The US-based digital bank HMBradley has officially launched its services for the thousands of would-be users on its waitlist.
The people on the bank’s waitlist can now collect their signup bonuses and set up direct deposits, TechCrunch reported.
Users can get up to a 3% return on their savings based on the percentage they save of their quarterly deposits. The ones with balances of up to $100,000 can earn up to 3% in annual percentage yields. Another feature includes saving towards specific goals.
Account holders have access to 55,000 fee-free ATMs around the US, mobile check deposit and around-the-clock support, the company said.
HMBradley was founded by former portfolio management service Cyndx CTO Zach Bruhnke and principal software engineer Germain Cassiere and Dmitry Gritskevich, the former director of business operations and finance at wearable tech builder Doppler Labs.
HVF Labs, which is run by PayPal co-founder Max Levchin, is one of the challenger bank’s backers. Other investors includes Walkabout Ventures, Mucker Capital and Index Ventures.
“We want to empower and protect every consumer financially to show them that a bank can be on their side, regardless of how much money they make,” said Bruhnke, who now serves as CEO of HMBradley.
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