Last month, rapper Michael “Killer Mike” Render, civil rights advocate Andrew Young, and entrepreneur Ryan Glover announced plans to establish a new Black-owned bank in honor of Black Wall Street. A little over a month after launching the company, more than 200,000 people have signed up to become part of the Greenwood community. The waiting list for Greenwood’s digital banking platform is growing and that growth makes Greenwood one of the most successful launches in the history of the financial services industry.
“I’m excited to join the Greenwood team and work to advance economic prosperity for people of color,” said Williams in a written statement. “The time has come for Black and Latinx communities in America to strengthen our economic condition and influence. By increasing access to essential banking services and financial education, Greenwood is a key part of that movement.”
Greenwood will start with debuting a debit card and account that will include a black metal debit card for all customers who sign up by the end of the year. The account’s features include Apple, Samsung, and Android Pay, virtual debit cards, peer-to-peer transfers, mobile check deposits, and free ATM usage in over 30,000 locations with no hidden fees. All deposits will be FDIC-insured by a partner bank.
“Jesse Williams has long been a voice for equality and opportunity,” said Ryan Glover. “We are thrilled to have the chance to work with him. He is a perfect fit for the mission of Greenwood.”
Greenwood also plans to provide deposits to help strengthen historically Black banks.
To sign up for a Greenwood account, visit www.bankgreenwood.com.