I am proud to announce our launch of Sesame Cash, a free digital bank account as part of a new smart digital banking service to help you grow your cash and credit. It is the only bank account that rewards you with cash for improving your credit.
Since I founded Credit Sesame 10 years ago, we’ve helped millions of consumers improve and manage their credit. One of the things we’ve learned is that credit and cash are inextricably intertwined. Credit and debit cards share a space next to each other in almost everyone’s wallet, and now we are working to make your cash and credit work together like never before.
We are combining our deep understanding of personal credit with the latest in digital banking to offer you a completely new personal finance service—one that will help you manage your entire wallet in one place and establish a better path to financial wellness. By bridging the gap now between credit and cash, we want to help you unlock a whole new set of benefits, capabilities, and opportunities.
The only bank account that pays you cash
Consumers pay nearly $200 per year in bank fees. We believe that you shouldn’t have to pay to use your own money, so Sesame Cash offers you the latest in digital banking with no fees. Credit Sesame’s digital bank account also includes many rich features of the newest online banks, including: no-fee debit card with Mastercard Zero Liability protection, no overdraft fees, no minimum balance, no monthly service fees, free access to more than 55,000 ATMs, early payday, real-time transaction notifications, the ability to freeze or unfreeze your debit card, and virtual card integration with most mobile wallets.
What sets us apart is how it helps you build your credit while also helping you manage your cash. Sesame Cash offers several unique benefits, including:
- Free, Daily Credit Score Refreshes: You will have access to daily score updates to help them stay on top of their credit.
- Credit Improvement Cash Rewards: An incentive program that will reward you with up to $100 as you improve your credit score.
- $1 Million Credit & Identity Protection: Free credit and identity theft protection, which includes live access to identity restoration specialists.
Credit Sesame will also be rolling out a number of industry-first features and benefits in the coming months. Stay tuned!
The next generation of personal finance
How your credit and your cash work for you is critical to your overall financial health. We’ve seen new banks emerge over the past few years that help save you money with fees or meet the convenience of offering everything on your smartphone. And we are pleased to offer the next generation of personal finance and banking by providing you with the first smart digital banking service. We are taking the no-fee and convenience movement to the next level—helping you manage and grow your cash and credit together in one place for free.
We are very excited about the launch of Sesame Cash and helping you achieve the financial stability that you are working towards.
To open Sesame Cash digital bank accounts, Credit Sesame will be partnering with Community Federal Savings Bank, Member FDIC.