JPMorgan Chase has launched its all-mobile bank , Finn by Chase, across the US following a successful trial.
Finn by Chase is targeted at millennials and features include remote cheque deposit, peer-to-peer payments, money transfer and bill pay. The Finn service will not offer an overdraft facility.
Finn is initially available to Apple users; an Android version is due by the end of the year.
To kickstart the Finn rollout, Chase is offering a $100 incentive once customers complete 10 qualifying transactions.
Finn debuted in St. Louis in October last year where Chase currently has no branch network.
Finn head Melissa Feldsher said: “Finn continues to evolve based on the meaningful feedback that we get from our customers. We look forward to adding new features and experiences that our customers ask for as we continue to learn from them.”
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Finn by Chase customers will receive a debit card, which they can directly activate through the app. They will get fee-free access to over 29,000 Chase and partner ATMs across the US.