NEW YORK, April 15, 2019 /PRNewswire/ -- STASH, one of the fastest growing financial platforms in the U.S., simplifying how millions of Americans save and invest, announced today it has fulfilled half a million Stock-Back™1 rewards just one month post launch.
"Only a few weeks in and Stock-Back is proving to be a powerful rewards program. By simply using their STASH debit card2 at their retailers—Chipotle, Walmart, Amazon, their local coffee shop—customers have already earned half a million Stock-Back rewards," said Brandon Krieg, Co-Founder and CEO of STASH. "Giving every American the chance to be an investor has always been at the core of STASH's mission. With Stock-Back, we're upping the ante by offering a direct connection between spending and investing, providing unmatched value for millions of customers—making them all investors. This is what banking should be."
STASH is the only financial platform with an investment account and a debit card that work together to turn every American into an investor. Customers earn fractional shares of stock every time3 they use their STASH debit card. Customers automatically and instantly build investment portfolios that can reflect their spending habits by earning stock rewards directly in the companies they shop, eat, watch, listen and live with.
For example, when customers buy a meal at a local restaurant, or pay their parking meter, they earn Stock-Back in a diversified ETF4. When customers buy a coffee at Dunkin, pay T-Mobile bills, or shop at Amazon or Walmart they earn a piece of each companies' publicly traded stock (i.e., DNKN, TMUS, AMZN, WMT). All Stock-Back rewards are invested in a customers' personal investment account with STASH.
The program offers a rotating selection of up to 5% bonus Stock-Back on popular and high volume retailers like Netflix and Spotify, and an unlimited base of 0.125% Stock-Back on all purchases everywhere. Upcoming Stock-Back bonus rewards include 3% for Walmart and Amazon.
STASH, one of the fastest growing consumer investing apps in the U.S., simplifies the financial services experience, offering education and access to help improve the financial well-being of millions of people across the U.S. Through a curated selection of over 200 stocks and ETFs, STASH clients can build personalized portfolios that reflect their investing interests, beliefs, and goals. The platform's full suite of products includes personal investment accounts, Traditional and Roth IRA's, custodial investment accounts. Additionally, in partnership with Green Dot Bank, STASH offers banking services (including debit accounts and debit cards). Based in New York City, STASH launched in October 2015 by Wall Street veterans, Brandon Krieg and Ed Robinson.
Stash Financial, Inc. is a digital financial services company offering financial products for U.S. based consumers. Advisory products and services are offered through Stash Investments LLC, an SEC registered investment advisor. Stash Capital LLC, an SEC registered broker-dealer and member FINRA/SIPC, serves as introducing broker for Stash Clients' advisory accounts. Apex Clearing Corporation, a third-party SEC registered broker-dealer and member FINRA/SIPC, provides clearing and execution services and serves as qualified custodian for advisory assets of Stash Clients. Products offered by Stash Investments LLC and Stash Capital LLC are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. See our disclosures page for more information.
1Stash Stock-Back™ is not sponsored or endorsed by Green Dot Bank, Green Dot Corporation, Visa U.S.A, or any of their respective affiliates, and none of the foregoing has any responsibility to fulfill any stock rewards earned by this promotion. Investment products and services are not offered by Green Dot Bank and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value.
2Debit Account Services are provided by Green Dot Bank, Member FDIC.
3Excludes cash, cash equivalents (including the funding of gift cards and prepaid cards), and transactions through Venmo®, Square, Inc.'s Cash App®, PayPal®, or similar services.
4If publicly-traded stock of the merchant is not available or capable of being fulfilled for any reason, the stock reward arising from a qualifying transaction will be in shares of Vanguard Total World Stock ETF (VT), an ETF available on the Stash Platform.