Timberland Bank Teams Up with Plinqit via Jack Henry’s Digital Banking Platform

Timberland Bank has partnered with Plinqit, which claims to be the only savings platform of its kind that pays users for learning about personal finances, “to give customers a simple, easy way to save and plan for future financial needs.”

With over $1.8 billion in assets and 23 branches across the state of Washington, Timberland Bank has “remained committed to serving the financial needs of their local communities since the bank was founded in 1915.”

By partnering with Plinqit, Timberland Bank is able “to provide customers with engaging digital tools and educational resources to improve their financial literacy, establish healthy saving habits and achieve greater financial wellness.”

Breanne Antich, Chief Technology Officer of Timberland Bank, said:

“Through our partnership with Plinqit, we are able to empower our customers with targeted content that builds financial literacy, along with intuitive digital tools designed to help them reach their financial goals. We look forward to promoting financial wellness in the communities we serve with Plinqit.”

Unlike any other savings platform on the market, Plinqit’s patented Build Skills™ “allows Timberland Bank’s customers to interact with content that improves their financial literacy and get paid for acquiring new skills.”

Understanding that saving is the first step on the path to financial wellness, Plinqit provides Timberland Bank’s customers “an engaging way to save, plan and achieve their financial goals while boosting their knowledge of personal finances.”

For Timberland Bank, Plinqit’s platform “costs less than a traditional savings account and will support the institution’s growth goals by helping attract new customers while fostering deeper relationships with existing customers.”

Kathleen Craig, founder and CEO of Plinqit, said:

“Community banks play a vital role in helping their customers make the best financial decisions possible, especially in today’s economic climate. Between rising debt levels, inflation and other economic factors, consumers should feel equipped to make smart financial decisions, but this is difficult without adequate financial education.”

Craig added:

“As a forward-thinking financial institution, Timberland Bank is taking proactive measures to boost financial literacy and help their customers achieve sustained financial wellness. Our team at Plinqit looks forward to supporting this important initiative.”

Timberland Bank’s customers can “access Plinqit’s features with single sign-on through the bank’s digital banking platform because of Plinqit’s integration with Jack Henry’s Banno Digital Toolkit.”

Since Plinqit is fully integrated into Jack Henry’s digital banking platform, Timberland Bank was able “to embed Plinqit’s savings tools into their online and mobile banking quickly and easily.”

Julie Morlan, Senior Managing Director of Digital Solutions at Jack Henry, remarked:

“Our collaboration with Plinqit has made offering financial literacy tools much easier for financial institutions like Timberland Bank. Timberland Bank is the first of many institutions taking advantage of this integration to provide their accountholders with relevant tools to improve their financial health. Embedding tools like Plinqit into a financial institution’s digital banking experience helps reduce barriers to financial health, while establishing them as the center of accountholders’ financial lives.”

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