and pretty flexible, which are all good things when your money needs to move fast and far.

Final verdict – is MAJORITY worth it in 2025?

Yes—but with a few conditions. If you’re new to the United States, MAJORITY is a good option to access digital banking services. You can download the app for free and open a MAJORITY account even if you don’t have an SSN yet. You can also send money and mobile top-ups to your family if your home country is among those it serves.

However, if you’re looking for a full-service bank with savings accounts, credit cards, or loans, MAJORITY may not be enough for your needs. You might consider it your first financial tool in the U.S., but it’s not the only one you’ll ever need.

For comprehensive banking services, you may eventually need to open an account with a traditional bank or with another digital banking provider with more robust service offerings.

For international money transfers to more destinations, more established money transfer service providers like BOSS Money may be a better option.

Sources: all third party information obtained from applicable website as of June 12, 2025

1. https://www.majority.com/en/company

2. https://www.linkedin.com/company/majorityofficial

3. https://www.crunchbase.com/organization/majority

4. https://www.majority.com/en/majority-account

5. https://www.majority.com/en/majority-pay

6. https://www.majority.com/en/visa-debit-card

7. https://www.majority.com/en/money-transfers

8. https://www.majority.com/en/mobile-top-ups

9. https://www.majority.com/en/international-calling

10. https://www.majority.com/en/terms-of-use/terms-of-service

11. https://www.majority.com/en/terms-of-use/majority-payment-services

12. https://www.majority.com/en/terms-of-use/axiom-bank

13. https://www.majority.com/en/help/article/can-i-receive-a-bank-transfer-in-my-majority-account

14. https://banks.data.fdic.gov/bankfind-suite/bankfind/details/31390

15. https://play.google.com/store/apps/details?id=com.majority.android&hl=en

16. https://apps.apple.com/us/app/majority-mobile-banking/id1458589760

17. https://www.trustpilot.com/review/majority.com

18. https://www.sitejabber.com/reviews/majority.com

19. https://www.majority.com/en/help/article/where-can-i-send-money-with-my-majority-app

20. https://www.majority.com/en/help/article/how-can-i-send-money-to-other-accounts-in-the-us

This article is provided for general information purposes only and is not intended to address every aspect of the matters discussed herein. The information in this article is not intended as specific personal advice. The information in this article does not constitute legal, tax, regulatory or other professional advice from IDT Payment Services, Inc. and its affiliates (collectively, “IDT”), and should not be taken or used as such by any individual. IDT makes no representation, warranty or guaranty, whether express or implied, that the content in this article is current, accurate, or complete. You should obtain professional or other substantive advice before taking, or refraining from, any action on the basis of the information in this article.