It is really a currency exchange. This is a pretty clever 'hack', to use branch banking. They could conceivably offer other currency exchanges as well, and comp

It is really a currency exchange. This is a pretty clever 'hack', to use branch banking. They could conceivably offer other currency exchanges as well, and compete with the same banks on the exchange rate. You really have to trust the company tho, cuz you are depositing your cash into their bank account.