ADD a competitive deposit product to YOUR ecosystem
CHALLENGER MAKES IT EASY
FOR YOUR BUSINESS TO ISSUE HIGH-INTEREST CHECKING ACCOUNTS TO YOUR CUSTOMERS
Learn MoreHOW IT WORKS
Challenger makes it easy for any business to issue digital bank accounts to their customers without initiating and managing a complicated banking operation. We take care of the customer-facing digital product, the integrations, and the banking compliance so you don’t have to.
WHY A BANK ACCOUNT?
Bank accounts are the stickiest financial product. The average adult in the US keeps the same bank account for 16 years. High yield bank accounts are the least expensive way to acquire and retain customers for higher margin products and services.
YOUR CUSTOMERS EARN MONEY, WHILE YOU EARN THEIR LOYALTY
CHALLENGER HIGH YIELD CASH ACCOUNTS
LOWER CUSTOMER
ACQUISITION COSTS
We pay up to 2% interest which is 20 times the national average. High interest rates are the least expensive way to bring in new customers to higher margin products and services.
INCREASE CUSTOMER
RETENTION
Retaining and acquiring customers is hard.
Active, loyal customers are worth many times more valuable than non-loyal customers. Our research shows that offering a high interest bank account will increase customer loyalty by up to 60% or more.
SET THE TREND
Personal Capital, Robinhood and Wealthfront offer high yield cash accounts. Digital high yield bank accounts are coming, and most businesses aren’t ready. We make it easy for your business to get started.
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