Stash, the financial services platform that's revolutionizing saving and investing, today announced its partnership with Green Dot Corporation and its subsidiary bank, Green Dot Bank, Member FDIC, to launch mobile-first banking services to help millions of Americans reach their dreams of financial security and prosperity.
Green Dot services will include bank accounts with debit cards, no overdraft fees, and a large network of free ATMs nationwide. Additionally, Stash will provide personal guidance across every aspect of a client's finances - from spending to saving, to retirement and investing. Stash powered technology will provide clients with actionable advice to help customers get the most out of their money.
"There are more than 100 million Americans who need a banking product just like the one we are building with Green Dot. Stash is committed to being a true partner and source of support for our clients, and for those who have systematically been left behind," said Brandon Krieg, CEO and cofounder, Stash. "Layering Green Dot's robust Banking as a Service platform with Stash's full suite of offerings will provide innovative, affordable tools to teach healthy financial habits, relieve financial stress, and help our clients save and invest more money."
Stash has 2 million customers and 5 million educational subscribers, with approximately 40,000 new clients joining weekly.
"Green Dot is proud to partner with a financial technology innovator like Stash, a company that has democratized investing for millions of Americans, to bring a customized, fully-featured and technology-forward bank account product to market. The partnership is an example of the versatility of Green Dot's Banking as a Service platform, which will enable Stash to turn their financial services ideas into real solutions to serve their customers," said Brett Narlinger, Chief Revenue Officer, Green Dot.
Since its launch in October 2015, Stash clients can invest and save in ETFs and in companies they are passionate about as a part of a balanced long-term investing strategy. With the help of Stash Coach, clients receive dynamic and personalized recommendations that will help guide them to create balanced, diversified portfolios for long-term investing goals.
In order to serve more of its client's financial needs, the "Stash Coach" will be a fundamental component of the Stash offering and is intended to provide actionable guidance across Clients' financial lives.
For simple, monthly subscriptions clients can invest into one or more of Stash's financial products including, Personal, Retirement and Custodial accounts. As part of their subscription, all Stash clients get unlimited trading with no commissions, personalized education and resources, as well as access to automatic saving and investing tools, Smart-Save and Auto-Stash.