Dan saw on social media an ad for AlwaysBank, a new direct bank. Looking to increase his savings at phenomenal rates, he decides to apply.
Dan opens up a high yield savings account with AlwaysBank. It was super easy and fast to sign up with his phone.
Dan transfers his money into the account. It’s the first time he’s ever deposited funds into a new account without waiting in line to give a teller a check.
Dan calls customer service to add Cho to the account. She’s taken a remote job with a new webzine and is going to start traveling with Dan.
Cho just got paid by check for a big freelance project she worked on. She deposits the check by taking a picture with her phone.
Since Cho now travels regularly with Dan, she buys a new tablet with a monthly data service. She sets up her monthly payments to come directly from their savings account.
The couple decide it’s time to travel to Asia and learn more about their heritage. They open a “vacation” account and set it up to fund via recurring automatic transfer every paycheck.
Dan and Cho went out for a walk for ice cream. They realize that they left their wallets in the hotel. Fortunately, they were able to use a nearby ATM to get cash via Dan’s phone.
After a few months of saving, they go on their big vacation. But before they leave, they log into the mobile app and notify the bank of the trip so they can use international debit.
A few years have passed and Dan and Cho are amazed with how their savings have grown.