This release is from September 18, 2024. The rates and terms it describes applied on that date and may have changed since. Current rates and terms are at tellusapp.com.
MOUNTAIN VIEW, Calif., Sept. 18, 2024 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched MoneyKit bank linking in the Tellus app. Eligible customers can now use MoneyKit to connect a checking or savings account to Tellus, alongside the existing Plaid option.
A linked bank account is how customers move money into and out of Tellus. Some customers could not find their bank, or could not finish linking it, through a single provider. MoneyKit gives them another route to the same result: a verified bank account that is ready for deposits and withdrawals.
What customers get:
- More banks to choose from. With MoneyKit as a second option, more customers can find and link their own bank.
- Sign in with your bank. For banks that use their own sign-in page, customers log in with their bank and are returned to the Tellus app automatically when they finish.
- Checking or savings. Customers can link either a checking or a savings account.
- Verified as you link. Accounts linked through MoneyKit are verified as part of the linking flow, so customers can start moving money without extra steps.
- A backup option. If a customer cannot find their bank, they can tap “Try another way” and verify the account with micro-deposits instead.
- Works across the app. The same flow is used when linking a bank during sign-up, when linking one later, and in Tellus Property Management.
How it works:
- At the “Link bank account” step, the customer starts the bank-linking flow.
- They search for their bank in MoneyKit and sign in.
- They pick the checking or savings account they want to use.
- They return to Tellus, where the account is linked and ready for deposits and withdrawals.
MoneyKit bank linking is available to eligible customers. Plaid remains available for bank linking.
The Tellus app is available on the App Store and Google Play.
About Tellus
Tellus App, Inc. is a proptech company headquartered in Silicon Valley. The Tellus savings app helps people save with cash accounts powered by real estate, and gives independent landlords property management software.
Tellus is not a bank. Tellus is not FDIC-insured. The Boost Account, Reserve Account, Stacks and Vaults are not deposit accounts and are not FDIC-insured.
Rewards on Tellus’s non-deposit accounts vary and are determined by each customer’s actions and choices in the app.
See www.TellusApp.com for full terms and conditions.
Media contact: press@tellusapp.com
