Connect with us

Hi, what are you looking for?

Loan And Finance

Ando Money Lets You Fight Climate Change — And Get Paid Two Days Early

The United Nations calls climate change “the defining crisis of our time.” In a culture obsessed with instant gratification — and with world leaders caught up in the politics of it all — the rest of us can be left feeling helpless about it.

What exactly can we do to have an impact? Stick expensive solar panels on the roof? Switch to a plant-based diet? Take shorter showers?

Of course, all these endeavors are worthwhile, but there’s a surprisingly simple move you can make to have a big impact on fighting climate change: changing where you bank.

Banking’s dirty secret is that banks are huge contributors to the climate crisis, investing trillions of dollars of their customers’ deposits into fossil fuels.

That’s why we like Ando, an online banking platform that only invests in companies that are directly fighting climate change. On top of that, Ando lets you get paid two days early and never charges a fee for any of its features.

How Switching Where You Bank Can Fight Climate Change

Ando is a state-of-the-art mobile banking platform with all the features you’d expect in today’s digital-first world. Once you set up direct deposits, it won’t charge you any fees for anything, ever. Here are some of our favorite features:

Get paid two days early: When you get paid via direct deposit, you can access those funds up to two days early. Unlike many financial institutions, Ando gives you access to your money when you need it.

No overdraft fees: Unlike virtually all the brick-and-mortar banks, Ando doesn’t charge you for overdraft protection.

Advertisement. Scroll to continue reading.

Checking account: Ando comes with a Visa Debit Card with no minimum deposit required and easy remote deposits and digital payments.

Referral bonuses: Invite up to five friends to join Ando, and you can boost your savings account interest rate up to 5% APY. Plus, you and each friend can earn up to $15 with Ando friend referrals.

ATMs: You can get cash with your debit card at more than 34,000 ATMs across the country with no fees. There’s a $2.95 fee for out-of-network ATMs.

Customer service: Available seven days a week via email or phone.

Insured: Money in your Ando account is FDIC-insured for up to $250,000.

How the Other Guys Use Your Money

Where do most banks invest your deposits — more than 90 cents of every dollar? Fossil fuel companies and their ultra high polluting projects. They’re using your money to contribute to the climate crisis.

“Most people don’t realize that the money we have on deposit is utilized by the bank to make loans and purchase securities,” says Ando’s founder, JP McNeill. “This is how traditional banks make money.”

The big banks are largely bankrolling the fossil fuel industries, to the tune of nearly $3 trillion in the last five years alone.

Where does Ando invest your deposits? Clean, renewable energy, sustainable transportation, regenerative agriculture and green buildings. Ando invests exclusively in green initiatives and is 100% transparent as to where those investments are made.

Advertisement. Scroll to continue reading.

How to Get Started

For too long, you’ve had no control over how your bank uses your hard-earned money. Now there’s something you can do about it. Sign up with Ando via their app, which is available for iOS or Android.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder.


Source link

Click to comment

Leave a Reply



Top Stories

Crypto exchange Huobi’s research arm, Huobi Research, has identified a rising interest in blockchain gaming as a direct impact from GameFi initiatives. GameFi implies...


Source: Stephen Warwick / iMore As reported by Patently Apple, Apple has won a patent that shows Touch ID controls integrated into an Apple...

Top Stories

The cryptocurrency market slid lower on Dec. 28 as the price of Bitcoin (BTC) lost nearly $4,000 in value in a matter of hours...

Loan And Finance

2019 research published by the American Public Health Association found that medical bankruptcy remained a common issue in the country despite the implementation of...

Online Business Success

— Reuters/File Benchmark KSE-100 index gains 130.30 points. Anticipation of a mini-budget played on investors’ minds. Sectors contributing to the performance include technology and...

Top Stories

It looks as though the year-end rally that many crypto traders had hoped for will have to wait until 2022, as Bitcoin (BTC) bears...

Top Stories

Ethereum is having difficulty keeping its richest investors in line as its native token, Ether (ETH), hints at logging more losses in the near...

Top Stories

Hatu is the co-founder and chief strategy officer of DAO Maker, which creates growth technologies and funding frameworks for startups while simultaneously reducing risks...


You May Also Like

SEO Guide

How to index website on Google? Do you want to drive more organic traffic to your new website? I am sure your answer is...

SEO Guide

There are all kinds of pictures of the world on the internet, but to find one of these specific pictures that you want to...


In this post, I will discuss the top ten profitable blogging niches ideas for Adsense approval and high traffic. whether you use Blogger or...

SEO Guide

Want to rank in Google image search? Images that you use as a featured images when writing a post actually appear on Google Images...