What is Sequin Banking Membership?
Sequin Banking Members unlock High-Interest *Checking*: 3.31% APY that grows your everyday checking at HYSA rates! Membership includes a customizable Visa® Debit Card, financial education, community and perks - designed by women, for women.
Problem
Traditional checking accounts offer low-interest rates, making it hard for users, particularly women, to grow their savings directly from their everyday transactions. This leads to a lack of motivation in saving via checking accounts and contributes to the gender wealth gap, where women often end up with less savings compared to men due to lower interest rates and less tailored financial education and community support.
Solution
Sequin Banking Membership is a membership-based banking service that offers High-Interest *Checking* accounts with an APY of 3.31%. Members can grow their savings just by using their everyday checking account at HYSA rates. The membership also includes a customizable Visa® Debit Card, financial education, community and perks, all designed by women, for women.
Customers
The primary users of Sequin Banking Membership are women who are looking for high-interest checking accounts, tailored financial education, and community support to help bridge the gender wealth gap.
Unique Features
Offers high-interest rates on checking accounts traditionally seen only in High Yield Savings Accounts (HYSA), specialized financial education, a supportive community, and membership perks all designed specifically for women.
User Comments
There's no direct user feedback mentioned, so it's not possible to provide specific user thoughts.
Traction
Specific details about the traction such as number of users, MRR, or financing have not been provided.
Market Size
The global digital banking market size was valued at $803.8 billion in 2020 and is projected to reach $1,702.4 billion by 2027, growing at a CAGR of 11.2% from 2021 to 2027.
