More Than
Your Money
Checking, savings and investing
that supports our community.
that supports our community.
More Than
Who We Are
Greenwood is a Black-founded, Black-led mobile financial platform inspired by the legacy of the early 1900s Greenwood District—a community where Black wealth recirculated daily, and Black businesses thrived. Today, the financial system continues to fall short in supporting the Black community. We exist to address this challenges, empowering our community with tools to build, sustain, and grow wealth for a brighter future.
No Fees,
No Surprises.
With the Greenwood Mastercard® debit card, your money and financial peace of mind is protected with no hidden fees, up to 2-day early pay³, and FDIC insured¹.
- No hidden fees
- Get paid up to 2 days early³
- Round-up donations²
- Send and receive money
- Apple Pay & Google Pay
- FDIC insured¹
Save More,
Worry Less.
Earn a 4.15% APY⁵ with no monthly fees or minimum balance requirements.
- Get 4.15% APY⁵ on qualifying savings account balances
- No monthly fees
- No minimum balance
- Withdrawal and transfer options
Invest With
Purpose.
Start building your wealth with investments that align with your values. Invest as little as $1 in publicly traded companies (including Black-owned publicly traded companies), or ETFs, with no commissions or fees. You can rest assured with SIPC insurance for protection.⁹
- No commissions or fees
- Invest as little as $1
- Invest in publicly traded companies
- Invest in ETFs
- Invest in Black-owned companies
- SIPC insured
Give Back To
Our Community.
We understand that people—and their communities—thrive when their money stays with them. True to this mission, Greenwood gives you the ability to round up your purchases to the nearest dollar and donate the change to our charity partners such as the King Center for Social Justice, NAACP, and UNCF, among others.²
Your Money,
Your Freedom
Greenwood has all your financial essentials covered! Enjoy an FDIC-insured Mastercard® Debit Card with no hidden fees, early paycheck access³, a high-interest savings account⁵, investing in stocks and ETFs⁹, roundup donations that support the community², and financial education and assistance when you need it.
Your financial freedom starts here.
Join Us!
1Greenwood is a financial technology company, not a bank. Banking services provided by Coastal Community Bank, Member FDIC. Deposits are insured up to $250,000 per depositor. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank, Member FDIC, if certain conditions have been met. The Greenwood Debit Mastercard® is issued by Coastal Community Bank pursuant to a license by Mastercard International.
2When you choose to add to your Greenwood Debit Card to the Greenwood Gives Back Program, you are given the choice to donate the change to either the National Association for the Advancement of Colored People (NAACP), United Negro College Fund (UNCF). For every person that opts into the Program, we round up the amount of Greenwood Debit Card transactions made using your Greenwood Debit Card feature in your Greenwood Spending Account to the next whole dollar amount (from $0.01 to $0.99), and transfer the amount in excess of the purchase price to a Greenwood Gives Back Service Account. Even dollar transactions ($xx.00) are not considered qualifying transactions and are not eligible to be rounded up for this Service. Greenwood then aggregates all dollars in the Greenwood Gives Back Savings Account and makes one contribution to the non-profit selected in the sign-up period.
3Direct Deposit early availability depends on timing of payor’s payment instructions and fraud prevention restrictions may apply. As such, the availability or timing of early direct deposit may vary from pay period to pay period.
4MasterCard’s Zero Liability Policy covers U.S.-issued cards and does not apply to certain commercial card transactions or any transactions not processed by MasterCard. You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.
5The Annual Percentage Yield (APY) for savings accounts through Greenwood is variable and is subject to change at any time. The disclosed APY is effective as of May 22, 2023. An account must have $0.01 in savings to earn interest.
6Check deposits received after 5PM ET on a business day (excluding weekends and bank holidays) will be processed the next business day. Funds are generally made available within 4 business days after the deposit is approved. All deposits are subject to review and acceptance is not guaranteed.
To prevent delays in the processing of your check, please check the following:
- Your name should be in the “Pay To The Order Of” field
- Check is drawn on a financial institution in the United States
- Check is dated within the last six (6) months
- Write “For Greenwood Mobile Deposit Only” under your endorsement
7Out-of-network ATM withdrawal fees apply. Greenwood will charge an ATM Withdrawal Fee of $2.50, in addition to any fees charged by the ATM operator. Please refer to account terms and conditions.
The Elevate membership is $200 per month. Opening an account through Greenwood is optional. Travel, spend and experiences benefits are only available with the Greenwood account and Elevate Debit Card.
⁹Greenwood Investment Advisors Accounts are held at a broker-dealer and qualified custodian DriveWealth, LLC, member SIPC and FINRA. Cash and investments in this account are protected by SIPC up to $500,000, with a limit of $250,000 for cash. For details, please see https://www.sipc.org are held at a broker-dealer and qualified custodian.
Investment advisory services are provided by Greenwood Investment Advisors LLC, an SEC registered investment adviser. Brokerage services are provided by DriveWealth LLC, member FINRA/SIPC.
Investments in securities: Not FDIC Insured – Not Bank Guaranteed – May Lose Value.
All other product names, logos, brands, trademarks, and registered trademarks are property of their respective owners. All company, product, and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.
©2020-2024 Greenwood, Inc.