Greenwood 4.5.0

Greenwood presents itself as a financial technology company with a focus on serving the Black and Latino communities. With over 500,000 members, it aims to create a conducive environment for wealth building and community support. By opening an account with Greenwood, users have the opportunity to save money while also benefitting their community, with services facilitated through Coastal Community Bank, a member of the FDIC.

DIGITAL SAVINGS AND SPENDING ACCOUNTS

Greenwood offers tailored digital accounts for various financial needs. Customers can open a savings account without any minimum balance requirements or monthly fees, earning an attractive annual percentage yield (APY) of 4.15%. The accompanying spending account features a Mastercard-branded debit card equipped with notable benefits, including zero liability protection, identity theft safeguards, and access to global emergency services.

INVEST IN YOURSELF. NOT FEES.

• No overdraft fees
• No ATM surcharge fees at participating locations
• No minimum balance fees
• No peer-to-peer transfer fees

COMMUNITY IMPACT

Joining Greenwood supports both personal financial goals and broader community initiatives. Each account creation leads to contributions towards local charitable organizations, with partnerships that allow users to feed families in need and support educational efforts through round-up donations to the UNCF and NAACP.

CONTACTLESS SERVICES AND CONVENIENCE

Members benefit from mobile payment options and secure transactions through Apple Pay and direct deposit. This ensures ease of use at numerous retailers, online platforms, and even enables 24/7 check deposits from the app without the necessity of visits to physical branches or ATMs.

FEE-FREE ATMs AND EARLY DEPOSIT OPTIONS

Greenwood users can access surcharge-free withdrawals at Allpoint, Moneypass, Wells Fargo, and PNC ATMs worldwide. Additionally, with direct deposits via Greenwood, customers may receive their wages up to two days earlier than their scheduled pay dates.

POLICIES AND TERMS

• The availability of early direct deposit depends on the payor’s instructions and may vary by pay period.
• Mastercard's Zero Liability Policy protects users against unauthorized transactions but requires prompt reporting to the financial institution.
• The Annual Percentage Yield (APY) for Greenwood savings accounts is variable, effective as of May 22, 2023. A minimum balance of $0.01 is necessary to earn interest; as of May 15, 2023, the national average APY is reported at 0.40%.