Sequin Banking Membership - Checking at HYSA rates! Banking by women, for women

Hi everyone! We’re Vrinda + Mark, two payments experts (Visa & PayPal) on a mission to close gender-based financial gaps - more below. I developed the Chase Sapphire Reserve at Visa, and was rejected (!) because I lacked credit history due to heavy debit usage. Turns out, 70% of women’s spend is primarily on debit like mine was (Visa data). ❓The Problem: The financial world was designed to leave women out of the narrative. Women could be rejected from bank accounts, credit cards, and business loans until 1974 - not ancient history. Despite the fact that women control over $20T in consumer spending globally, women continue to be systemically disadvantaged when it comes to our finances: -Women’s spend is disproportionately linked to traditional checking accounts, that earn low to no interest (Visa data). -Women are more likely to pay avoidable banking fees like overdraft fees, costing $218/yr on average. -Women lack financial education which leads us to manage our finances suboptimally, including paying higher interest rates, carrying credit card debt, or being rejected from credit cards more often. The original Sequin Card concept was a debit card that builds credit. However, we sunset that product to address gendered financial gaps when they start - with young women’s checking accounts. 💪🏽 Our Solution: ✨Sequin Banking Members unlock High-Interest *Checking*: 3.31% APY that grows your everyday checking at HYSA rates! Membership includes a customizable Visa® Debit Card, financial education, community and perks like Rent the Runway, Flex, and more! - designed by women, for women. All genders welcome! ✨ The Sequin Banking Membership is designed with women’s best interests in mind - literally! -Your checking balance earns high interest like HYSA, without having to lock money away (3.31% APY as of 5/5/23). -Unbiased Recommendations: Sequin doesn’t rely on affiliates, so we can provide unbiased credit card recommendations. We’re also building the ability to link credit cards and receive personalized suggestions to pay off debt or build credit (coming soon)! -No surprise fees, overdrafts, minimums, or “gotchas”. Banking built by women, for women (all genders welcome!). Women’s financial health is at a five-year low. Here’s how Sequin Banking Members spark joy: -Financial education: workshops, how-to guides, and courses. -Community: talk money, woman to woman. -Personalized Coral-Colored Card: Write a favorite motto/affirmation “Who run the world!” -Fight the Pink Tax!: $500+ in savings on women’s health and wellness partners. Who is the Sequin Banking Membership for? ♥️ When products are designed with women in mind, they work better for everyone (all genders welcome). The Sequin Banking Membership is especially powerful if you have a larger balance in your checking account, are working towards a credit goal (building credit/paying off debt), or have had a negative experience with your traditional bank. Our ideal member is a young professional woman who is looking to step into her financial power with confidence and maintain confidence throughout her life’s financial goals. 🙏🏼 Our Ask Become a Sequin Banking Member (bonus: share your feedback with us at founders@sequincard.com). Share this post! Please help spread the word (women are less likely to talk about finances). Connect us with any women-focused brand partners! *quick blurb to copy & paste: Two Visa & PayPal experts launch the Sequin Banking Membership geared towards empowering women financially. Learn more at www.sequincard.com!

Hi Product Hunt! I'm one of the engineers at Sequin and I've really enjoyed building this product with users in mind. I can't wait to hear what you all think!

Super excited for this launch!!! I've been a Sequin member for a while, and I'm really excited to try out the new features, especially the High Interest Checking!

An amazing team & mission. I've watched Sequin grow from early days and never cease to be impressed by their passion & progress. The community they've built is a force, and I love how Vrinda advocates for the much-needed (and underserved) cause with her story & voice. Can you share more about what the vision is beyond the checking account? Can't wait to watch y'all grow!

Awesome!

Great job! I love this. Will definitely recommend it to everyone!

Let’s go Sequin! I have learned so much from your amazing insights already. Love the work you’re doing and also happy to already be benefitting! 🙌🙌🙌

Congratulations

Congrats on the launch 🚀🚀

Yes! I usually put a bunch of money in my checking so I can use it for months at a time, exactly when I need it and it's so great that the money is growing for me now <3