Stilt - Free US bank account and card for Immigrants
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A bank account for immigrants which is pre-approved and ready to use before you arrive in the US. ZERO Fees - No overdraft fees. No NSFs. No Annual Fee. Ever. Get credit up to $5,000. No SSN Required. Deposits are FDIC insured up to $250K.
I remember how hard it was to get started here when I had just landed. We used travel cards for the first few months. This is such a great product for immigrants!
Roommate just went through the problem of making a US bank account, took him a whole month+ to resolve it, during which he couldn't get paid easily, or even transact... glad Stilt's launched this, it's sorely needed
@gurp_grewal Thanks Gurp! We hope to make it easier for people moving to the US.
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I have taken a loan from stilt, my credit was pretty new (month old ssn) and i was starving of cash. Stilt loan helped me set up my home and bring my family to usa. They really understand the banking services required by new immigrants in the country. I really appreciate them. And i know the pain of getting a bank account without ssn. This should definitely help new immigrants.
@adornala Thanks Amarnath! We are always looking for supporters and will definitely reach out.
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This is definitely a great product amid the myriad of challenges it may face due to strong competition from incumbent too-big-to-fail banks and fintech-oriented BaaS-supported like Chime, Simple and the rest. Creativity will be key for a successful launch as well as a clever product strategy to keep the brand relevant over time. I wish you the best of success.
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