Launch of Mighty Oak Debit Card highlights how
Helix and Acorns are working together to provide more opportunities
for everyday Americans to save and invest for their futures
Helix by Q2 (NYSE: QTWO), an award-winning, cloud-native core
purpose-built for embedded finance, today announced the expansion
of its partnership with saving and investing app Acorns with the
launch of Acorns’ Mighty Oak Debit Card.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240108146632/en/
Acorns’ new Mighty Oak Debit Card gives
money a chance to grow by turning saving and investing into an
everyday habit. (Photo: Business Wire)
Helix serves more than 14 million customers and processes over
$20 billion in transactions annually. Helix offers the building
blocks of banking – accounts, cards, payments, data and controls,
administrative tools and monetization solutions – all in one place,
making it easier for innovative companies like Acorns to embed
personalized financial experiences in the context of the
applications people use in their daily lives.
While other finance apps promote instant gratification and fast
results, Acorns is all about slow and responsible growth – slow and
steady wins the race. With that philosophy, Acorns has helped
everyday people invest over $19 billion. Acorns’ new Mighty Oak
Debit Card gives money a chance to grow by turning saving and
investing into an everyday habit. With Real-Time Round-Ups®,
customers invest their spare change from each purchase up to the
nearest dollar. Using paycheck split, Acorns automatically saves
and invests a piece of every paycheck on payday. The card also
provides two of the highest annual percentage yields (APYs)
available today* with 3.00% checking APY, 5.00% APY currently on
the card’s Emergency Fund savings account for ‘rainy days’ and no
minimum deposit or balance requirements.
“Our partnership with Acorns started in 2018, and over the
years, it’s been a joy to watch them make it possible for anybody
to invest,” said Ahon Sarkar, general manager of Helix by Q2. “With
tools and education content that dramatically simplify every aspect
of money management and with competitive interest rates for both
checking and savings, the new Mighty Oak Debit Card is a huge
milestone in Acorns’ mission to look after the financial best
interests of everyday people.”
Helix provides real differentiation by fully integrating banking
into an existing ecosystem, which drives success in embedded
banking. Helix provides well-integrated products that create unique
experiences and value - that customers love and return to because
they can’t find it elsewhere.
“We’ve had a longstanding partnership with Helix and we’re
excited to work together to bring new products to the market, like
our Mighty Oak Debit Card. While other cards are just built for
spending, the Mighty Oak Card helps your money grow with two of the
highest APYs available,” said Shilpa Reddy, senior vice president
of marketing at Acorns. “We're excited to help Americans
automatically save and invest every time they spend and receive
their paycheck.”
The Mighty Oak Card, which is available to Acorns investment
subscription customers, also offers access to Acorns’ robust
financial wellness system including Acorns Later, to plan ahead for
retirement, investment rewards to earn bonus investments from
15,000 brands for everyday purchases and access to 55,000 fee-free
ATMs within the AllPoint Network.
The Mighty Oak Card is available now for Acorns customers.
Additionally, new Mighty Oak Cardholders are automatically entered
for a chance to win one of seven $50,000 Mighty Paychecks. To learn
more, visit acorns.com/mightyoakcard or download the Acorns
app.
*As compared to the national average checking and savings
interest rates as noted by the FDIC. Banking services provided by
nbkc bank, Member FDIC. Mighty Oak Card Annual Percentage Yield
(APY) as of November 13, 2023, is 3.00%. Emergency Fund APY is
5.00%. APY is variable and subject to change. No minimum opening
deposit or minimum balance required.
About Helix by Q2
Helix’s award-winning Banking-as-a-Service platform gives
innovative fintechs and brands the building blocks of banking —
accounts, cards, payments, data and controls, admin tools, and
monetization solutions — to make it easy to embed personalized
financial experiences that easily integrate and scale. For more
information on Helix, visit helix.Q2.com. Follow us on LinkedIn and
X (formerly Twitter) to stay up to date.
About Q2 Holdings, Inc.
Q2 is a leading provider of digital banking and lending
solutions to banks, credit unions, alternative finance companies,
and fintechs in the U.S. and internationally. Q2’s comprehensive
solution set allows its customers to better onboard, grow and serve
their consumer, small business, and corporate clients.
Headquartered in Austin, Texas, Q2 has offices throughout the world
and is publicly traded on the NYSE under the stock symbol QTWO. To
learn more, please visit Q2.com. Follow us on LinkedIn and X to
stay up to date.
About Acorns
Acorns is how everyday consumers save & invest for the long
term. To date, customers have invested over $19 billion with
Acorns, much of it in spare change. By putting the tools of
wealth-making in everyone's hands, Acorns is a leader in U.S.
consumer finance. Together, Acorns, GoHenry and Pixpay have nearly
6 million subscribers across five countries. Customers get
automated investing in diversified portfolios, a simple retirement
product, a bank account that helps people spend less to invest
more, bonus investments from brands while they shop, an easy way to
invest in their kids, and a foundation of financial education. From
acorns, mighty oaks do grow!
Investment advisory services offered by Acorns Advisers, LLC
("Acorns"), an SEC-registered investment advisor. Brokerage
services are provided to clients of Acorns by Acorns Securities,
LLC, an SEC-registered broker-dealer and member FINRA/SIPC.
Acorns is not a bank. Banking services issued by Lincoln Savings
Bank or nbkc bank, Members FDIC. For more information, visit
www.acorns.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240108146632/en/
Media Contact Maria Gari Q2 Holdings, Inc. 315-657-0041
Maria.gari@q2.com Investor Contact Josh Yankovich Q2
Holdings, Inc. O: 512-682-4463 josh.yankovich@Q2.com Acorns
Press Contact press@acorns.com acorns@ssmandl.com
Q2 (NYSE:QTWO)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Q2 (NYSE:QTWO)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024