PYMNTS

JULY 24, 2019

The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Profits from the new offerings will come from debit card interchange fees, the article said. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter.

Deposit Account 64

Deposit Account Accounts FDIC RTP 64

PYMNTS

MARCH 26, 2020

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. Prepaid cards also can allow those without bank accounts (i.e.

Checks 100

Checks Push-to-Card Direct Deposit IRS 100

Stax

JANUARY 1, 2024

Specialized features tailored to specific business needs, such as integration with accounting software , can also be a deciding factor. Additionally, look out for banks that say “Member FDIC” on their website. are compliant with FDIC insurance, but it’s worth an extra check. All reputable banks in the U.S.

Accounts 88

Accounts Online and Mobile Banking API ATM 88

Fintech Labs Insights

MARCH 4, 2019

youth to obtain a credit card. So most rely on debit cards for spending. However, debit cards don’t help in establishing credit for the estimated 45 million American adults without a credit score ( see note 1 ). Since the financial crisis in 2008, it’s been much harder for U.S.

Origination 12

Origination Credit Union Push-to-Card Debit Card 12