Loot is a banking app designed to help the millennial generation with tracking how much they spend and how to better budget their money; the company does not have a banking license due to the associated regulatory burdens and costs, though they do partner with the German payments company Wirecard; they now offer paycheck deposits with two free ATM withdrawals a month and will soon have the ability to do international money transfers with low fees. Source
- About the Author
- Latest Posts
This content was created by one of our content team members. You can pitch a news story — including guest contributor requests — using our story portal.