PYMNTS

JULY 30, 2019

ATM fees, on the other hand, average around $4.66. 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. Having a simple bank checking account costs an average a monthly maintenance fee of $13.58

Consumer 76

Consumer Financial Literacy ATM FDIC 76

PYMNTS

DECEMBER 10, 2019

One of Europe’s fastest-growing mobile banks, N26 also offers direct deposit customers the ability to get their salary up to two days early. Cash withdrawals are free at more than 55,000 Allpoint designated ATMs and customers also get two free out-of-network withdrawals per month. million customers in 25 markets in Europe.

Debit Card 52

Debit Card FDIC Direct Deposit Mobile Banking 52

PYMNTS

JANUARY 30, 2018

The rules were simple: Consumers had to (a) have $250 direct-deposited each month into their account and (b) transact with the bank in a purely digital fashion (with no physical branch privileges) in exchange for a free checking account. The program was intended to compete with the “digital only” banks popping up at the time.

Direct Deposit 43

Direct Deposit Online and Mobile Banking Checks Non-Bank 43

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Additionally, if recent trends are any indication, physical bank branches stand to lose a lot of ground in the near future.

Online and Mobile Banking 53

Online and Mobile Banking Non-Bank FinTech Checks 53

Fintech Labs Insights

MAY 24, 2021

Faster access to direct deposits. Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Free ATM transactions through MoneyPass ($2.50 Features & benefits listed on homepage: Free.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Available Balance 15

Fintech Labs Insights

MAY 24, 2021

Faster access to direct deposits. Security features (account freeze, real-time transaction notifications, FDIC insured). Can deposit cash via GreenDot’s “@ the Register” (retailer typically charges up to $4.95 Free ATM transactions through MoneyPass ($2.50 Features & benefits listed on homepage: Free.

Online and Mobile Banking 15

Online and Mobile Banking FDIC Direct Deposit Small Business 15