Ando Money is a new digital bank that promises to invest customer money in green initiatives and give its users a level of transparency that traditional institutions lack. Ando has partnered with New York City-based Community Federal Savings Bank, which offers Federal Deposit Insurance Corp (FDIC-insured bank accounts). McNeill, CEO, and Co-Founder says Ando is also working with Coalition Bank, which has an existing green lending program. The bank allows customers to see how their money is sorted by a feature in its mobile app called Ando Impact Center.
Ando’s goal is to invest customer money in low-carbon projects such as clean energy, sustainable infrastructure, and renewable agriculture. Ando Money offers digital banking to help you fight climate change, and for a monthly fee, you can earn 5 % APY to increase your savings. Check out Ando Money to boost your savings by up to 5% APY, combat climate change with green investments and earn extra bonuses by recommending your friends for a monthly fee. To get a 5% bonus, you must open an Ando money account and use a valid referral link from an existing Ando customer.
Not all online banks offer access to cash, but Ando allows you to deposit cash in locations like CVS, Kroger, and Rite Aid at its sites. Unlike its current account counterpart, Ando does not charge a monthly fee or require a minimum deposit to get started. Ando Spending is a solid current account with no minimum deposit and no monthly service fees.
Ando Money is one of the few banks, from the perspective of the mission, that has made clear that it is lending to businesses to combat climate change. While other similar banks support climate change initiatives through donations and other efforts, they are the only ones known to incorporate this into their business model. By contrast, Ando gets to the heart of the matter by reducing the need for compensation for projects that first reduce the amount of CO2 emissions. Your investments combine the benefits of modern bank accounts, instant transaction notification features, and apps with conscious lending. The Better Business Bureau lends credibility to Ando’s partner bank, Federal Savings Bank D.
Location: San Diego, California