PYMNTS
AUGUST 15, 2019
Monzo , an online bank out of London, has added loans to its menu of services, the Financial Times reported on Thursday (Aug. can apply for loans as the online bank advances its efforts toward profitability. . The bank is offering loans from £200 to £15,000, following a successful test pilot last year. In the U.S.
Bank Innovation
OCTOBER 18, 2017
EXLUSIVE – SME-focused digital bank Seed is nixing its monthly fee and will now be free for customers. The San Francisco-based fintech used to charge its customers $9 per month, but after conducting a survey, CEO Brian Merritt told Bank Innovation that he realized Seed could serve customers better by being free.
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PYMNTS
JUNE 13, 2019
Digital bank Monzo, based in the United Kingdom, is crossing the pond. The company said it will be signing up consumers for its cards through the next few weeks at events slated to be held in cities including Los Angeles, New York and San Francisco. Reuters reports that the company has reached U.S. In the U.K.,
PYMNTS
NOVEMBER 17, 2020
Earlier this year, the European digital bank had taken on Ireland, France and Italy. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. Revolut said the open banking service is free of charge for all Revolut users. banking license. Revolut announced Tuesday (Nov.
PYMNTS
OCTOBER 17, 2019
Online banking startup Chime has been hit with an outage that has left its 5 million customers with no access to their money. San Francisco-based Chime launched in 2013, offering debit cards, savings accounts and checking accounts to consumers without any fees.
PYMNTS
SEPTEMBER 1, 2020
Through Zelle, which is owned by a consortium of big banks including Wells Fargo, account holders will be able to transfer and receive money from family, friends and others with a U.S. bank account, the bank noted in its announcement.
Bank Innovation
OCTOBER 26, 2018
Bank of the West recently added 143 ATMs across the Denver and Sacramento metro areas through an agreement with ATM operator Cardtronics. The San Francisco-based bank said it has tripled the number of cash access locations for its customers in Denver, to 151, and nearly quadrupled the number of those locations […].
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