New MoonBeam bank for the US military to launch this winter

MoonBeam, a neobank founded by US military veterans and designed exclusively for the national military community is to launch this winter

MoonBeam bank

New bank for the US military to launch this winter. Source: MoonBeam

Founded in 2021 and headquartered in Austin, Texas, MoonBeam is currently accepting applications to a waitlist for its exclusive metal Alpha credit card, which the firm claims will offer 0% interest on all purchases, no hidden fees, generous cashback and rewards. Thus, the first 2,000 sign-ups will receive 10,000 reward points.

Through its mobile app, MoonBeam will offer “built-in budgeting” for every stage of its customers’ military career and beyond retirement. Therefore, the tool will take into account military benefits such as Thrift Savings Plans (TSP), Leave and Earnings Statements (LES), Retiree and Annuitant Services (RAS) and more.

MoonBeam claims it will also provide expert financial advice as well as advice on benefits including the VA home loan, GI bill and tuition assistance. 

Signing up for the platform involves no credit checks. The only requirement for customers is to be Active Duty, Guard, Reserve, Veteran, or an eligible family member.

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