Marygold & Co. offers you an all-in-one app for your mobile banking and payment needs. The mobile app provides contactless payments, no minimums or credit checks, and zero banking fees. Additionally, you get paid early and access PayAnyone capabilities that allow you to send money to anyone in the U.S.
Marygold & Co. is a financial technology company and not a bank. Deposits insured by the FDIC, up to the allowable limit by our issuing and deposit bank partner(s).
What is Marygold & Co.?
Marygold & Co. is a mobile app with the tools to help you organize your finances. Nicholas Gerber, the founder of Marygold & Co, detests how the financial system is divided into several parts like mortgages, insurance, banking, brokerage etc. He created Marygold & Co to provide everyone with old-fashioned, personal-touch, comprehensive, private banking services.
How Does Marygold & Co. Work?
Marygold & Co.’s founder used financial technology to make an app that gives you easy and efficient control over your finances. After opening an account, you’ll receive a contactless Debit Mastercard and a physical one within seven days. You’ll access a user-friendly mobile app that lets you control your money wherever and at any time. You’ll also access various features that a traditional bank doesn’t offer.
While you can only open one account, you’ll access a Money Pool option to open multiple savings accounts for specific financial goals. It helps you track how much you are working towards something. It could include accounts for a vacation, school, retirement, car, and other things you may want to purchase or do.
What are Marygold & Co. App Features?
The Marygold & Co. mobile offers users several features to help them improve their financial health. Here are the features you’ll access:
Contactless Debit Mastercard
The contact Debit Mastercard revolutionizes payments, making them simpler, safer and more convenient. The parks of using the contactless Debit Mastercard include:
- Paying through a simple tap
- Paying without inputting a pin or signature
- Authenticated payments
- Soon to feature Apple Pay, Google Pay, Samsung Pay Support, and Marygold & Co. Contactless Bracelets and Key Fobs
Money Pools allow you to organize your financial goals, open an account for each, make a deposit, and track how much you save. Whether you want to save for a car, date, house, or wedding, the feature allows you to create unlimited accounts.
Each account is customizable. You can choose which goal is short and long-term and prioritize the ones you want to achieve faster. You’ll then set the amount you want to save, select a timeline and make a deposit. You’ll then track how much you are saving and whether you’ll meet your goals within the timeline.
Here are ways you can protect your money with their security features:
- Two-factor authentication, including Face ID
- Continuous suspicious activity monitoring
- Freeze your card whenever you feel like you misplaced your card or when not using it
- FDIC insured up to $250,000 per depositor
- Secure registration process
- Freeze your debit Mastercard whenever you are not using it or when you think you have misplaced it. You also access two-factor authentication.
The split bill feature allows you to simplify payment whenever more than one person has to pay. Whether it is more a meal, road trip, or bar bill, you’ll open the billing tab in the app, add all the participants, and allocate the amount each has to pay. That way, you can avoid the tedious task of asking your friends or family to pay back.
PayAnyone allows you to pay anyone in the United States, even if they are not clients of Marygold & Co. You’ll pay the recipient’s number or email, and they can choose how they want to withdraw the payment. The funds can be deposited immediately into an existing account or through a digital or paper check.
Get Paid Early
Marygold & Co. allows you to receive your paycheck two days in advance. All you have to do is set up direct deposit to your mobile banking account, and your paycheck is posted as soon as Marygold & Co. receives the money. Select “Move Money” on your Home screen and click “Set up direct deposit”.
What are the Pros and Cons of Marygold & Co.?
Here are the pros and cons of Marygold & Co.
- No minimums or credit checks required
- Quick and easier access to funds
- Bonuses and rewards on all accounts
- Contactless payments
- Deposits are insured up to certain levels
- It doesn’t offer everything a traditional bank offers
How Does Marygold & Co. Compare?
The pros of using Marygold & Co. outweigh the cons by far. The application revolutionizes mobile banking by leveraging technology to provide faster, easier, and more reliable mobile banking. It provides what traditional banks offer and adds perks that they don’t.
Is Marygold & Co. Worth It?
Marigold & Co. is ideal for anyone who wants easier access and better management of their finances. The mobile financial application provides tools that traditional banks don’t offer. You’ll access split bill features that allow you to split a bill among everyone involved, send money to anyone, and save and track saving for a specific goal. You also don’t get charged any fees for using the app.
How to Get Started with Marygold & Co.
You can open a Marygold & Co. account with an invite or through their website. On the website, click on Sign up for the waitlist and fill out the provided list to get added to the waiting list. You’ll receive an email giving you directions on how to sign up.
You’ll need the following:
- Selfie for a liveness check
- U.S. government-issued I.D.
- Home address
- Date of birth
- Social security number
- Phone number
- Email address
They may need additional documentation to verify your identity in some cases.