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Galileo announces Money+, a mobile-only, customer-first, banking solution that enables financial advisors to offer high-interest rate, FDIC-insured bank account alternatives

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Galileo announces Money+, a mobile-only, customer-first, banking solution that enables financial advisors to offer high-interest rate, FDIC-insured bank account alternatives

CHICAGOMay 8, 2019 /PRNewswire/ — Galileo, the technology company that powers disruptive innovation for the most brilliant fintechs, next-gen financial institutions and investment firms in North America, today announced another quantum leap forward in the delivery of banking services—Galileo Money+, a new mobile-only banking service, available exclusively through financial advisors.

Galileo Money+ empowers financial advisors to compete for the $10 trillion in low- or no-interest U.S. bank deposits by offering their customers supercharged, white-labeled accounts for spending and wealth accumulation, featuring market-based interest rates tied to the Effective Federal Funds Rate. Account functionality includes online and in-store shopping and access to 32,000 no-fee ATMs; a mobile app for moving money, including paying bills; and FDIC insurance—all offered with no monthly service fees.

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