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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

Greenwood operates completely online, but they partner with FDIC-insured banks and are part of a global ATM network that allows members to use more than 100,000 ATMs fee-free when they need to withdraw and deposit physical cash and checks.

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Betterment Checking Account Review: Unlimited Free ATM Access

MyBankTracker

This can include monthly maintenance fees, overdraft fees, ATM fees, and other costs. As a no-hassle checking account, you can manage your money with no monthly minimums, no overdraft fees, and no ATM fees. The best part: If you’re charged a fee by an ATM owner, Betterment will reimburse your money. FDIC insured.

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SoFi Officially Files For A Bank Charter Of Its Own

PYMNTS

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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CIT Bank Savings Connect Review

MyBankTracker

FDIC insured. Without these operational expenses, online banks such as CIT Bank often provide more value to consumers. Online transfers/ACH: $0. 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. No monthly fee.

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Consumers Still Drawn To The Branches Banks Are Trying To Shut Down

PYMNTS

Despite banks’ best efforts to move more of their customers online – and thus lessen the need for overhead-heavy branches – consumers are turning out to be way more into visiting the local branch than initially imagined. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open.

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BlueVine Business Checking Account Review: No Fees for Transac

MyBankTracker

This online business checking account is best for small- to medium-sized businesses with simpler banking needs and a low-cost account to keep their business finances separate from personal finances. You’ll get a free debit card that offers free ATM withdrawals at any MoneyPass ATM location.

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Citizens Debuts Digital Bank

PYMNTS

Citizens Access safely and securely offers Member FDIC-insured online savings and CD accounts with attractive rates and no fees to customers across the United States. Citizens Financial Group announced the launch of its nationwide, direct-to-consumer digital bank.