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About: PerkStreet     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:SocialGroup107950920, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatBanksOfTheUnitedStatesyago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntitybankorganisationyago:SocialGroup107950920 New Facet based on Instances of this Class

PerkStreet Financial was an American-based virtual bank that offered checking and debit card accounts with cash-back rewards. PerkStreet was one of the first so called Challenger Banks and was followed by players such as BankSimple (later renamed Simple) and Moven. The company was founded in Boston, Massachusetts in November 2009, and was led by former Capital One executive Dan O'Malley and Jason Henrichs. With no bank branches, PerkStreet Financial had low operating costs. However, a cash-back rewards program that approached 2% for some debit card accounts turned out to be unsustainable, and contributed to the company's closure in 2013.