So far, I don't see the value proposition. People who don't like big banks use credit unions. Credit union deposits are insured to $250,000, so any risk creat

So far, I don't see the value proposition. People who don't like big banks use credit unions. Credit union deposits are insured to $250,000, so any risk created by lending is not borne by the consumer. There are plenty of credit unions that still offer free checking with no (or a very small) minimum balance. [1] The only way you could possibly make money to cover your still-not-insignificant costs (you still need all the accounting, marketing, etc, plus paying Allpoint's access fees---they charge a fee to institutions for the privilege of access, there's no free lunch here) is to charge a monthly fee. [2] You're competing against free, and the "we're not a big bank" marketing card has already been played by the credit unions (there is an ongoing radio campaign that plays on just that point). [1] E.g., https://www.navyfederal.org/products-services/checking-savings/checking.php https://www.navyfederal.org/products-services/checking-savin... [2] You could also sell data about your consumers or do other questionable things, but that won't help your "better than a bank" cause.