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This is what my friends at Loopt helped build after getting acquired by Green Dot. If you have enough money to use Fidelity or Schwab there are better options,
by kogir 14y ago
This is what my friends at Loopt helped build after getting acquired by Green Dot.
If you have enough money to use Fidelity or Schwab there are better options, but their mobile tooling is really good, it's hard to get surprised, and the custom card image is pretty cool.
- saryant 14y agoSchwab has no minimum balance requirement.
- jroblak 14y agoTrue - but you can't sign up for a checking Aaccount only. They require you have a brokerage account through Schwab as well.
- stevenbedrick 14y agoYes, but they don't require you to do anything with it- IIRC you don't have to fund it, and you certainly don't have to use it or maintain any kind of balance in it.
- maxerickson 14y agoI'm in the process of bank shopping, so I looked into it just now. If you set up automatic deposits into a checking account, they waive the $1000 minimum for the brokerage account.
- stevenbedrick 14y agoOh, that must be new- when I signed up a couple of years ago there weren't any requirements like that. Thanks for looking into it. For whatever it's worth, it is a really, really, really great checking account. And their online and mobile tools have gotten pretty good in recent years. Not anywhere near the level of, say, BankSimple, but certainly more than usable.
- maxerickson 14y agoActually, it looks like the automatic deposits/$1000 minimum are for a investment account without the checking account.
- saryant 14y agoThere's no minimum on either account. I've got a whopping $187 in my Schwab checking account and nothing in the brokerage account.
- ConstantineXVI 14y agoThat's right, I set up my account with them with just $25 in the banking account. The rep I talked to when I signed up verified you aren't required to use the brokerage acct at all, it merely has to exist.