Source: Avant
Avant, a leading financial technology company that gives middle-income consumers access to the credit they deserve, announced today the initial launch of Avant Banking.
The debut of Avant Banking expands the company’s financial product portfolio of personal loans, credit cards and auto refinance, and follows its acquisition of Zero Financial, Inc. and its digital banking app, Level, in April
Available now, Avant Banking includes access to spending accounts, debit cards,1 ACH transfers2 and, for those with direct deposits, access to payday funds up to two days early.3 After making a deposit, customers are issued a virtual card that can be immediately added to Apple Wallet® or Google Pay.TM5
Furthering Avant’s mission to serve underbanked consumers, Avant Banking was created with a transparent fee structure, meaning there are no monthly or hidden fees, such as maintenance or foreign transaction fees4. Customers also have fraud protection and are not financially obligated if their card is compromised6 and no minimum balance is required.
"Every consumer deserves access to innovative financial solutions to simplify and improve their financial journey,” says Matt Bochenek, CEO of Avant. "We are excited to expand our growing portfolio of financial products created to empower our customers to move their financial lives forward."