WSFS and SoFi Strike Agreement on New Cash Management Account
“At WSFS, we have welcomed innovation and accepted the challenge to adopt technologies and create and support solutions that will meet Customers’ evolving financial needs,” said
“Being able to offer these accounts will move us closer to our vision of serving all our members’ financial needs, but more importantly it’s something our members really want and have been asking for,” said
Innovation at WSFS dates back to 1972 when the bank became one of the first in the nation to grant Customers access to their checking accounts through electronic fund transfers with the WSFS Plan Card (debit card). In 1998, WSFS incubated CashConnect, a subsidiary, where developers created the software and technologies that have powered the industry’s ATM cash management and deposit safe services. Today, CashConnect is a leading national provider of cash management technical solutions to merchants and banks.
Mostly recently, WSFS became the first bank to issue a mobile-first, multi-currency account through a partnership with Zenbanx, which was acquired by SoFi earlier this year. In 2015, WSFS was the fourth bank in the nation and the first in the Mid Atlantic to rollout WSFS Mobile Cash, a service that allows Customers to securely withdraw cash from an ATM by using their WSFS Mobile Banking app.
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.
Source: WSFS Financial Corporation