Cash account

The Wealthfront Cash Account Now Offers Up to $8 Million in FDIC Insurance Through Partner Banks

Retrieved on: 
Tuesday, October 10, 2023
FDIC, APY, Automation, ATM, Insurance, Cash account, PALO, Wealthfront, Bank

PALO ALTO, Calif., Oct. 10, 2023 /PRNewswire/ -- Starting today, Wealthfront's award-winning Cash Account offers up to $8 million in FDIC insurance for individuals and up to $16 million for joint accounts. Thanks to the company's software-based approach and partnerships with FDIC-insured banks, the Wealthfront Cash Account offers some of the highest FDIC insurance available in addition to a high APY. The Cash Account has created immense value for clients this year, paying out nearly $600 million in aggregate interest since January 1, 2023.

Key Points: 
  • PALO ALTO, Calif., Oct. 10, 2023 /PRNewswire/ -- Starting today, Wealthfront 's award-winning Cash Account offers up to $8 million in FDIC insurance for individuals and up to $16 million for joint accounts.
  • Thanks to the company's software-based approach and partnerships with FDIC-insured banks, the Wealthfront Cash Account offers some of the highest FDIC insurance available in addition to a high APY.
  • Today's increase allows Wealthfront Cash Account clients to benefit from 32x the FDIC insurance offered by individual banks without the hassle of spreading funds across multiple banks manually.
  • Wealthfront is not a bank, but by sweeping deposits to up to 32 partner banks and keeping the amount held in each bank below the $250,000 limit, the Wealthfront Cash Account enables access to up to $8 million in FDIC insurance coverage.

Green Dot and Wealthfront Extend Partnership to Simplify How Young Professionals Maximize Savings and Build Wealth

Retrieved on: 
Monday, December 19, 2022
Banking, Personal Finance, Technology, Professional Services, Payments, Small Business, Software, Internet, Fintech, Mobile, Wireless, Finance, Deposit account, Cash account, FDIC, Debit card, Green Dot Corporation, NYSE, Communication, App Store (iOS/iPadOS), Name, Annual percentage yield, TM, Partnership, Visa, Growth, Insurance, NerdWallet, FINRA, ATM, EVP, Interest, GDOT, Friends, Automation, App store, SIPC, Google Play, Generation Z, APY, Visa Inc., Gen, Registered, Bank, Cryptocurrency, Online shopping, Green Dot, Investopedia, Wealthfront

Founded in 1999, Green Dot has powered more than 33 million accounts directly, and many millions more through its partners.

Key Points: 
  • Founded in 1999, Green Dot has powered more than 33 million accounts directly, and many millions more through its partners.
  • Wealthfront integrates smart investing and saving services to help young professionals build long-term wealth in all market conditions.
  • Wealthfront, Wealthfront Advisers and Wealthfront Brokerage are wholly owned subsidiaries of Wealthfront Corporation.
  • 1 Wealthfront partners with Green Dot Bank, Member FDIC, to offer checking features in the Cash Account.

Wealthfront Adds Debit Card And Checking Features To Its Cash Account

Retrieved on: 
Monday, June 29, 2020
Economy, Financial services, Service industries, Embedded systems, Payment systems, Debit card, Wealthfront, Cheque, Cash account, Debits and credits, Automated teller machine

PALO ALTO, Calif., June 29, 2020 /PRNewswire/ -- Today, Wealthfront announced the addition of checking features to its Cash Account.

Key Points: 
  • PALO ALTO, Calif., June 29, 2020 /PRNewswire/ -- Today, Wealthfront announced the addition of checking features to its Cash Account.
  • A debit card can now be added to the Cash Account to make purchases and get cash from a nationwide network of fee-free ATMs.
  • Clients who are currently holding uninvested cash in their Wealthfront Cash Account can begin adding these features to their accounts today.
  • Neither Wealthfront Brokerage nor any of its affiliates are a bank, and Cash Account is not a checking or savings account.

Flourish Cash Institutional Launches with 1.65% APY and Digital Account Opening

Retrieved on: 
Tuesday, November 12, 2019
Economy, Finance, Money, Stock market, United States securities law, Financial markets, Brokerage firms, Security, Securities account, Broker-dealer, Financial Industry Regulatory Authority, Cash account

"If you have ever opened a bank account for a business, then you know how unique Flourish Cash Institutional is," said Yan Zhao,CEO of Flourish.

Key Points: 
  • "If you have ever opened a bank account for a business, then you know how unique Flourish Cash Institutional is," said Yan Zhao,CEO of Flourish.
  • Flourish Cash and Flourish Cash Institutional are services offered by Stone Ridge Securities LLC, a registered broker-dealer based in New York, NY.
  • 1A Flourish Cash account is a brokerage account offered by Stone Ridge Securities LLC, a registered broker-dealer and FINRA member.
  • Flourish Cash is not a bank account, but the cash balance in a Flourish Cash account is swept from the brokerage account to deposit account(s) at one or more third-party banks that have agreed to accept deposits from customers of Stone Ridge Securities LLC ("Program Banks").

Radius Bank Partners with Brex to Offer First-of-its-kind Corporate Cash Account that Earns Rewards

Retrieved on: 
Thursday, October 3, 2019
Economy, Accounting, Service industries, Payment systems, Cash flow, Brex, Credit card, Cash management, Payment card, Cash account, Debits and credits, Payment

Together, they have created Brex Cash, the first corporate cash management account that earns a company rewards on more than just credit card payments.

Key Points: 
  • Together, they have created Brex Cash, the first corporate cash management account that earns a company rewards on more than just credit card payments.
  • Brex Cash offers rewards to users on every payment type, including ACH, wire transfer or their Brex credit card.
  • Through this account, users earn a 1.6% yield or more on their balance, while getting the full liquidity of a cash account.
  • "Brex Cash is breaking the mold for corporate cash accounts, and we're excited to embark on this new direction of empowering businesses alongside Radius."