The Bank Slate


NBKC Bank becomes BaaS provider for Acorns

NBKC Bank in Kansas City, Mo., has agreed to become the Banking-as-a-Service (BaaS) provider to Acorns, a fintech that helps people with savings and investments.

The $1.1 billion-asset NBKC said in a press release that it will provide Acorns-branded checking accounts and debit cards to qualifying the fintech’s customer.

With Acorns Checking, subscribers can invest spare change and invest a portion of each paycheck automatically.

Acorns “has helped millions of Americans save and invest more,” NBKC’s chief deposit officer, said in the release. “Their choice of NBKC as a partner reflects our strong reputation and growing business within the fintech space, which has been a principal focus for us.”

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