Moving to the US is an ambitious step where you leave your home country behind to turn your hopes and dreams into reality. But this move also includes looking for a place to stay, means of daily travel, the constant urge to fit in, and more than anything else: earning, saving, and making the most of money.
If you are feeling overwhelmed after reading this, you will feel flustered even more when you know that most traditional banks in the US offer an APY (yes, an interest rate) of around 0.02-0.05%. Yes, we are serious. But that doesn’t mean bidding adieu to the lucrative bonus rates we enjoyed so much back home? Absolutely not.
And this is one of the many reasons why you should select Zolve as your salary account. Here are some more:
1. Our interest offering is the one of the best in market
Most traditional banks in the US offer an APY (yes, an interest rate) of around 0.02-0.05%. Yes, it is that low. Even banks like Chase, American Express, and Bank of America offer an APY of a maximum of 1%, whereas Zolve offers 2%, which is almost 20 times higher than what other banks offer in the US. We also have a calculator for you to compare how Zolve is better when compared to other major US banks.
By making Zolve your primary banking account and setting up a salary deposit, you don’t just have easy access to your money but also reap a higher boost rate!
2. Get access to multiple salary account
Many working professionals prefer to keep their money in different accounts. For example, they use one account to save money, the other for everyday use, and another for emergencies. Assuming that your monthly salary is $5000, you can deposit $3000 in Zolve and the remaining in another account of your choice. This will enable you to earn the boost rate on the $3000 you deposit every month.
3. Hassle-free salary deposit set up from week 1
When you land in the US and plan on opening a salary account, you have to physically visit the bank of your choice and provide them with the necessary documents, maybe even an SSN sometimes which can take time to get. All of this can lead to your salary deposits getting delayed by weeks. But with Zolve, your US Bank Account is ready for use even before you reach America. So, if you provide your Zolve Account details to your employer on day 1, you get access to your salary at the earliest.
4. Zero-fee cash withdrawals at MoneyPass ATMs
We don’t put any restrictions on your money. With 65,000+ MoneyPass 24/7 ATM access, you decide how your money is spent. You can also find the ATM nearest to you from the Zolve app and access your money with ease.
5. Zolve salary account comes with zero hidden charges
Your Zolve account has zero minimum balance, no application fee or annual charges, and no hidden costs. Other US banks charge a fee of $30-$35/month for people above 24 years. With Zolve, you don’t need to worry about any of these since we don’t charge anything extra based on your age or any other factor.
6. Your financial security is of utmost importance
Zolve Accounts are also FDIC insured for up to $250,000 through our partner bank. Rest assured, your money is in safe hands.
7. Easy and convenient money transfer
Sending money from the US to other countries is made easy with Zolve. It is safe, fast, and affordable. We have partnered with Wise to provide a easy and transparent way to send money back home. Currently, it is one of the cheapest options in the market without any hidden fees or confusing forex markups.
8. Enjoy the best of both worlds
Once you choose Zolve as your salary account, you receive a virtual debit card and a physical one. You can also freeze and unfreeze your cards with a tap via the Zolve app. With this you have an extra level of security check with your account and can control as per your need.
Make the most of your salary and start boosting it today with Zolve: https://zolve.com/boost-account.
Disclaimer: The products, services, and offerings mentioned in this blog are subject to change and may vary over time. We recommend visiting our official website for the most up-to-date information on Zolve's offerings.
