Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, recently formed a new partnership with the MoneyPass network in order to expand its clients’ access to fee-free ATM withdrawals nationwide and increases their ability to deposit cash and checks into their accounts by over 30%.
MoneyPass is described as an interbank network that provides surcharge-free ATM transactions. Since its launch in 2003, The company reported it has served the growing population of banking millennials, 46% of whom over the last two years moved their checking accounts to other institutions for access to surcharge-free ATMs.
The duo reported that through this partnership, Radius Bank personal and business Checking and Savings account clients will enjoy:
- 32,000+ add surcharge-free free withdrawal ATMs for Radius Customers
- 3,000+ additional deposit-taking ATMs
- Easily searchable ATM Locator to locate your nearest MoneyPass ATM
Speaking about the partnership, Chris Tremont, Radius Bank’s Executive Vice President of Virtual Banking, added:
“For us it is all about making our clients’ lives easier, and one of the ways we continue to do that is through technology partnerships like this with MoneyPass. We have long been believers that our clients should not have to pay a fee to access their own money and are always looking for ways to make it more convenient for them to get money into their accounts. We’re excited to have launched this new benefit.”