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Blog > First Digital Banking Platform, Greenwood, Secures $3 Million In Funding

Published on July 10, 2020

First Digital Banking Platform, Greenwood, Secures $3 Million In Funding

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¹1Greenwood 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.
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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.
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• Your name should be in the “Pay To The Order Of” field
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All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Before investing, consider your investment objectives and Greenwood Investment Advisor’s charges and expenses. Greenwood Investment Advisor’s internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see our Brochure (https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=857806) and Form CRS (https://reports.adviserinfo.sec.gov/crs/crs_327470.pdf).

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