Stockpile Pioneers First-Ever Tuition Rewards Program on Financial Learning Platform and Debuts Kids Debit Card as Part of New Family Banking Platform
Stockpile, an investment platform known for fractional trading and stock gift cards, has launched a new family banking service powered by Green Dot. This includes a kids’ debit card and the Stockpile Tuition Rewards Program, which helps families save for college tuition. The program, in partnership with SAGE Scholars, allows families to earn up to 4,800 Tuition Rewards points annually with a Family Plus membership ($7.95/month or $69.95/year), where each point is worth $1 towards tuition at nearly 500 colleges. Points never expire and can be transferred to family members. The Stockpile app offers a user-friendly interface promoting financial literacy through saving, investing, and budgeting tools. Families can join the waitlist for priority access to the app, launching in January 2025, and receive exclusive rewards.
Stockpile, una piattaforma di investimento conosciuta per il trading frazionale e le carte regalo per le azioni, ha lanciato un nuovo servizio bancario per famiglie supportato da Green Dot. Questo include una carta di debito per bambini e il Programma di Ricompense per la Retta Scolastica di Stockpile, che aiuta le famiglie a risparmiare per le spese universitarie. Il programma, in collaborazione con SAGE Scholars, consente alle famiglie di guadagnare fino a 4.800 punti di Ricompense per la Retta all'anno con un abbonamento Family Plus (7,95 $/mese o 69,95 $/anno), dove ogni punto vale 1 $ per le spese universitarie in quasi 500 college. I punti non scadono mai e possono essere trasferiti ai membri della famiglia. L'app Stockpile offre un'interfaccia user-friendly che promuove l'educazione finanziaria attraverso strumenti di risparmio, investimento e budgeting. Le famiglie possono unirsi alla lista d'attesa per avere accesso prioritario all'app, che sarà lanciata a gennaio 2025, e ricevere premi esclusivi.
Stockpile, una plataforma de inversión conocida por el comercio fraccionado y las tarjetas de regalo de acciones, ha lanzado un nuevo servicio bancario familiar impulsado por Green Dot. Esto incluye una tarjeta de débito para niños y el Programa de Recompensas por Matrícula de Stockpile, que ayuda a las familias a ahorrar para la matrícula universitaria. El programa, en asociación con SAGE Scholars, permite a las familias ganar hasta 4,800 puntos de Recompensas por Matrícula anualmente con una membresía Family Plus (7.95 $/mes o 69.95 $/año), donde cada punto vale 1 $ para matrícula en casi 500 universidades. Los puntos nunca caducan y pueden ser transferidos a miembros de la familia. La aplicación de Stockpile ofrece una interfaz fácil de usar que promueve la educación financiera a través de herramientas de ahorro, inversión y presupuesto. Las familias pueden unirse a la lista de espera para acceso prioritario a la aplicación, que se lanzará en enero de 2025, y recibir recompensas exclusivas.
Stockpile은 주식 차등 거래 및 주식 기프트 카드로 잘 알려진 투자 플랫폼으로, Green Dot이 지원하는 새로운 가족 은행 서비스를 출시했습니다. 여기에는 어린이용 직불 카드와 Stockpile 등록금 리워드 프로그램이 포함되어 있어 가족이 대학 등록금을 저축하도록 돕습니다. 이 프로그램은 SAGE Scholars와 협력하여 연간 최대 4,800개의 등록금 리워드 포인트를 Family Plus 멤버십(월 7.95달러 또는 연 69.95달러)으로 모을 수 있게 해주며, 각 포인트는 거의 500개의 대학 등록금에 대해 1달러의 가치가 있습니다. 포인트는 만료되지 않으며 가족 구성원에게 이전할 수 있습니다. Stockpile 앱은 저축, 투자 및 예산 도구를 통해 금융 교육을 촉진하는 사용자 친화적인 인터페이스를 제공합니다. 가족은 2025년 1월에 출시될 앱에 대한 우선 접근을 위해 대기자 명단에 가입하고 독점 보상을 받을 수 있습니다.
Stockpile, une plateforme d'investissement connue pour le trading fractionné et les cartes-cadeaux d'actions, a lancé un nouveau service bancaire familial propulsé par Green Dot. Cela inclut une carte de débit pour enfants et le Programme de Récompenses pour la Scolarité de Stockpile, qui aide les familles à épargner pour les frais de scolarité. Le programme, en partenariat avec SAGE Scholars, permet aux familles de gagner jusqu'à 4 800 points de Récompenses pour la Scolarité chaque année avec un abonnement Family Plus (7,95 $/mois ou 69,95 $/an), où chaque point vaut 1 $ pour les frais de scolarité dans près de 500 établissements. Les points n'expirent jamais et peuvent être transférés à des membres de la famille. L'application Stockpile propose une interface conviviale qui favorise l'éducation financière grâce à des outils d'épargne, d'investissement et de budgétisation. Les familles peuvent rejoindre la liste d'attente pour un accès prioritaire à l'application, qui sera lancée en janvier 2025, et recevoir des récompenses exclusives.
Stockpile, eine Investmentplattform, die für fractional trading und Aktienspende-Geschenkkarten bekannt ist, hat einen neuen Familienbankdienst gestartet, der von Green Dot unterstützt wird. Dies umfasst eine Debitkarte für Kinder und das Stockpile Studiengebühren-Belohnungsprogramm, das Familien hilft, für Studiengebühren zu sparen. Das Programm, in Partnerschaft mit SAGE Scholars, ermöglicht es Familien, jährlich bis zu 4.800 Studiengebühren-Belohnungspunkte mit einer Family Plus-Mitgliedschaft (7,95 $/Monat oder 69,95 $/Jahr) zu verdienen, wobei jeder Punkt 1 $ für die Studiengebühren an fast 500 Colleges wert ist. Die Punkte verfallen niemals und können auf Familienmitglieder übertragen werden. Die Stockpile-App bietet eine benutzerfreundliche Schnittstelle, die Finanzbildung durch Sparen, Investieren und Budgetierung fördert. Familien können sich auf die Warteliste setzen lassen, um priorisierten Zugriff auf die App zu erhalten, die im Januar 2025 gestartet wird, und exklusive Belohnungen erhalten.
- Launch of a new family banking service, including a kids’ debit card and Tuition Rewards Program.
- Potential to earn up to 4,800 Tuition Rewards points annually, translating to significant college tuition savings.
- Program incentivizes saving and investing, aligning with Stockpile’s philosophy.
- Points never expire and can be transferred to family members.
- Stockpile app offers a range of financial literacy tools.
- Family Plus membership costs $7.95/month or $69.95/year, which may deter some users.
Insights
Stockpile's new family banking platform, powered by Green Dot, introduces an innovative approach to financial education and college savings. The Stockpile Tuition Rewards® Program is a standout feature, offering families the potential to earn up to
The platform's 2.00
While the
Stockpile's Tuition Rewards Program addresses a critical need in the education finance landscape. With student loan debt affecting 43 million Americans, this proactive approach to college savings could significantly impact family financial planning. The program's structure, which rewards membership rather than spending, is a refreshing departure from traditional rewards systems and aligns well with financial literacy goals.
The potential to accumulate up to 72,000 points (
By integrating financial education with practical tools like debit cards and investment capabilities, Stockpile is creating a holistic learning environment for young people. This approach could lead to better-prepared college students and potentially reduce reliance on student loans in the future, addressing a major economic concern.
Stockpile, the First Company to Offer Fractional Trading and Gift Cards Redeemable for Stock, is Now Making It Easier for Families to Pay for College
"We made investing easy and affordable for families, and now we're doing the same for banking while solving one of parents' top financial stressors — paying for college," said Victor Wang, CEO of Stockpile. "Our new platform is designed to tackle the college affordability crisis, offering families a simple way to plan for one of their largest future expenses.”
How the Stockpile Tuition Rewards Program Works
Unlike traditional rewards programs that incentivize spending, Stockpile offers a new approach – kids don’t need to spend money on their cards for families to start accumulating Tuition Rewards points. Instead, the program incentivizes saving and investing, aligning with Stockpile’s philosophy of “Save, Invest, Spend,” in that order.
Families with a Stockpile Family Plus membership (
To put this into perspective, a family who starts an annual Family Plus membership when one of their children is two years old can accumulate a significant tuition discount, potentially earning up to 72,000 points (which translates to
The Stockpile App: Save, Invest, Spend – In That Order
The Stockpile app is touted for its user-friendly interface and practical financial education.5 With a Stockpile Family Plus membership, families receive access to a range of tools to build financial literacy:
-
SAVE: Kids enjoy
2.00% APY6 on their savings. - INVEST: Access stock market investing capabilities for one adult and up to five kids.
- SPEND: Utilize budgeting tools to foster mindful spending.
- EARN: Automatically receive Tuition Rewards for the family.
In today’s digital world, having a debit card provides kids with a tangible connection to how money works in real life. While saving and investing are prioritized, the debit card allows kids to understand the flow of money, linking what’s in their account provided via the Stockpile app to real-world spending decisions.
“Giving kids their own debit card isn’t just about spending. It’s about teaching them the full circle of financial responsibility,” added Wang. “When kids see how saving, investing, and spending all connect through their card and app, they learn how to make financial choices that set them up for long-term success.”
Empowering the Next Generation of Financial Success
With nearly 43 million Americans7 carrying student loan debt in 2024, Stockpile’s platform meets a growing need for financial literacy tools tailored to the next generation. Today’s parents are proactively seeking resources that were not available to them growing up, to assist their children in being better prepared for the future.
“I didn’t have the opportunity to learn about saving and investing when I was young,” said Ianthe Spaulding, a 40-year-old mother from
Join the Waitlist and Secure Tuition Rewards
Families can join the waitlist to receive priority access to the new app, expected to start rolling out in January 2025. Waitlist members who sign up and pay for a Stockpile membership can receive an exclusive 1,000 Tuition Rewards points (
Parents can secure a spot and get a head start earning Tuition Rewards by joining the waitlist today at www.stockpile.com.
About Stockpile
Stockpile, Inc., founded in 2010 and headquartered in
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably and with confidence. Green Dot’s technology platform enables it to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money and making financial empowerment more accessible for all.
Green Dot offers a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. Its flagship digital banking platform GO2bank offers consumers simple and accessible mobile banking designed to help improve financial health over time. The company’s banking platform services business enables a growing list of the world’s largest and most trusted consumer and technology brands to deploy customized, seamless, value-driven money management solutions for their customers.
Founded in 1999, Green Dot has served more than 33 million customers directly and many millions more through its partners. The Green Dot Network of more than 90,000 retail distribution locations nationwide, more than all remaining bank branches in the
About Tuition Rewards
The Stockpile Tuition Rewards® Program is provided by SAGE Scholars Tuition Rewards. Eligibility requirements, membership fees, and terms apply. Green Dot Bank is not affiliated with and does not endorse or sponsor the rewards program. For more information visit tuitionrewards.com.
___________________________
Disclaimer
1 Stockpile Investment Advisors, Inc. is currently in the process of registering as an investment adviser with the
In anticipation of receiving SEC registration, Stockpile Investment Advisors, Inc. is offering prospective clients the opportunity to join a waitlist for our advisory services. By joining the waitlist, you will be among the first to receive updates regarding our registration status and will have priority access to our services once our registration is approved by the SEC.
Important Information
- Pending Approval: Stockpile Investment Advisors, Inc. is in the process of registering with the SEC as a registered investment adviser (RIA). Registration with the SEC is currently pending and subject to regulatory review and approval.
- No Advisory Services Until Registered: Until our registration is approved, Stockpile Investment Advisors, Inc. will not provide any investment advisory services, including financial planning, portfolio management, or any other service that involves providing investment advice for compensation.
- No Client Agreements or Fees: Stockpile Investment Advisors, Inc. will not enter into any advisory agreements or charge any fees related to investment advisory services until the SEC approves our registration. At that time, Stockpile Investment Advisors, Inc. will notify waitlist participants and provide additional information regarding our services, fees, and any required client documentation.
- Join the Waitlist: If you are interested in becoming a client once our registration is approved, you may join our waitlist. This non-binding waitlist simply indicates your interest in our services and does not obligate you or Stockpile Investment Advisors, Inc. in any way.
- Notification of Registration: Once the SEC has approved our registration, Stockpile Investment Advisors, Inc. will notify all waitlist participants and provide the necessary documentation, including our Form ADV Part 2A (Brochure), which contains detailed information about our services, fees, and potential conflicts of interest.
- Important Notice Regarding SEC Registration: It is important to understand that SEC registration as an investment adviser does not imply any level of skill or training as determined by the SEC. Registration simply means that the Firm is authorized to offer investment advisory services and is subject to the SEC’s regulatory oversight.
- Brokerage services are provided by Apex Clearing Corporation, a SEC registered broker dealer and a Member of FINRA.
2 Stockpile is a financial technology company, not a bank. Banking services are provided by Green Dot Bank, Member FDIC. Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.
3 The Stockpile Tuition Rewards Program is provided by SAGE Scholars Tuition Rewards and Tuition Rewards® is a Registered Trademark of SAGE Scholars, Inc. Eligibility requirements, membership fees and terms apply. The
4 Projected Tuition Rewards balance is based on a family starting an annual Family Plus membership when one of their children is two years old. Family Plus members earn 2,400 Tuition Rewards points when they sign up and pay for an annual membership (as well as on every renewal), and 200 points every month their membership is active, for a total of 4,800 points per year. By the time the same child is 17 and ready to apply for college, the family would have 72,000 points (15 years x 4,800 points per year = 72,000 points). The monthly Family Plus membership (
5 Featured as “Best Investment App for Beginners” in Business Insider (08/2024), “Best Investment App for Parents” in Forbes (05/2022), and “A Top Brokerage for Teaching Kids” by The Motley Fool Ascent (05/2024). Endorsements by third parties are voluntary and represent only the experience of that third party at the time the endorsement was provided. Such endorsements may be based on a variety of factors including, but not limited to, cost, product features, customer support, etc., and may not reflect the experiences of other third parties or clients. No compensation has been provided in exchange for the endorsements. Endorsements may be based on past experience and past performance is not a guarantee of future results.
6 Interest paid monthly on the average daily balance of all savings vaults during the month if the account is in good standing. Fees on your primary deposit account may reduce earnings on your savings vaults.
7 Data regarding student loan debt statistics is sourced from Education Data, which provides insights on the state of student loans in the
8 No compensation was paid for this testimonial and it may not be representative of the experience of other customers. Past performance is not a guarantee of future results.
9 Families can receive a one-time incentive of 1,000 Tuition Rewards points with either a Family Base membership (
View source version on businesswire.com: https://www.businesswire.com/news/home/20241022218737/en/
Media Contact
Sparkpr for Stockpile
stockpile@sparkpr.com
Source: Stockpile
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