Firstcard Evaluate | The Faculty Investor

While you head to varsity, you begin to study actual world tasks, like doing your individual laundry, making meals, and paying for payments. One main change you’ll face is managing your own financial decisions, and it could make sense to go together with a monetary establishment that has the school expertise in thoughts.

Firstcard, a pupil debit card, goals to assist faculty college students navigate their newfound monetary tasks with ease. Firstcard guarantees a slew of advantages to make your monetary life easy throughout faculty. 

Let’s discover what Firstcard has to give you. Then you may resolve it’s the proper match in your pockets. 

What Is Firstcard?

Firstcard is a fintech that gives entry to a banking experience particularly designed for college students in faculty. Kenji Niwa, a visiting scholar at Stanford, based this startup in 2021. The corporate works with Lewis & Clark Financial institution to offer the precise banking companies. 

College students are the highest precedence for Firstcard, and the corporate appears to be placing its cash the place its mouth is. Firstcard has included a number of faculty college students inside the workforce, presumably, this enter helps Firstcard ship what college students actually need. 

What Does It Provide?

If you’re a school pupil, Firstcard’s debit card could be price a more in-depth look. Right here’s what Firstcard has to supply.

A Focus On Faculty Scholar Wants

Firstcard is clearly placing an emphasis on making a banking expertise that’s simple for school college students. 

In response to Firstcard, its mission is to “assist each faculty pupil turn into extra financially empowered to allow them to pursue their educational {and professional} objectives with out worrying about their funds. Our hope is to reshape the web banking expertise for school college students.”

As a school pupil, this focus is an enormous deal. When you would possibly discover a free checking account for students by way of many banks, most aren’t designed for the funds of a faculty pupil. This is the reason you’ll probably admire the give attention to a campus way of life.

Engaging Rewards

Firstcard presents as much as 15% money again while you make purchases from choose companies. The community of companies providing money again contains many on-campus or near-campus institutions. Nevertheless, money again can also be obtainable by way of many nationwide chains.

This cash back quantity (15%) on purchases is an enormous win in your funds. One other good perk is the power to have your pupil low cost utilized everytime you use your Firstcard. You gained’t need to shuffle round for a pupil low cost, it’s utilized mechanically. 

Easy Banking App

You’ll be able to deal with your entire banking wants immediately by way of the Firstcard app. The great app offers you the power to monitor your transactions, rewards, spending statistics, and extra. 

As you navigate your first banking expertise, you’ll admire the simplicity of the app. You gained’t need to dig round to handle your funds. As an alternative, the app makes it simple to deal with your funds.

Are There Any Charges?

Total, the overall lack of charges is a pleasant perk of Firstcard. 

Firstcard doesn’t have loads of charges hooked up. You gained’t discover any annual charges, sign-up charges, overdraft fees, or minimal steadiness necessities by way of Firstcard. 

Nevertheless, you would possibly face an inactivity charge if you happen to don’t make any deposits or withdrawals for a interval of 15 months.

How Do I Contact Firstcard?

If you wish to get in contact with Firstcard, you may electronic mail assist@firstcard.app. Though there is just one type of communication obtainable, a comparatively complete FAQ section would possibly enable you discover the solutions you’re searching for. 

Thus far, the corporate has earned 4.1 out of 5 stars on Trustpilot. Nevertheless, there are solely 5 evaluations of this comparatively new firm. The app evaluations are much less optimistic. Firstcard earned 2.6 out of 5 stars on the Google Play Store and three.9 out of 5 stars on the Apple App Retailer. Each websites have fewer than 20 reviewers.

If you’re searching for a debit card that gives rewards in your spending, Firstcard is an choice price contemplating.  Nevertheless, it’s not the one choice in your faculty banking wants.

Current is a cellular banking app designed for youthful customers. Though Present isn’t particularly for school college students, you’ll nonetheless discover a handy expertise with minimal charges. Plus, Present offers you the possibility of incomes 4% APY on balances of as much as $6,000 inside a Financial savings Pod. 

In case you choose to work with an enormous financial institution that gives handy in-person places, the Chase College Checking account could be a great match. 

You’ll keep away from any month-to-month upkeep charges in case you are between the ages of 17 to 24. Though the massive financial institution can have some downsides, you’ll probably have an in-person department to deal with your banking wants. 

How Do I Open An Account?

The method of working with Firstcard begins by offering your electronic mail handle. You’ll additionally have to create a password. After that, you’ll present extra private details about your self. Be ready to offer your handle and Social Safety Quantity. 

It ought to solely take 10 minutes to finish the complete sign-up course of.

Is It Secure And Safe?

While you make a deposit to Firstcard, it’s FDIC insured as much as $250,000 by way of Lewis and Clark Financial institution. Moreover, Firstcard makes use of industry-standard encryption measures to guard your info from falling into the fallacious arms. 

As you’re employed with Firstcard, you’ll get notifications about your transactions. In case you don’t acknowledge a transaction, you could have the power to lock the cardboard at any time.

Firstcard‘s debit card is a pretty choice for school college students. It’s all the time good when a product is particularly designed together with your wants in thoughts. Plus, the suite of money again alternatives could be simply what you have to stretch your dollars a bit of bit additional. 

Total, Firstcard could be the fitting match for some faculty college students. However the lack of a financial savings account characteristic or any interest-earning alternatives could be a letdown for school college students who need to put their funds to work.