Bank that fights medical debt with a free $5K emergency fund

#5 Product of the DayJanuary 16, 2020
Get your paycheck in and claim $5000 of free insurance in case of a medical emergency. We help cover!
๐Ÿšจ E.R.
๐Ÿ‘ฉโ€โš•๏ธ Medical bills
๐Ÿ  Rent
๐Ÿ›’ Groceries
๐Ÿ’ผ Lost income
๐Ÿ’ฏ Not a loan, no need to pay us back.
Would you recommend this product?
11 Reviews5.0/5
Hey there PH! I am Kaushik, co-founder and CEO of! We are two brothers who built betterbank after struggling with medical debt ourselves. As freelancers living in NYC, we realized the biggest challenge to our finances was a one-off medical emergency that left us with hospital bills and unable to work for a while. This is true for the majority of Americans. So we built a checking account that comes with a free emergency fund! The emergency fund is an insurance policy that will pay up to $5000 directly in your betterbank account in case of a medical emergency. It's not a loan, you don't have to pay it back. We can help cover out-of-pocket expenses that health insurance doesnโ€™t cover like deductibles, lost wages and even rent! We fund the insurance safety net using โ€œinterchange feesโ€ i.e everytime you use the betterbank debit card, we get a small % from the merchant which means zero fees for you! We are starting to onboard our first users so comment below or hit us up at if you are interested! Cheers Kaushik & Saumik! P.S: we are all ears for any medical debt horror stories that you may have! Please share :)
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@betterbank @kaushikktiwari Hi Kaushik, I really like the idea. I wish I could have used this in India. The website cleared all the doubts I had about the product, its clean, minimal and to the point. Keep going, brother.
thanks Utkarsh! I appreciate the words of encouragement! Please share it with your friends!
And we might be coming to India soon, you never know ;)
@betterbank @kaushikktiwari YO BRO!!!!!! THIS IS SO AWESOME!!!! omg, glad you guys are fine. The blog is really inspiring! Glad this app is launch. Congratulations on the launch!!!!! Much love from me, from Singapore ๐Ÿ‡ธ๐Ÿ‡ฌ
Thanks Fajar! And glad you took the the time to read the blog! Have a great evening and rest of the week. Sending best wishes to Singapore!
Just checked out the video for betterbank. Definitely one of the better promo videos I've seen since Robinhood.
@zicsus Thanks! We are proud of the video!
Love the concept - much needed product for the thousands of Americans who cannot afford a surprise medical bill, plus those who are deferring care which may lead to emergencies!
@sumeet_singh6 Thanks Sumeet! You were the first to see the need of what we are building. Forever grateful for that initial bit of encouragement!
Excited to see where BetterBank goes. Most definitely has immense potential! Good luck Kaushi and Saumik ๐Ÿ‘๐Ÿฝ
@abhineetsays I sure know that it wouldn't be here without your support! Thanks for being an amazing sounding board for ideas!
This is brilliant and much needed. Bravo
@bearmace Thanks! It's either the freedom dividend or this! Ideally, we need both!