Eco — Narrative
- When you put money in your bank... (The following is simplified for educational purposes.)
- it's easy to forget it doesn’t just sit there
- They loan it out to someone else
- whom they charge 3% interest
- while giving you almost nothing back.
- Your money is actually loaned out to several parties...
- ... who all get similar deals
- because the banks can only win when you lose.
- The result is that no matter what you do
- you're always losing money. Even when you're doing nothing.
- Even worse, you're charged a fee every time you do anything.
- They charge you for the privilege of loaning out your own money with...
- … and overdraft protection fees
- And finally, to add insult to injury…
- Monthly “convenience” fees.
- You may think using your credit card is free
- but every time you swipe your card
- when you buy online, Facebook and Google take a piece
- while interchange fees go to card networks and banks.
- You don't see these fees because they're covered by merchants
- but you're still paying for them.
- And every other financial app you use does it too
- which is compounded by what hurts the most...
- Having your financial life spread out in a zillion places...
- Making it impossible to keep track of your money...
- Making it impossible to make informed financial decisions...
- Which leads to the stress that comes with knowing you're not doing what you should be...
- Eco helps you #takeyourcashback
- and puts your money back to work for you.
- Earning 2.5% APY Rewards on your balance... and Eco Points.
- Every time you spend at the places you use most — Uber, Amazon, and more...
- you get 5% cashback. And Eco Points.
- Every time you spend with your Eco Card
- you get even more Eco Points.
- every time you pay your bills.
- And even when you're doing nothing
- Eco is still working for you
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