4 ms·
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,
by 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 agoProduct 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 agoPaying directly from my bank account is free. Why would I pay for that?
- frankdigiac 3y agoBecause 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!