Betterment launches phone insurance with Sure partnership

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  • Betterment teamed up with tech company Sure to offer phone insurance.
  • And to further differentiate its offering and enhance its competitive advantage, it should look to add more insurance options.

The US-based digital wealth manager has teamed up with tech company Sure to offer phone insurance, per a press release. Customers of Betterment Checking—the startup’s checking account and accompanying debit card—can purchase coverage for phone damage or theft, as long as they pay their monthly phone bill using a Betterment Visa debit card.

eToro debit card launching soon

Betterment is moving into phone insurance.

Business Insider Intelligence


While the claims process is supported by Sure’s platform, the insurance policy is being provided by an undisclosed global insurance company, and customers will receive up to $600 per claim, with a maximum of two claims per 12-month period and a $50 deductible for each claim.

Betterment Checking only launched a few months ago, and enhancing the offering

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Is your SBI home, personal loan eligible for restructuring? How to check online

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SBI’s retail customers upon logging in the portal will be asked to key in their account number. After completion of OTP validation and inputting a few necessary information, the customer will come to know their eligibility and receive a reference number. This reference number will be valid for 30 days and within which time customers can visit the branch to complete the required formalities.

C.S. Setty, Managing Director (Retail & Digital Banking), SBI expressed the hope that with the launch of this portal, the customers will find it operationally convenient to check their eligibility before they go to a branch.

Under this resolution framework framed by RBI, such borrowers are eligible whose loan accounts were classified as standard and not default for equal to or more than 30 days as on 1 March, 2020, and their incomes are impacted by Covid-19.

Retail customers will be offered a simple option to

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Major Banks Moved Vast Sums of Illicit Money: ICIJ | Voice of America

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WASHINGTON – Massive sums of allegedly dirty money have flowed for years through some of the world’s largest banking institutions, said an international journalism investigation published Sunday, which denounced shortcomings in sector regulations.
 
“Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees,” according to the probe from Buzzfeed News and the International Consortium of Investigative Journalists (ICIJ).
 
The investigation, which was led by 108 international media outlets from 88 different countries, is based on thousands of suspicious activity reports (SARs) submitted to the US Treasury Department’s financial law enforcement agency, FinCEN, by banks from around the world.
 
“These documents, compiled by banks, shared with the government, but kept from public view, expose the hollowness of banking safeguards, and the ease with which

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People are ditching in-person financial services for apps | Technology

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“People are trying digital finance for the first time,” Perret said. “It’s going from an attitude where people think, ‘I do my banking in person,’ or, ‘I do financial services in person,’ to an attitude of thinking, ‘I could use these digital services.’ Breaking that zero-to-one gap, that’s the biggest gap.”

What’s next for fintech?

While the growing demand for fintech is promising for the industry, concerns about data privacy and cybersecurity could be a hurdle for further growth.

In a recent survey by international law firm Goodwin of more than 700 global business leaders about fintech trends, nearly half ranked cybersecurity as the largest threat to the adoption of digital financial services. There are also issues like possible tech glitches as users are trying to make crucial transactions, as happened to several online brokerages on the day that Apple and Tesla stock started trading at newly split prices last

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Business Partners Find New Opportunity After Financial Hardship

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Sunday, September 20th 2020, 10:56 pm

By: Hunter McKee

OKLAHOMA CITY –

Two business owners impacted by the COVID-19 pandemic are exploring a new adventure this fall. This week marks the grand opening of Hillbilly Haven, an outdoor family fun farm located at the intersection of Coltrane and Wilshire.

Nick Henthorn and Scott Hill co-own Phoenix Oil and Gas in Edmond, but they say business has been tough due to COVID-19.

“We’ve been trying to drum up business,” Henthorn said. “Trying to earn a check.”

With time on their hands, they put their heads together and created a place for family and friends.

“We’ve been out here every single day,” Henthorn said. “Morning to night, doing our very best trying to make it as nice and clean as possible.”

From pumpkin sales to pony rides, Hill said Hillbilly Haven has something for the whole family to enjoy.

They had been

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A piece of $2.7 billion in health insurance rebates could be coming

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zoranm | E+ | Getty Images

Your health insurance company may owe you some money.

Depending on how you get your coverage, you could be one of the 7.9 million policyholders expected to get a piece of about $2.7 billion in premium rebates from various insurers, according to the Kaiser Family Foundation. While such refunds are issued yearly, the anticipated amount would be nearly double the $1.4 billion issued last year.

Generally, you’re more likely to get a rebate — or already have received one in recent weeks — if you have an individual policy (including through a state health exchange or the federal one) or participate in a small- or large-group plan, said Karen Pollitz, a senior fellow with the foundation. Many of the biggest U.S. employers choose to self-insure, which means their plans don’t have to adhere to certain requirements placed on insurance companies. Different rules also apply

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Pay off student loans or invest? Here’s how you can decide

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Consumers should focus on paying down their student loans and credit cards. (iStock)

The coronavirus pandemic forced many businesses to shutter their doors, resulting in millions of Americans losing their jobs and tapping into their savings as their unemployment funds ran dry.

Almost one of every five American workers remain jobless and at least 29 million people are receiving unemployment benefits. Amid economic uncertainty, consumers are evaluating their various types of debt, financial priorities, and determining how to pay off debt faster.

Consumers are considering whether they should use their stimulus check to pay off debt — like student loans — or invest in hopes of gaining some extra money in the long run.

Should you pay off student loans or invest?

Both paying off student loans and investing are important. But how do you decide whether to pay student loans or invest? There are some important factors

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Money: The stock market is NOT the economy | Business News

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The Internal Revenue Service concurs with Swonk. In a recent forecast, it predicted that there will be about 229.4 million employee-classified jobs in 2021 – more than 37 million fewer than it had estimated last year.

With poor economic results and dire predictions, why has the stock market soared since the March lows? The answer is investors are not worried about the past or even the near term; rather they are looking ahead to the future, and betting that on corporate “winners” of COVID-19 (think Facebook, Apple, Amazon, Tesla, Microsoft, Google, Netflix), and their ability to make a lot of money.

Additionally, with the Federal Reserve committed to keeping interest rates at zero for the foreseeable future, the notion of TINA is important. Who is Tina, you ask? TINA stands for “There is No Alternative,” and it is applied to the investment world as follows: “With zero percent interest rates,

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Regions Bank Announces Special Financial Services in Areas Impacted by Hurricane Sally

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Fee waivers, deferred payments and additional offers available to support storm recovery.

Regions Bank on Friday announced a series of financial services that are available to help people and businesses in portions of Alabama, Florida and Mississippi that were impacted by Hurricane Sally1. Options include payment extensions, the waiving of certain fees, interest rate discounts and additional offers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200918005051/en/

Special services announced by Regions Bank are designed to help people and businesses along the Gulf Coast. (Photo: Business Wire)

“Regions Bank has been part of the Gulf Coast and our inland communities for many years, and we will be here in the days, weeks and months to come as storm recovery moves forward,” said John Turner, President and CEO of Regions Financial Corp. “These financial services are designed to make the recovery easier, and we encourage all customers

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Proclamation on National Small Business Week, 2020

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During National Small Business Week, we celebrate the resolve and ingenuity of American businesses, entrepreneurs, and workers.  America’s small businesses are at the very core of our Nation’s identity and prosperity, and this week we pay tribute to these patriots for their contributions to our Nation’s economy and culture.

This year, as we collectively recover from an unprecedented pandemic, my Administration remains intensely focused on helping every American enterprise remain viable, recover, and once again, thrive at historic levels.  Our Nation’s more than 30 million small businesses, which employ nearly half the private-sector workforce and create two-thirds of all net new jobs, are the key to propelling our economy to the prosperity levels America has enjoyed over the past 3 years.  That is why, as part of our extraordinary, whole-of-government economic response to the coronavirus, we have placed the small business sector front and center.  We have delivered nearly three

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