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The best online bank of 2020 is now even better. Radius has joined America’s largest personal loan company to offer our members access to fair credit, competitive rates, and the financial tools to help you get out of debt and make the most of your money.

Radius Partners with Wallit

Digital tools to help improve financial literacy for Gen Z now available through the Wallit app

See the original press release

BOSTON – September
23, 2019
Radius Bank, an industry-leading digital bank, today announced its partnership with
Wallit, a rewards-based savings app for families
with teens that rewards users when they save and spend money. Radius will serve Wallit as a banking partner providing FDIC

parents open a Wallit account for themselves and their children, they can link
their personal checking or savings account(s) within the Wallit app to:  

  • Earn cash rewards for real-world achievements, such as completing savings goals or items on a to-do list 
  • Budget and track monthly spending
  • Establish savings and spending goals 
  • Automate funding methods to make saving easier and rewarding
  • Gain real-time access to account balance and transaction activity
  • Automate and manage allowances and chores
  • Send money instantly for any reason at all
  • Shop Wallit’s virtual mall for a selection of the top brands in footwear and apparel, dining, cosmetics, gaming, and entertainment, and more

the Gen Z generation does is digital, so it makes sense to teach them money management
in a way they can inherently understand,” said Mike Butler, President and CEO
of Radius Bank. “Wallit’s easy and engaging digital experience allows parents
to teach teens to earn, budget, spend and save the right way to learn healthy
financial habits.”

financial literacy for Gen Z through early financial education and digital
tools is crucial to the financial wellness of the next generation of consumers.
This partnership represents the Bank and Wallit’s shared commitment to ensuring
every consumer has equal access to essential banking products and services as
well as possess the knowledge at an early stage in order to manage finances as
they prepare to go on to college or enter the workforce.

“The Gen Z
and Millennial segments represent an attractive and growing consumer market,
but many companies often have difficulty finding ways to appeal and engage
these new potential customers,” said Mike Vien, CEO of Wallit. “We’re excited
to have Radius as a partner as today’s announcement represents a unique opportunity
and the beginning of a fundamental shift in financial services to meet the
needs of younger, tech-savvy generations and to establish the building blocks
for long-term financial wellness.”

To learn
more about Wallit, visit

To learn more about partnership
opportunities at Radius Bank, visit


Radius Bank

assets of approximately $1.4 billion, Radius Bank is a forward-thinking digital
bank committed to providing a full complement of accounts and services to meet
the banking needs of consumers and businesses nationwide. Radius
provides the product depth of a national brand, the technology of a
fintech, and the personalized attention typically reserved for a local bank to
consumers, small and middle market businesses, unions, government entities and
non-profit organizations. The Bank’s award-winning digital banking platform
allows consumer clients to bank from anywhere with a computer or mobile device
and provides convenient features such as check deposit, bill pay, card
management, and a personal financial management dashboard. Business clients
enjoy a wide array of award-winning deposit products, advanced treasury
management services, and loan and payment solutions.  In addition, Radius’ suite of open APIs
deliver a robust banking-as-a-service (Baas) platform for fintechs to quickly
access core banking features and build best-in-class financial solutions.
Radius specializes in partnering with forward-thinking fintechs to provide
white-label deposit products, cards, digital onboarding, and account
management.  Radius Bank is a member of
the Federal Deposit Insurance Corporation and is an Equal Housing/Equal
Opportunity Lender. For further information, visit the Bank’s website at, or follow the Bank
on Twitter, LinkedIn, Facebook, and Instagram. 

About Wallit

is a free rewards-based savings app for families that empowers teens and their
parents to manage money better with an easy way to earn cash rewards on their
everyday saving and spending. Wallit partners with leading banks, credit unions
and other financial service organizations that are looking to reach Millennial
and Gen Z customers by offering rewards for real-world achievements, such as
completing savings goals or items on a to-do list. Headquartered in Portland, Maine with offices in Boston, Wallit is backed by leading Boston-based venture capital firms BlueIO, Mendoza
Ventures and BoxOne Ventures, with financing through a partnership with the
Maine Technology Institute (MTI) and the Finance Authority of Maine (FAME). For more information, visit or follow
us on FacebookInstagramTwitter and LinkedIn.