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So, instead of paying your credit card directly from your bank, you let Frank hold on to the money? In Frank’s Bank?

• alenrozac 3y ago
  Guess so. And the "store away" account is likely in a money market fund where they either take all returns or a significant chunk of it. If the product is free, you're the product.
  • frankdigiac 3y ago
    Product will be subscription based (<$5) and you keep all the interest, which could pay off subscription depending on monthly spending. Too many fintech’s rely on percentage of volume and it’s not really reliable.
    • Finnucane 3y ago
      Paying directly from my bank account is free. Why would I pay for that?
      • frankdigiac 3y ago
        Because it automatically stores-away money for each purchase. Some users enjoy the piece of mind of not having a bill at the end of month, and this provides the funds in order for that to happen. For me, I personally hate budgeting with credit cards and hate seeing my statement at the end of the month cause my checking balance is not accurate then. I would use a debit card more, but I get little protection and no benefits. This app may not be for you and that's okay!