Experian launches digital checking account and debit card for US consumers
Global financial services firm Experian has launched digital checking account and debit card products for customers in the US.
Experian launches digital checking account and debit card in the US
With the new digital checking account, customers will be able to pay their bills, and through Experian Boost embedded into the product, the payments will be captured and added onto consumers’ Experian credit files with a view to boost their credit scores.
Claiming the sign-up takes “minutes”, Experian’s new feature allows consumers to “streamline” their financial experience and provide them with a platform to start building their credit scores with no fees and access to a virtual debit card.
Experian says its new product especially targets consumers who are new to credit or those looking to improve their credit profiles. According to a recent survey it conducted, more than half of Gen Z it surveyed say they are not aware of how to start building credit.
Additional features of the digital checking account include getting your paycheck up to two days early, access to over 55,000 ATMs worldwide, and Experian membership benefits such as Experian credit report, FICO Score and credit monitoring.
Commenting on the launch, Jeff Softley, group president of Experian Consumer Services, says: “This offering is a natural next step in how we are using our technology to provide consumers greater credit-building power and financial control.”
