nbkc Partners With Acorns

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By nbkc bank
01/19/2023


For Immediate Release

January 19, 2023

Contact: Andrew Meiller

816.381.2600 | andrew.meiller@cruxkc.com



nbkc Partners With Acorns Expanding Its Fintech Partnerships Business


KANSAS CITY, Mo. — nbkc bank now provides Banking as a Service (BaaS) solutions to Acorns, a leading saving and investing app that has helped millions of Americans save and invest $15 billion to date. This is the latest addition to nbkc’s portfolio of fintech companies for which it provides banking services that enrich the customer offerings for fintech companies without bank charters.

“We are thrilled to partner with Acorns, which has helped millions of Americans save and invest more,” said Melissa Eggleston, nbkc’s Chief Deposit Officer, EVP. “Their choice of nbkc as a partner reflects our strong reputation and growing business within the fintech space, which has been a principal focus for us.”


Through its Acorns partnership, nbkc will provide Acorns-branded checking accounts and debit cards to qualifying Acorns customers so they can spend smarter and save and invest more. Onboarding customers can access checking accounts and debit cards during the account application process. nbkc becomes Acorns second bank partner, signaling Acorns’ increased commitment to banking as a pillar of its financial wellness system.

“The core of Acorns is our mission to look after the financial best interest of the up-and-coming,” said Brent Williams, General Manager of Banking at Acorns. “nbkc is a mission-aligned partner providing strategic support as we continue to help millions of everyday Americans spend smarter and save and invest more.”


With Acorns Checking, subscribers' can invest spare change with every swipe and invest a piece of each paycheck automatically.

“We understand fintech companies because we are integrated with emerging financial technologies,” said Eggleston. “Banking as a service to fintechs has been a very logical and productive way for us to expand our banking business and provide real value to fintechs and their customers. We are proud to partner with Acorns, enabling them to offer industry-leading banking products to their customers.”


About nbkc

 

Kansas City-based nbkc is a diversified full-service banking company known for combining innovative technology and personal support to create exceptional client experiences. We offer nationwide, online home lending and consumer banking; community and commercial banking throughout our home region of Kansas City; and banking-as-a-service to fintech companies across the U.S. Formed in 1999, nbkc continues to pursue its mission of leading the industry to simpler and more transparent banking.


About Acorns


Acorns is how everyday consumers save & invest for the long term. By putting tools of wealth-making in everyone's hands, Acorns has become the largest subscription service in U.S. consumer finance, serving more than 4.7 million everyday Americans. Customers get automated investing in diversified portfolios built with help from experts. Acorns easy retirement account allows customers to invest in their future in minutes, no expertise required. To help everyone spend smarter, Acorns introduced banking that save and invests with every swipe and paycheck. And, everyday Americans may invest in their kids and get money news they can use, all from the same app. To date, customers have invested $15 billion with Acorns, much of it in spare change. From acorns, mighty oaks do grow!


Investment advisory services provided by Acorns Advisers, LLC SEC Registered Investment Adviser. Brokerage services provided to Acorns Advisers, LLC by Acorns Securities, LLC. Member FINRA/SIPC. For more information visit Acorns.com.


Media Contact:

nicole.beck@nbkc.com