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Zero Launches Debit-Like Credit Card, Raises $20M

PYMNTS

Zero, a company that aims to modernize credit cards for the millennial generation, has raised $20 million in a Series A funding round, according to a report. The company plans to market its card to credit-wary millennials who want to avoid getting into a deep debt cycle, but who also want the incentives of owning a credit card.

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Betterment Checking Account Review: Unlimited Free ATM Access

MyBankTracker

Betterment also provides cash management. If you’re looking to open a new checking account, the company offers an inexpensive way to manage your money. This can include monthly maintenance fees, overdraft fees, ATM fees, and other costs. Betterment is different because it provides a low-cost way to manage your money.

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Robinhood Re-launches Checking Feature With 2 Pct. APY

PYMNTS

Stock trading app Robinhood , which offers no-fee trading, is re-launching a checking feature called Cash Management after it was previously shelved due to regulatory issues. percent APY on any money in the account – and they will be able to spend it with a distinctive Mastercard debit card. As reported on Tuesday (Oct.

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CIT Bank Savings Connect Review

MyBankTracker

FDIC insured. FDIC Insurance. Luckily, CIT Bank is an FDIC-insured bank, which means deposits are insured up to $250,000 per depositor per account ownership type. Luckily, CIT Bank is an FDIC-insured bank, which means deposits are insured up to $250,000 per depositor per account ownership type. Debit card access.

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Why Consumers Need Digital Banks To Be Better, Not Just Cheaper

PYMNTS

ATM fees, on the other hand, average around $4.66. In the sense that it is a bank, MoneyLion takes deposits and makes sure those deposits are FDIC insured through a backend partnership with a traditional bank, Choubey said. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 or $163 a year.

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SoFi Officially Files For A Bank Charter Of Its Own

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Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. SoFi has confirmed the news.

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How Cross River Bank Keeps Cash Flowing

PYMNTS

This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. The ATM Real Estate Advantage. Cross River teamed up with Mastercard in 2017 to launch Mastercard Cash Pick-Up, a disbursement service that delivers cash on behalf of businesses to vetted recipients through a network of ATMs.

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