At Synapse, neobanks can use our Deposit Hub for many other applications that require an embedded deposit account. These applications include support for other business applications, including digital wallets, payment accounts, debit cards, and spend cards. We’ve seen them used most frequently for digital wallets, merchant processing, savings accounts, debit cards, and spend cards
Synapse’s Deposit Hub powers neobanks and full-featured consumer budgeting apps, payroll platforms, and more. With Deposit Hub, you can customize unique products and bring them to market in weeks, not months. Account types available include interest-bearing deposit accounts, custody accounts, clearing accounts and FBO sub accounts. If you’re interested you can learn more here.
* Synapse Financial Technologies, Inc. is not a Bank.
Deposit, Banking and Card services are provided by Synapse Financial Technologies, Inc.’s partner banks.