This release is from July 9, 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., July 9, 2024 — Tellus App, Inc. (“Tellus”), the proptech company behind the Tellus savings app, today launched a redesigned transfer experience in the Tellus app for iPhone and Android. Customers now pick the kind of transfer first: a deposit from their bank, a withdrawal to their bank, or a move between their Tellus accounts.
Before this update, every transfer started on the same screen. Customers set the “from” and “to” accounts themselves to decide which way the money moved. Some customers made a deposit when they meant to make a withdrawal, then had to contact support and wait several business days to move the money back.
The new design removes that guesswork. When a customer taps Transfer, the app asks what they want to do. Each choice opens its own flow, with titles, labels and buttons written for that action.
What customers get:
- A clear first step. A short menu asks whether the customer wants to deposit, withdraw or transfer between Tellus accounts.
- Separate flows. A deposit can only move money from a linked bank account into a Tellus account. A withdrawal can only move money out to the linked bank account. Moves between Tellus accounts go only between the customer’s own Tellus accounts.
- Plain wording. Screen titles, labels and buttons now say exactly what will happen, such as where a deposit is going.
- One review screen. Customers still see the accounts, balances and amount together before they confirm.
How it works:
- Tap Transfer on the Wallet tab or inside a Tellus account.
- Choose the kind of transfer from the menu.
- Pick the account, enter the amount and review the details on one screen.
- Confirm. The transfer appears in the account’s activity.
Recurring deposits, Stacks and Vault funding continue to work as before.
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
