Shoutout to southern hip hop icon and community activist Killer Mike, he’s making major moves out here. According to reports; he’s opening a new digital bank aimed at Black people and Latinos backed by the Federal Deposit Insurance Corporation. “The new company is titled Greenwood Bank aims to fill a gaping hole in the whole in our communities especially since “…according to the FDIC…There’s 5,066 federally insured banks in the U.S. and only 20 are majority Black-owned,…and about 17% of Black households don’t have bank accounts, Some of the products and services the bank will include are; Apple Pay and Android Pay digital wallets, and peer-to-peer money transfer services like Venmo plus more. We checked out the site and its clear about NO HIDDEN FEES EVER! We truly hope everything works out well with this project. We’ll invest and keep you updated. The bank appears to be Atlanta based and despite the fact that services won’t be available until next year, the bank began accepting account applications today Thursday October 8, 2020 via mobile phone app and website, though Click here to read more from source>>>ajc.com
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