Galileo Processing Launches Bank Accounts for Financial Advisors

Prepaid card manager Galileo Processing has developed a white label digital banking product exclusively for financial advisors; the bank accounts will allow financial advisors to offer bank accounts and therefore give clients the ability to see all of their money in one place; the Money Plus Reserve Account pays 2 percent interest and the Money Plus checking account or spending account pays 1.24 percent; Ron Carson, the CEO and chairman of the Carson Group, said in an email to American Banker. “It’s one more way advisers can further entrench themselves into helping manage their clients’ financial lives without them needing another service provider.” Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.