Financial services platform Stash has partnered with Green Dot and its subsidiary Green Dot Bank to introduce mobile-first banking services in the US.
The services will include bank accounts with debit cards, no overdraft fees, and a large network of free ATMs across the country.
Furthermore, Stash will also offer financial guidance to its customers about various aspects including savings, expenditure, investments and retirement.
Stash CEO and cofounder Brandon Krieg said: “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.
“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.”
Currently, Stash has two million customers and five million educational subscribers. Its client base increases by 40,000 every week.
Launched in October 2015, Stash allows its clients to invest and save in ETFs and in companies they are interested in.
Its Stash Coach solution provides the clients personalised recommendations and help them to achieve their financial goals.
Monthly subscriber clients can invest in one or more Stash financial products which include Personal, Retirement and Custodial accounts.
Under the subscription, the clients are eligible for unlimited trading with no commissions, customised resources and access to automatic saving and investing tools Smart-Save and Auto-Stash.