Personal finance management app, 'Qapital,' has officially launched the Qapital checking account and debit card.
Qapital helps its users save money daily with its customizable rules. Users make up a savings rule -- for example, each time they go to the gym, they put ten dollars away -- and the money generated from that rule is then transferred into a Qapital checking account from the user's primary bank account. This allows users to pay for the purchases they have been saving for directly from their Qapital account, without having to transfer the funds to their primary bank account.
The Qapital checking account and debit card has been launched in partnership with 'Lincoln Savings Bank' and omits any miscellaneous or overdraft fees. With more companies challenging larger financial institutions, and launching Millennial-focused debit cards and checking accounts, consumers will continue to benefit from the added savings and accessibility offered by these brands.