Ando Money, a digital bank, promises to invest its customers’ money in green initiatives while giving them a level transparency that is lacking with traditional institutions. Ando Money has partnered up with Community Federal Savings Bank in New York City, which offers Federal Deposit Insurance Corp. (FDIC insured bank accounts). McNeill, Ando’s CEO and Co-Founder, says the bank is also working with Coalition Bank which already has a green lending program. A feature of the bank’s mobile app, Ando Impact Center, allows customers to view how their money has been sorted.
Ando wants to invest in projects that are low-carbon, such as renewable agriculture, clean energy and sustainable infrastructure. Ando Money is a digital bank that helps you combat climate change. For a monthly charge, you can earn 5% APY and increase your savings. Ando Money can help you increase your savings up to 5%, fight climate change through green investments, and earn bonuses for recommending friends. You can get a 5% Bonus if you open an Ando Money account using a valid referral from an Ando customer.
Ando is one of the few online banks that allows cash deposits at locations such as CVS, Kroger and Rite Aid. Ando doesn’t charge a monthly service fee, nor does it require a deposit minimum to start. Ando Spending offers a good current account that does not require a minimum deposit or monthly fees.
Ando Money, in terms of its mission, is one of only a few banks that have made it clear that they are lending to businesses that combat climate change. While many other banks have supported climate change initiatives with donations and other means, Ando Money is the only one known to integrate this into their business models. Ando, on the other hand, gets right to the core of the issue by reducing compensation needed for projects that reduce CO2 emissions first. Your investments combine modern bank accounts with instant transaction notifications, apps, and conscious lending. Federal Savings Bank D, Ando’s partner Bank, is accredited by the Better Business Bureau.
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