Experian has launched its own digital checking account and debit card designed to help Americans build their credit without incurring debt.
The solution, known as Experian Smart Money, integrates the company’s Boost feature, which captures payments such as utilities, residential rent and phone bills, and adds them to the user’s credit file.
Beyond Boost offers customers unprecedented access to a worldwide network of over 55,000 surcharge-free ATMs, bill pay and the ability to receive a paycheque up to two days early for those who enrol in direct deposit.
Jeff Softley, group president, Experian Consumer Services, said, “With Experian Boost and Experian Go, we enabled millions of people who pay bills regularly to leverage their positive payment history to build their credit profiles.
“Now, we’ve made it more seamless to have those positive payments reflected with the Experian Smart Money Digital Checking Account so more consumers can reach their fullest financial potential.”
Currently, more than 14m people utilise Experian’s Boost service, via their existing checking account or credit card .
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