This release is from December 20, 2022. 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., Dec. 20, 2022 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched Beneficiaries, a new section in the Tellus app where customers can add, edit and remove beneficiaries for their Tellus account.
A beneficiary is a person or organization that a customer names to receive some or all of their account proceeds if they pass away. Naming a beneficiary is a good habit whenever someone opens a financial account. Beneficiaries can be individuals or organizations, such as a trust or an estate. As life changes, customers can edit or remove beneficiaries from their account at any time.
What customers get:
- Up to five beneficiaries. Customers can add up to five beneficiaries to their account.
- People or organizations. A beneficiary can be an individual or an organization, such as a trust or an estate.
- Simple details. For each beneficiary, customers enter a full name, date of birth, email address, address and relationship.
- Easy changes. Customers can edit or delete a beneficiary whenever their plans change.
- Clear explanations. An info page in the app explains what beneficiaries are and what happens to a customer’s funds.
How it works:
- Go to Profile > Beneficiaries.
- Tap the info icon to read how beneficiaries work at Tellus.
- Add a beneficiary and enter their name, date of birth, email, address and relationship.
- Return to Profile > Beneficiaries at any time to edit or remove a beneficiary.
Beneficiaries are available today in the Tellus app.
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. Get more details in our How it Works page.
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
