PASADENA, Calif.—Green Dot intends to provide a bank account and Visa debit card linked to a mobile platform from Los Angeles-based Welcome Technologies Inc., the company announced.
Welcome Technologies serves approximately two-million active users.
The bank account, branded PODERcard, will be aimed at the U.S. Hispanic community—poder means power in Spanish.
Features include a Spanish/English interface and no monthly fees or required minimums. The Visa card carries no fees and allows free access to more than 19,000 ATMs, the companies said, Digital Transactions reported.
“The PODERcard is more than just a debit card or mobile bank account, it’s one of the first of many steps our users will take to secure a more financially stable future for themselves and their families,” Amir Hemmat, chief executive of Welcome Technologies, said. “We are challenging the status quo to ensure immigrant communities get fair and secure financial options.”