Kinly is a financial technology company with the mission of empowering Black communities, leveling the playing field so that Black Americans are not disproportionately affected by banking fees, and helping Black families to build generational wealth.
What Are the Benefits of Kinly?
Kinly is designed to support Black Americans seeking to take more control of their finances.
Get Paid Early
With a Kinly account, you can access your paychecks up to two days early. So as soon as your employer submits their payroll, you’ll see your paycheck in your account — deposits often happen up to two days earlier than with other accounts. This feature helps you stay ahead of bills and start building your savings.
No Hidden Fees
Kinly does charge monthly fees or minimum balance fees. They are transparent about any fees they charge, so account holders are never surprised. Because there are no monthly or minimum balance fees, this account is more affordable for those just starting out or who want a cheaper checking account option.
Overdraft Protection
Kinly helps you avoid overdraft fees by offering overdraft protection on negative balances up to $100 for qualifying members. However, not all purchases are eligible for overdraft protection.
Fee-free ATMs
With your debit card, you can access over 55,000 fee-free ATMs across the United States. This makes it easy to access your funds without having to pay extra fees.
Financial Education
Kinly is committed to helping its users become more financially literate. Its website provides articles and podcasts on a variety of topics. And once you join and download the app, you can access a collection of educational resources covering budgeting, investing, retirement planning, and more. You’ll also be able to access a network of financial advisors — Money Mentors — who can provide personalized advice tailored to your needs. Through these resources, Kinly hopes to empower its users with the knowledge they need to make informed financial decisions.
Security and Control
Kinly takes security and control seriously, offering features to help you manage your finances safely. Kinly encrypts all user data and stores it securely on its servers. In addition, the app uses 256-bit TLS encryption and multi-factor authentication. Deposits are also FDIC insured up to $250,000 through The Bancorp Bank.
Who Is Kinly Best For?
Kinly is a good fit for anyone who feels at a disadvantage when accessing banking and other financial services or who finds typical banking fees onerous.
This tool is also ideal for anyone looking to save money, build their credit score, and become more financially literate. The app provides users with the tools and support to help them make informed decisions about their finances.
Overall, this is an excellent choice for anyone looking for a convenient and secure mobile banking platform that caters specifically to the African-American community. With its early payment option, low-fee structure, and financial education resources, you’ll find managing your finances is more straightforward.
Is Kinly Right for You?
Whether you’re opening your first bank account or are an experienced saver, Kinly can help you save faster by eliminating the fees you might incur through other banking platforms.
The platform also provides you with the tools your need to make informed decisions about your finances. Because of its commitment to financial education and its low, often non-existent fees, you’ll be better able to take control of your financial future.
How to Get Started with Kinly
Getting started is easy. All you need to do is:
- Download the app and create an account.
- Begin exploring the platform’s features, request your debit card, and begin taking advantage of its resources.
