PYMNTS

JULY 24, 2019

High-yield checking and savings are now being offered by online wealth advisor Betterment as a way to attract new customers. . If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. Checking accounts will be insured up to $250,000 and savings accounts up to $1 million.

Deposit Account 64

Deposit Account Accounts FDIC RTP 64

PYMNTS

MARCH 26, 2020

If ever there was a time to kill the check, that time would be now. As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

APRIL 29, 2019

Last week Robinhood, the company behind the free mobile trading app, filed an application to open an online bank that would be FDIC insured and offer high rates on savings and low rates on credit cards. There will be no fees attached to the account.

Office of the Comptroller of the Currency 45

Office of the Comptroller of the Currency Online and Mobile Banking OCC FDIC 45

PYMNTS

JULY 30, 2019

Having a simple bank checking account costs an average a monthly maintenance fee of $13.58 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. or $163 a year.

Consumer 76

Consumer Financial Literacy ATM FDIC 76

Stax

JANUARY 1, 2024

Liquidity needs vs. withdrawal restrictions Some accounts may have limitations on withdrawals or wire transfers. Check for: Penalties for access: penalties or fees for accessing funds could negate the benefit of higher interest earnings. Additionally, look out for banks that say “Member FDIC” on their website.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

Fintech Labs Insights

MARCH 4, 2019

Self Lender’s bank partners, put aside the total of all the monthly payments into an FDIC deposit account. They do however conduct a “soft pull” to establish credit monitoring, Furthermore, its bank partner does a ChexSystem review to check for recent checking/savings problems, so not everyone can qualify for the service.

Origination 12

Origination Credit Union Push-to-Card Debit Card 12