Betterment is the Latest Fintech to Launch a Checking Account

One of the first robo advisors has now added a checking account to their suite of services; Betterment Checking is an FDIC insured checking account that includes a contactless debit card, reimburses ATM and foreign transaction fees worldwide and allows the user to shift funds between Betterment banking and investing accounts; “Betterment started as a new approach to long-term investing and achieving long-term goals, such as retirement or home purchases,” said Mike Reust, CTO at Betterment, to American Banker. “With Cash Reserve and Betterment Checking, we’re going deeper into more immediate and day-to-day cash needs.”; the company partnered with nbkc bank for their checking account product which is a compliment to their Cash Reserve savings account. American Banker

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