American bank launches digital bank account

Sesame Cash intends to establish a better path to financial wellness

Sesame Bank

American bank launches digital bank account. Source: shutterstock.com

Credit Sesame announced the introduction of Sesame Cash, a free digital bank account. The project aims to help consumers manage their entire wallet in one place.

Sesame Cash will analyze consumers’ finances and their repayment ability against their credit, providing them with personalized recommendations.

Through the use of advanced machine learning and AI, we’ve helped millions of consumers improve and manage their credit. However, we identified the disconnect between consumers’ cash and credit—how much cash you have, and how and when you use your cash has an impact on your credit health. With Sesame Cash, we are now bridging that gap and unlocking a whole new set of benefits and capabilities in a new product category. This underscores our mission and commitment to innovation and financial inclusion, and the importance we place in working with partners who share the same ethos
Adrian Nazari, Credit Sesame Founder and CEO

Credit Sesame’s digital bank account provides a zero-fee debit card with Mastercard Zero Liability protection, eliminating overdraft fees. What is more, its clients won’t need to pay monthly service fees. On the contrary, they will get free access to over 55,000 ATMs, while receiving real-time transaction notifications. The bank also offers the ability to freeze or unfreeze the debit card, and virtual card integration with most major mobile wallets.

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