Stash Banking services provided by Stride Bank, N.A., Member FDIC. The Stash Stock-Back® Debit Mastercard® is issued by Stride Bank pursuant to license from Mastercard International. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. Any earned stock rewards will be held in your Stash Invest account. Investment products and services provided by Stash Investments LLC, not Stride Bank, and are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. In order for a user to be eligible for a Stash banking account, they must also have opened a taxable brokerage account on Stash.
All rewards earned through use of the Stash Stock-Back® Debit Mastercard® will be fulfilled by Stash Investments LLC. You will bear the standard fees and expenses reflected in the pricing of the investments that you earn, plus fees for various ancillary services charged by Stash. In order to earn stock in the program, the Stash Stock-Back® Debit Mastercard must be used to make a qualifying purchase. What doesn’t count: Cash withdrawals, money orders, prepaid cards, and P2P payment. If you make a qualifying purchase at a merchant that is not publicly traded or otherwise available on Stash, you will receive a stock reward in an ETF or other investment of your choice from a list of companies available on Stash. 1% Stock-Back® rewards are subject to terms and conditions. Stock rewards that are paid to participating customers via the Stash Stock Back program, are Not FDIC Insured, Not Bank Guaranteed, and May Lose Value. Stash reserves the right to amend this program and the terms and conditions thereof and/or cancel this program at any time, for any reason, upon notice to you. See Terms and Conditions for more details.
As an expert in the field of banking services and financial products, my extensive knowledge is grounded in years of experience and a deep understanding of the intricate workings of the financial industry. I have closely followed the evolution of innovative banking solutions and have a comprehensive grasp of the various products offered by financial institutions. Now, let's delve into the concepts presented in the Stash Banking article.
1. Stash Banking Services by Stride Bank, N.A.: Stash Banking services are provided by Stride Bank, N.A., which is a member of the Federal Deposit Insurance Corporation (FDIC). This membership ensures that customer deposits are protected up to the FDIC limits, providing a fundamental layer of security.
2. Stash Stock-Back® Debit Mastercard®: The Stash Stock-Back® Debit Mastercard is a distinctive offering that allows users to earn stock rewards based on their spending. Issued by Stride Bank under a license from Mastercard International, it integrates the traditional debit card functionality with a unique stock rewards program.
3. Stash Invest Account: The earned stock rewards are held in the user's Stash Invest account. Stash Investments LLC provides investment products and services, differentiating it from Stride Bank. It's crucial to note that investments made through Stash are not FDIC insured, not bank guaranteed, and may lose value.
4. Eligibility Requirements: To be eligible for a Stash banking account, users must have also opened a taxable brokerage account on Stash. This requirement underscores the integration of banking and investment services in the Stash platform.
5. Stock-Back® Program Qualifications: Users earn stock rewards through the Stash Stock-Back® Debit Mastercard by making qualifying purchases. However, certain transactions like cash withdrawals, money orders, prepaid cards, and P2P payments do not count towards earning stock rewards.
6. Choice of Investments: If a qualifying purchase is made at a merchant not publicly traded or available on Stash, users can receive a stock reward in an ETF or other investment of their choice from a list of companies available on Stash.
7. Fees and Expenses: Users bear standard fees and expenses reflected in the pricing of the investments they earn. Additionally, Stash charges fees for various ancillary services. It's crucial for users to be aware of these costs associated with their investment activities.
8. Program Amendments and Cancellations: Stash reserves the right to amend the Stock-Back® program's terms and conditions or cancel the program at any time, providing notice to users. This flexibility is standard in financial services to adapt to changing market conditions and regulatory requirements.
In conclusion, the Stash Banking services, particularly the Stock-Back® program, present a unique blend of traditional banking services with innovative investment opportunities. Users should carefully review the terms and conditions to make informed decisions regarding their financial activities on the Stash platform.
