Remitly Aims to Serve Immigrants with New Bank Offering

Remitly is best known for their money transfer service but is now launching Passbook, a bank for immigrants that don’t have a social security number or standard ID; Remitly CEO and co-founder Matt Oppenheimer shared with Tearsheet, “Passbook was born from countless hours listening to customers’ experiences navigating financial services not built for them…Our team has a unique ability to deliver industry-changing products for immigrants. We’re going to change banking like we changed remittances.” Passbook comes with a Visa debit card issued by Sunrise Banks which can be used globally and there are no monthly fees; users will also get access to special pricing when they use Remitly to transfer money. Tear Sheet 

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.