US-based fintech firm Stash has teamed up with Green Dot Bank to roll out its mobile-first banking services.
Among these services include a debit account, which will not charge overdraft or monthly maintenance fees.
Go deeper with GlobalData
The services will leverage Green Dot’s banking as a service platform.
The firm launched a rewards programme as part of the new offering.
Dubbed Stock-Back, the new programme enables users to earn fractional shares of stock on qualified purchases on using Stash debit card.
As inaugural offer, the programme offers a base reward of .125% for purchase in the respective publicly-traded stock or investment in a Stash-approved ETF.
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By GlobalDataStash CEO and co-founder Brandon Krieg said: “At STASH, we believe the customer should keep more of their money, which is why we built a unique rewards programme that invests in them when they spend.
“Now, with Stock-Back Rewards, we can really deliver on the holistic experience we set out to achieve, helping our customers maximise their financial power.
“We’ve truly built a full-service financial platform for investors. STASH customers will become investors and own stock in companies and sectors they support—with each qualified swipe of their STASH debit cards.”
The move comes after Stash’s Series E fundraising, which secured $65m investment.
The firm will utilise the capital to boost product growth.
